Buttigieg: ‘The More Pain’ You Feel at the Gas Pump, the Higher the Benefit of an EV
Paying near record-high prices for gas may be hitting your wallet hard, but according to Transportation Secretary Pete Buttigieg , that will just make an electric vehicle all the more worth it. During a House hearing on…
Paying near record-high prices for gas may be hitting your wallet hard, but according to Transportation Secretary Pete Buttigieg, that will just make an electric vehicle all the more worth it.
During a House hearing on Tuesday, Buttigieg said, “The more pain we are all experiencing from the high price of gas, the more benefit there is for those who can access electric vehicles.”
Watch the video below:
According to AAA, the national average price for a gallon of gas is $4.49, down from $4.98 a month ago.
However, it is up from $3.17 a year ago.
Buttigieg’s argument is just not one that will resonate with the average American, as administration officials talk about the need to “accelerate” a transition to green energy.
According to Kelly Blue Book, the average price of an electric vehicle (EV) is roughly $60,000. As CNBC notes, that is “roughly $10,000 higher than the overall industry average of $46,329 that includes gas and EVs.
“In terms of pricing, an EV is equivalent to an entry-level luxury car,” it added.
On top of paying for the car, EV owners can spend around $2,000 to install “Level 2” chargers that can charge their vehicle in less than eight hours.
Otherwise, “Level 1” charges can take up to 40 hours to charge the vehicle.