I had no idea that I would need a postscript to this post, but I really didn’t know that the Koch’s were this stupid. They’ve decided to go to war with Elon Musk over the future of the electric car.
The oil and gas industry may have thought it had killed the electric car, but sales — boosted by generous government subsidies — rose dramatically between 2010 and 2014, and energy giants are worried the thing may have come back to life.
Time to kill it again.
A new group that’s being cobbled together with fossil fuel backing hopes to spend about $10 million dollars per year to boost petroleum-based transportation fuels and attack government subsidies for electric vehicles, according to refining industry sources familiar with the plan. A Koch Industries board member and a veteran Washington energy lobbyist are working quietly to fund and launch the new advocacy outfit.
Elon Musk, of course, wasted no time and no snark when it came to responding to this threat. As the linked article rightly notes, electric vehicles are not the only vehicles that receive subsidies. Oil fueled vehicles, plastics (everything) is enabled by heavy subsidies to the oil and gas industry.
Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.
The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments.
The Koch’s may object to subsidies for all industries, but I don’t see them rejecting them personally. They are more than happy to cash those government checks themselves in spite of their ideological opposition to them. Nothing cures the hurt of grave violations of your personal beliefs quite as well as millions of dollars of infused cash.
The October bill has arrived and, given the difference between last October and this October temperature-wise, the increase in electric consumption for last month was > 300 KWH which amounts to just over $80 in additional electricity.
Given the fact that in regular drive mode I can beat any sports car off the line, and that maintenance costs are near zero for the vehicle aside from replacing batteries and maintaining the moving parts in the front-end, I consider this car to be an excellent enhancement in city mobility. I think I’d like to have two of them, one for each child.