One of the latest leftist virtue signals is to switch to an electric car.
But these “eco-friendly” cars aren’t exactly the miracle of the future that everyone imagines them to be.
And now this bombshell report starts to reveal how a switch to electric vehicles will bankrupt this state.
Electric cars will cost consumers big time
A comprehensive 34-page report entitled “Colorado’s Energy Future: The High Cost of 100% Electric Vehicles” was just released.
It’s the third of three reports based on research from the Independence Institute and the Center of the American Experiment, which examined the state’s energy status.
Colorado Governor Jay Polis wants the state to convert to 100% renewable electricity which would include all-electric residential space heating and 80% of all car sales to be electric vehicles in the next decade.
If the plan were to become law, it could cost Coloradans $695.3 billion through 2050.
Most shockingly, the report found that the average monthly electric bill for Coloradans would more than quadruple, going from around $180 a month in 2021 to a staggering $907 a month through 2050.
According to the report, transitioning to a “Lower Cost Decarbonization” using nuclear energy would reduce that cost to closer to $209.4 billion, resulting in an average monthly cost of $270 for those living in Colorado.
Part of the high costs for this new form of energy is “the need to massively and rapidly overbuild new wind and solar facilities to bolster the grid and ensure enough generation to support electric home heating and sufficient charging for vehicles,” the report said.
It also stated that adding new transmission lines to move power and ensure reliability due to large quantities of battery storage would also cause costs to rise significantly.
In a previous report, the organization looked at the cost of Colorado reaching 100% renewable energy and the cost of reaching 100% electric home heating by 2040.
That research found that all-renewable electricity and residential heating would cost Coloradans $620.7 billion through 2050.
Another report determined that reaching an all-renewable energy platform with wind and solar would cost the state $318.8 billion through 2050, which is compared to the $88.4 billion needed for a nuclear-based energy source.
Part of the report read, “Ultimately, the idea behind powering a growing state like Colorado with nothing more than weather-dependent energy and expensive batteries while reorienting how most Coloradans keep warm in the winter and travel daily is little more than an expensive pipe dream. Even under the less costly nuclear scenario modeled here, the extensive and costly nuclear buildout required is likely little more than a theoretical exercise.”
Colorado isn’t the first
Colorado is not the first state to discuss phasing out gas-powered vehicles in the next few decades.
The report also looked at California’s plan to phase combustion engine vehicles out by 2035.
A week after that information was released, California asked residents to avoid charging their electric vehicles because it created too much demand and pressure on the power grid, leading to possible blackouts.
Despite this, eight more states are planning to try and phase out gas-powered vehicles by 2035.
The report stated that with so much focus “dead set on forcing a transition to electric vehicles, and with California’s ill-fated rollout of its gas vehicle ban as a case study of what can go wrong, it’s become critical to evaluate the costs and grid reliability impacts such a transition would incur.”
Informed American will keep you up-to-date on any developments to this ongoing story.