Adam Schultz/White House/ZUMA Press Wire / SplashNews.com
The Environmental Protection Agency released what it calls the “strongest-ever pollution standards for cars,” which it claims will “expand consumer choice in clean vehicles.”
That’s a stretch: These new regulations, which are clearly beyond EPA’s defined powers, will limit overall vehicle choice and force Americans into expensive and unreliable electric vehicles.
The EPA expects plug-in electric vehicles to make up between 62% and 70% of the automotive market. But this unrealistic target ignores two key facts:
First, consumers are not lining up to purchase electric vehicles, which made up only 7.6% of 2023 vehicle sales despite heavy subsidies.
American drivers simply aren’t embracing EVs because they know these vehicles have shorter driving ranges and longer refueling times. Not to mention that they’re significantly more expensive.
The five-year cost to own an average electric vehicle is more than $92,000, according to the North American Auto Dealers Association.
Compare that to a typical gas-powered vehicle, which over the same period costs $76,500.
Second, readily available charging infrastructure remains elusive for many EV users.
Many of the available chargers are level 2, which the magazine U.S. News notes “is fine if you have time to kill.”
Repair issues compound even the limited levels of charging, as only 73% of chargers in some major centers are in working order, according to Autoweek.
In the face of rapid decreases in the growth of electric vehicle sales, automakers are already scaling back EV production plans.
In December, Ford announced it was cutting planned production of its F-150 Lightning pickup in half due to “changing market demand.”
The Mackinac Center for Public Policy has warned automobile manufacturers for years that leaving consumers out of their long-term business plans was a recipe for failure.
Taxpayers not only pay with more expensive cars, they have to subsidize new production facilities.
In Michigan, lawmakers have already promised $200 million dollars of taxpayer money — and that’s just for one Ford battery plant in Marshall.
Source: https://nypost.com/2024/03/20/opinion/bidens-war-on-gas-cars-will-cost-americans-a-fortune/