The Inflation Reduction Act allocates $340 billion in a complicated scheme of tax credits and rebates for electric vehicles (EVs). The administration plans for nationwide charging stations and an all-electric federal automotive fleet by 2030. Further, it has set a target of making EVs to be half of all new vehicles sold in 2030, estimated by the Edison Electric Institute to be 5.6 million EVs.
Politicians praise electric cars. If everyone buys them, they say, solar and wind power will replace our need for oil. But that’s absurd. Here is the rest of my list of “inconvenient facts” about electric cars. “The future of the auto industry is electric,” says President Joe Biden. He assumes a vast improvement in batteries.
Electric cars sales are up 66% this year. President Joe Biden promotes them, saying things like, “The great American road trip is going to be fully electrified” and, “There’s no turning back.” To make sure we have no choice in the matter, some left-leaning states have moved to ban gas-powered cars altogether. California Gov. Gavin Newsom
The left has always hated cars — or at least the idea that there should be a car in every driveway. Now, it is stepping up its assault. In 2035, every car purchased in California, with its nearly 40 million people, will have to be an electric vehicle. Why? The automobile is arguably the most
Much has been said about the impact of Russia’s invasion of Ukraine on oil and natural gas markets and the lessons for American energy policy. But the recent market scramble over the price of nickel, which more than doubled in a single day, temporarily surpassing $100,000 per metric ton, is a reminder these impacts are reaching
Boasting about his $1 trillion infrastructure package, President Joe Biden overstated its reach by claiming it would result in 500,000 electric vehicle charging stations and meet his pledge to nudge half of U.S. drivers into EVs by decade’s end. The measure receiving final congressional passage late Friday cuts in half the money that Biden had