Daily Take: Why Are Americans Still Stuck Paying for Oil Wars When EVs Cost Less to Drive?
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 3 April 2026
⏱️ 11 minutes
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Summary
As war sends oil prices soaring, fossil fuel giants rake in billions while Americans get stuck with the bill, even though EVs already offer a cheaper way out…
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Transcript
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| 0:00.0 | Why are Americans still stuck paying for oil wars when EVs cost less to drive? |
| 0:06.4 | Trump and Netanyahu's insane war against Iran has caused gasoline prices to skyrocket here in the United States. |
| 0:14.5 | The Financial Times yesterday published an article titled Pump Anxiety from soaring fuel prices prompts surge in EV interests. |
| 0:24.8 | Even the New York Times has noticed with Michael Ruinwald writing in an article titled, |
| 0:28.9 | Now is the Perfect Time to Buy an Electric Vehicle, quote, |
| 0:32.0 | even before prices at the pump started soaring above $4 a gallon, |
| 0:36.1 | consumer reports found that the typical EV |
| 0:38.1 | owners saved $6 to $12,000 on maintenance and fuel over the car's lifetime. Don't tell that to |
| 0:45.2 | the grifters in the White House, though, just a few days ago, J.D. Vance or whatever his name is this week, |
| 0:50.3 | this is his third name change, told a group of Republicans speaking about gas prices in the |
| 0:55.2 | U.S. You got a lot of people all over the world who are focused on a lot of green energy scams, |
| 1:00.1 | and they're hurting a lot more than we are. Right. The oil industry, which gave Trump hundreds of |
| 1:06.7 | millions in support to become president, loves it as their costs have not gone up, but their |
| 1:12.6 | profits are through the roof. And Putin is grinning from ear to year as Trump has dropped |
| 1:17.4 | sanctions on Russian oil exports, so Vlad is making billions to fund his terror campaign against |
| 1:22.9 | Ukraine. All of this has Americans wondering if now is the time to buy an electric vehicle. |
| 1:29.4 | And because Trump killed federal subsidies for EVs, the price of them has fallen, |
| 1:35.1 | and used ones in particular have come way down. |
| 1:38.0 | They're now easily competitive with internal combustion engines, cars, and light trucks. |
| 1:44.0 | So what does it cost to fill up and drive an EV? |
| 1:46.9 | And how far do they go on a full tank? For several years, Louise and I drove a plug-in Toyota-Prius |
| 1:53.0 | electric hybrid. It would go about 30 miles on a charge and then kick over to gasoline power. |
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