APPG 2030 Ban

Fair Fuel APPG for UK Motorists and UK Hauliers August 2021 Page | 34 The economic value of CO 2 emissions reductions associated with Zero Emissions Vehicles is effectively zero. A US report 9 suggests EV’s are out of reach for the average American, and broad adoption will actually cause an increase in traditional air pollution. It asks whether the internal combustion engine is on its way out. It soon will be, according to advocates for “zero-emissions vehicle” (ZEV) technologies, especially battery- powered electric vehicles. They claim that ZEVs will offer superior performance, lower cost, and, most importantly, “emissions-free” driving. Sound too good to be true? That is because it is, according to a new report published by the Manhattan Institute. Dr Jonathan Lesser, the author of “Short Circuit: The High Cost of Electric Vehicles,” argues that critics of the internal combustion engine fail to consider just how clean and efficient new cars are. Using a recent forecast prepared by the U.S. Energy Information Administration, Lesser’s analysis shows that, over the period 2018 – 2050, the electric generating plants that will charge new EVs will emit more air pollution than the same number of new internal combustion engines, even accounting for air pollution from oil refineries that manufacture gasoline. What is more, EV subsidies benefit the wealthy at the expense of the poor. A nationwide survey of EV owners in 2017 found that 56% had household incomes of at least $100,000 and 17% had household incomes of at least $200,000. In 2016. median household income for the US as a whole was less than $58,000. As mentioned, the bottom line of Lesser’s report is - the economic value of CO 2 emissions reductions associated with ZEVs is effectively zero. Yes, it is true that ZEVs reduce CO 2 emissions compared to new internal combustion vehicles. However, this reduction will be less than 1 percent through 2050, and looking ahead to the future. In terms of climate change, this will have no measurable impact, and therefore no economic value.