The White House corrected an address delivered by Joe Biden this week after he claimed his Green Energy policies will save American families $500 a month. The actual figure is $500 a year based on the administration’s own calculations.
“If your home is powered by safer, cheaper, cleaner electricity, like solar or heat pumps, you can save about $500 a month on average,” the president said.
The official transcript released by the White House crossed out Biden’s remarks, clarifying he meant to say $500 “per year.”
From the NY Post:
Biden was also criticized on social media for announcing that if his plan is OK’d by lawmakers, “we can take advantage of the next generation of electric vehicles [so] that a typical driver will save about $80 a month from not having to pay gas at the pump.”
The president did not mention that according to Kelly Blue Book, the average price of a new electric vehicle in February was $64,685 — nearly 2.5 times the average price of a new compact car ($26,196), almost twice the average cost of a new compact SUV ($33,732), and 52% more expensive than the average sports car ($42,555).
Read the full report here.