www.njspotlight.com/video/more-electric-vehicles-on-njs-roads-as-state-clean-energy-advocates-keep-pushing/
This article merely states the MEP goal, not whether the plan is achieving the goal. The MEP goal is of 330,000 EV registrations by 2025 A brief review of the State’s EV registration numbers shows the plan is failing miserably. As of December 2020, there were slightly over 41,000 EV’s registered in the state. Just over 11,000 EV’s were registered in 2020.
Assume 15,000 EV’s are registered in 2021, no numbers are currently available, then 274,000 EV’s must be sold and registered in the next three years. That is 91,300 EV’s per year. What will make people increase EV buying from 11,000 – 15,000 to 91,3000 starting January 2022?
Will the State require we pay every EV buyer $5000? If so, the subsidy is $457,000,000 per year for 91,000 cars. If $5,000 is insufficient should the subsidies be raised to $10,000 or $15,000 per car?
If the state wants taxpayers to provide EV subsidies, for buyers and charging stations, then a fully transparent cost benefit analysis is required. What are the complete subsided costs? What will be the reduction in atmospheric temperatures, storm intensity and number decrease, sea level decrease and air particulates decrease? What is the measurement of success?
Without the cost benefit analysis and public evaluation, all subsidies should stop and EV sales progress as the public decides whether they are a superior form of transportation.
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