The Murphy Energy Plan to have 330,000 Electric Vehicles registered in New Jersey by 2025 has failed. The registration numbers will be far less. Why has the plan failed? People reject the electric vehicles as primary transportation because of the charging time. It takes five minutes to fill a gas car capable of traveling hundreds of miles. It takes about 30 minutes, with a fast charger, to charge a battery for far fewer miles of travel.
Increasing the number of charging stations makes it easier to locally run around but does not solve the basic problem of time. Charging stations are mainly a political decision which require building the charging stations, spending massively on the rewiring required and increasing taxes to pay for them. Decreasing charging times is an engineering issue which requires lithium to absorb and hold increasing amounts of energy. The solution to that problem is still far in the future.
The climate alarmist demand to transfer $70 million in subsidies from average and lower income state residents to wealthy electric vehicle buyers is merely a wealth transfer plan. Its purpose is to reduce the cost of virtue signaling for the wealthy.
A brief review of the actual registrations and their history show the MEP failure. At the end of 2020 there 41,096 EV registrations in NJ. At the end of June 2021 there were 48,871 registrations (1) or an increase of 7,775 in six months. EVAdoption estimates (guesses) there were 66,555 registrations by September 2021 an increase of 17,684 in about three months. This seems high but assume it is correct. If this rate of increase occurred through the remainder of 2021 there would be about 84,247 EV registered. Assume 84,500. To meet the 330,000 registrations by 2025, 245,700 cars mut be bought in three years or 81,900 per year. Even increasing the subsidies to $100 million per year for $5000 per car, only 20,000 cars per year will be bought. Who is buying the other 61,900 EV’s required to meet the goals?
What are tax payers getting for the $100 million? What are the air quality improvements in particulates and gases in ppm? What are the atmospheric temperature decreases and extreme storm reduction numbers in improved climate change? This is never identified.
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Seth Grossman, Executive Director