How Many EV Charging Stations Does $7.5 Billion Buy? Seven
You’re driving your electric car on a cross-country road trip but no matter where your battery begins to run low, there is a convenient charging station that would work with any make or model. [emphasis, links added]
How much would you pay for that kind of convenience? $19.99?
These miracle charging stations usually have a little store attached, so you’ll have something to do while you wait for your car to charge.
How much would you pay for such a deal? $29.99? $49.99? One HUNDRED dollars?
But wait, there’s more!
Someday — maybe not any time soon but in theory it just might happen! — these charging stations will dot our nation’s highways, providing recharges to fleets of electric vehicles people aren’t really buying any longer. When the chargers are working, that is, which won’t be all the time.
Now how much would you pay?
One. BILLION. Dollars.
Presidentish Joe Biden’s trillion-dollar “infrastructure” law (that spent just nine cents on the dollar for actual infrastructure — and even that is questionable, as you’re about to see) included $7.5 billion in subsidies for a network of 500,000 EV charging stations by 2030, less than six years from now.
Way back in December, I reported that exactly none had been built.
But these things move at the speed of government, so it was just eleven days later that I had to issue a semi-correction because one — count ’em, one — charging station was finally in operation. Located near a freeway in London, Ohio, it appears to be little used.
Well, here we are, just five months later, and I’m here to report that Biden’s EV charging station program has become a smashing success. According to an article in Monday’s Oil Price, we’re now up to seven spread across four states.
That comes out to an average of about one billion dollars per station. Not that they really cost that much, of course, but my ridiculous averaging is still a lot less ridiculous than Biden’s so-called Infrastructure Investment and Jobs Act.
My back-of-the-envelope math also indicates that building seven stations every two years will get us to Biden’s goal of 500,000 no later than the year 144,881 AD. Assuming we’re still using AD by then. 2030 doesn’t seem that far away now, does it?
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Tom
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Even if they did 1,000 new stations every month, over 75 months that’s only 75,000 stations…or 15%. Of course, the costs will be much higher due to inflation and government waste, fraud and abuse.
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