RE:RE:RE:RE:RE:RE:SU share price breaking out to the downsideat 60 mph, that comes to 1 whole minute of charging.
Electric roadways could accelerate EV adoption by charging vehicles while moving or parked, but at a high cost to taxpayers – most of whom don’t drive EVs. Statewide, there are 5.8 million gas vehicles, 13,545 EVs, and 105,651 hybrid vehicles registered.
The $1.9 million spent to build one mile of EV road could have repaired 792 miles of road, assuming the money is fungible and the 2020 statewide average per lane, per mile road repair cost of $2,398.
The cost of building out electrified roads would compound as Michigan boasts over 122,000 miles of public roadway that would cost roughly $231 billion to electrify, assuming a cost of $1.9 million per mile.
Jason Hayes, director of environmental policy at the free-market Mackinac Center for Public Policy, pointed to the state’s “dismal” history of dumping millions of dollars into tech companies.
“Contrary to the ebullient fanfare that typically accompanies these announcements, our state has a dismal history when it comes to government trying to pick technology winners and losers,” Hayes wrote in an email. “Governor Whitmer and her predecessors have spent millions of our tax dollars over the past several decades propping up the wind and solar industry, the battery industry, and electric vehicles. Now they plan to spend even more promoting EV charging infrastructure. The real test of these technologies would come if they were allowed to compete without tax dollars pushing them forward.”
One concern of the state spending millions on EV road technology is uncertain ongoing repair costs, which are currently unclear.