Auto Dealers Push Back Against Biden’s “Unrealistic” EV Mandates
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Diana Furchtgott-Roth.
Last week, almost 4,000 American auto dealers penned a letter to President Biden pleading with him to walk back his administration’s EV mandates. Despite generous tax incentives, EVs are piling up on dealer lots. Currently, they represent about 6% of the nation’s new car market, but under Joe Biden’s emissions rule, 60% of new cars will have to be EVs by 2030 and 66% by 2032, or auto manufacturers will have to pay fines.
- People should have a choice of cars: while a few like EVs, 94% prefer a gasoline-powered engine.
- Ultimately, the government wants to stop people from buying gas-powered cars.
- EVs are more expensive—a new EV is over $50,000 on average—and not convenient for long trips or towing.
- When it comes to charging these cars, it’s a steady diet of inconvenience and serious problems:
It takes around an hour to get an EV from 20% to 80% charged.
EVs also lose 20-40% of their range in cold weather, which further disincentives their sale, particularly in the northern U.S.
- The bottom line is clear: as long as EVs continue to be more expensive, more unreliable, and more inconvenient for consumers, they will continue to pile up on lots.
- President Biden should abandon his policy and let Americans buy the product that they want and need.
According to a statement, “Diana Furchtgott-Roth is director of the Center for Energy, Climate, and Environment and the Herbert and Joyce Morgan Fellow in Energy and Environmental Policy at The Heritage Foundation. She is an Oxford-educated economist, a frequent guest on TV and radio shows, and a columnist for Forbes.
“Diana worked in senior roles in the White House under Presidents Reagan, George H.W. Bush, and George W. Bush. She has served as Deputy Assistant Secretary for Research and Technology at the U.S. Department of Transportation; Acting Assistant Secretary for Economic Policy at the U.S. Department of Treasury; Chief Economist at the U.S. Department of Labor; Chief of Staff of the President’s Council of Economic Advisers; and Deputy Executive Secretary of the White House Domestic Policy Council.
“Diana is the author or coauthor of six books and hundreds of articles on economic policy, most recently United States Income, Wealth, Consumption, and Inequality (Oxford University Press, 2021). She received degrees in economics from Swarthmore College and Oxford University.”
For more great business stories click here.
LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE:
