Electric Vehicle Subsidies Benefit the Rich

What to Know: President Biden’s oddly named “Inflation Reduction Act” includes a $7,500 credit for election vehicle buyers.

The TPPF Take: The government subsidies for electric vehicles amount to far more than that.

“The focus on the direct EV subsidy misses far larger financial shifts that benefit the wealthy at the expense of average Americans,” says TPPF’s Chuck DeVore. “By some estimates, federal and state policies heap as much as $50,000 in additional support per EV.”

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But the Wind and the Sun are Free, Right?

What to Know: You’re not imagining it; your electric bills are going up. And there’s no end in sight.

The TPPF Take: If wind and solar generation is so cheap, why are our electricity costs going up?”

“There are hidden costs of wind and solar being imposed on our grid,” says TPPF’s Brent Bennett. “First is the cost of transmission and interconnections to bring their electricity to the market. Texans are paying twice as much in transmission fees as they were in 2011, about $2 billion annually, and almost all of that new money is being spent on new wind and solar development.”

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We Can Win This

What to Know: School choice champion Corey DeAngelis, who spoke recently at a TPPF event, has high hopes for parent empowerment in Texas next session.

The TPPF Take: Parent empowerment has had positive results nearly everywhere it’s implemented.

“Arizona, Florida, and Indiana have America’s largest choice programs,” says TPPF’s Mandy Drogin. “Their rankings have gone up over the last decade: Arizona from 44th to 22nd, Florida from 7th to 3rd, Indiana from 25th to 15th. Texas ranks 33rd. And in 97% of states with choice programs, inflation-adjusted funding has gone up, not down.”

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