The Biden administration has issued its final rule governing tailpipe emissions that will force automakers to phase out gas cars by requiring up to 60% of new cars sold by 2032 to be EVs or hybrids. The emissions standards are so draconian that only a fleet dominated by EVs will meet the government's standards.
The New York Times calls it "the most significant climate regulations in the nation's history." It's also virtually guaranteed to keep millions of Americans out of the new car market and create enormous chaos on the roads. The infrastructure, including enough charging stations and mechanics to service tens of millions of electric vehicles, simply won't be there.
But in the name of "battling climate change," no price is too steep, no inconvenience too stupid to endure.
"Three years ago, I set an ambitious target: that half of all new cars and trucks sold in 2030 would be zero-emission," said Mr. Biden in a statement. "Together, we've made historic progress. Hundreds of new expanded factories across the country. Hundreds of billions in private investment and thousands of good-paying union jobs. And we'll meet my goal for 2030 and race forward in the years ahead."
I suppose Biden will give me $60,000 to purchase that vehicle. He is skewing the market badly. We will drive our cars into the ground. There will be less new car purchases, and the price of used gas vehicles will skyrocket.
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