The TRUE Cost of "Cap and Trade"

Documenting the coming economic collapse, thanks to Obama and "global warming."

Electric vehicle mandate July 1, 2009

Filed under: Costs of Cap and Trade,Economic Impact — Amy Curtis @ 10:21 pm

The cap and trade bill lays out a mandate forcing utility companies to provide plug-in stations for electric cars.

Who will pay for it?

YOU.

At anywhere from $1,000-$10,000 a pop.  From the Green Hell blog:

Who will pay for this? Waxman-Markey says that,

Each State regulatory authority (in the case of each electric utility for which it has ratemaking authority) and each utility (in the case of a nonregulated utility) shall consider whether, and to what extent, to allow cost recovery for plans and implementation of plans.

So state regulators and utilities will get to decide whether to pass the costs on to consumers as increased electricity prices or whether to directly stick property and business owners with the costs. To the extent tax credits/deductions are available, taxpayers will pick up the tab.

How much will this cost? How much money do you have?

While Coulomb Technologies’ sells its “Smartlet” for between $1,000-$2,000 per charging station, Toyota’s unit costs $4,600, Edison EV’s cost $5,000-$10,000 (indoor units) and $15,000-$20,000 (outdoor units), and solar-power stations cost as much as $85,000 for a six-station unit.

Without the Waxman-Markey mandate, it’s not likely that too much electric vehicle infrastructure would be installed.

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