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Some students and faculty at Morehouse College greeted President Biden with a silent protest by wearing Palestinian scarves or the color of the flag as the president delivered the commencement at the all-male historically Black university. CBS
VOA VIEW: A fools get together.
United States National Security Advisor Jake Sullivan met with Crown Prince Mohammad bin Salam on Saturday to discuss a potentially historic bilateral agreement between the two nations. CBS
VOA VIEW: At what cost to the US?
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington. CNBC
VOA VIEW: Biden and Dems are destroying the economy.

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There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy. CNBC
VOA VIEW: Sad, but true.
Several tax cuts enacted by former President Donald Trump are set to expire after 2025 without changes from Congress. CNBC
VOA VIEW: They need to be extended.
Demand for armed security at churches and synagogues is increasing as houses of worship seek to deter acts of violence. FOX News
VOA VIEW: Sad that they need armed security to pray.
Meteorologists said the damage caused by windstorms, which killed 4 and could leave some residents of Houston without power for weeks, was comparable to that 'caused by a hurricane.' FOX News
Drexel University in Philadelphia, Pennsylvania had at least 75 protesters set up an encampment on campus on Saturday evening, the university president said. FOX News
A helicopter carrying Iranian President Ebrahim Raisi on Sunday suffered a crash landing, according to state-run media. UPI

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The State Department is warning Americans traveling abroad of "the potential for terrorist attacks, demonstrations, or violent actions against U.S. citizens and interests." UPI
VOA VIEW: It would be unwise to travel.
Rudy Giuliani's 80th birthday party in Florida was interrupted when the former New York City mayor was served with a notice of indictment in an alleged plot to overturn the results of the 2020 election in Arizona. UPI
Federal authorities are investigating the use of underage workers at an Alabama poultry plant owned by the same firm found responsible for the death of a 16-year-old worker in Mississippi. UPI
VOA VIEW: They should go to jail if found.
Humanitarian aid has started moving into Gaza via a temporary pier, two days after the U.S. military began construction on the floating causeway. UPI
VOA VIEW: Hamas will endanger US military.

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P.O. Box 10307
New Orleans, LA 70181
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COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
May 22, 2024

      A new study out of the Texas Public Policy Foundation, which has received contributions from oil giants Exxon and Chevron, finds that the actual hidden costs of fueling an electric vehicle, which some allege equates to $1.21 per gallon of gas, is more like $17 per gallon — all things considered.  It may be a  little higher.

     In their paper "Overcharged Expectations: Unmasking the True Costs of Electric Vehicles," the study's authors, Brent Bennett and Jason Isaac, ostensibly argue that while the direct cost of "fueling up" to an EV owner may appear low, the real costs and considerations add up to be significantly more.

     "EV advocates claim that the cost of electricity for EV owners is equal to $1.21 per gallon of gasoline (Edison Electric Institute, 2021)," the authors contend, "but the cost of charging equipment and charging losses, averaged out over 10 years and 120,000 miles, is $1.38 per gallon equivalent on top of that. Adding the costs of the subsidies to the true cost of fueling an EV would equate to an EV owner paying $17.33 per gallon of gasoline."

    The paper goes on to assert that the U.S. government uses regulatory standards, mainly Corporate Average Fuel Economy (CAFE) and Greenhouse Gas (GHG) emissions standards, to indirectly finance the growth of EVs. These standards force automakers either to comply, often by selling more EVs, or to buy credits from those who do, adding hidden costs to traditional gas and diesel vehicles.

     "When we pay for a gallon of gasoline," they continue, "we are paying for the entire infrastructure to refine, transport, and market that gasoline. When an EV owner connects to the electric grid, how much are they paying for the extra generation, transmission, and distribution costs that they are imposing on the grid, and will those embedded costs rise over time?"

     Answering this, the authors conclude, "The stark reality for proponents of EVs and for the dreamers in the federal government, who are using fuel economy regulations to force manufacturers to produce ever more EVs, is that the true cost of an EV is in no way close to a comparable ICEV [internal combustion engine vehicle].