>2: The US government bonds aren't very high interest rate. Currently US government bonds have a low interest rate. However, we also would be doubling our debt

>2: The US government bonds aren't very high interest rate. Currently US government bonds have a low interest rate. However, we also would be doubling our debt on this plan, and inflation expectations have been ticking up. Furthermore, such desperation for energy independence might be looked down on by international investors who already view the actions of the US government as reckless. What might the US be planning in the Middle East that they need to take such rash actions to get off of oil for? All these factors could swing interest rates higher. > 4: The government Administrative costs by the government will be non-zero. >8: Because this type of thing requires strong government authoritarianism. Actually, I just don't think the technology is there yet. If scale production was the only obstacle in the way of the electric car right now, then it would require an investment in the $1 billion magnitude to start up efficient production, something within the reach of modern car companies. Economical, comfortable, useful, and safe electric cars are not available with modern battery technology. As soon as the technology is ready to make an attractive electric car, I expect to see consumers converting to them voluntarily and at-scale in the free market. Now if we want to force everybody to convert to an inferior and immature product right away, then we do need strong government authoritarianism, yes.