Biden Administration Unleashes Powerful Regulatory Tool Aimed at Climate
www.nytimes.com
Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.

The higher the number, the greater the government’s justification for compelling polluters to reduce the emissions that are dangerously heating the planet. During the Obama administration, White House economists calculated the social cost of carbon at $42 a ton. The Trump administration lowered it to less than $5 a ton. Under President Biden, the cost was returned to Obama levels, adjusted for inflation and set at $51.

The new estimate of the social cost of carbon, making its debut in a legally binding federal regulation, is almost four times that amount: $190 a ton.

  •  Sonori   ( @sonori@beehaw.org ) 
    1•7 months ago

    If your comparing price wise you should probably do it used to used, which while hard at the moment given most EVs are new enough that they haven’t made their way to the used market things will improve with time. Especially given the lower maintenance and longer lifespan of EVs.

    I’m also sure your factoring the 7k subsidy and the fuel costs into this comparison already, given that if you keep your cars for a long time costing half to a third per mile driven is a pretty big deal, equating to a savings of about six hundred and fifty dollars a year. Between the both of those you should expect to be able to pay 15k more for an EV and still come out on top if you keep cars for a bit over ten years

    Basically that the 30k new Bolt and Leaf are competing price wise against a 15k new suv, or at least they would be if there was any suv on the american market for under 25k.

    Of course that higher up front cost isn’t nothing, it’s expensive to be poor after all, but it does factor into these things.

    I can’t compare feel, but yes, cheap cars do tend to feel cheap, especially when there is still rather limited competition for the low end market and the Japanese pair continue to not even try. I don’t know what to tell you beyond the working poor will probably put up with it for the extra 10k in their pockets, like normal.

    Well that or chevy gets swept away by the Koreans until it gets another bailout and then acts all confused, but i don’t think that’s the drivetrains fault.