Automakers have been backtracking on their EV goals over the past year as consumer interest failed to keep up with the vision automakers had. That vision appears to have been born from the idea that if the federal government mandated people drive electric cars, then people would buy them.
Not only did consumers rebel against this EV future, they voted for a candidate who had vowed throughout his campaign to end the Biden-Harris administration’s EV mandate. On Monday, President Donald Trump made good on the promise, signing the “Unleashing American Energy” executive order. Among other things, it eliminates the EV mandate in order to “promote true consumer choice.”
Now, the automakers, who were already losing billions on EVs, could be in more trouble, depending on how much EV sales were buoyed by the mandates the automakers were counting on.
“I think the EV mistake has basically crippled the U.S. automotive industry, and unless there are bailouts, I can’t see these guys surviving,” Jack Lifton, executive chairman of the Critical Minerals Institute told Just the News.
Scaling back
Trump’s order revokes a non-binding goal Biden had set in 2021 to make half of all new cars sold to be electric by 2030. In order to block the EPA’s tailpipe emissions standards, which by some estimates would require 66% of all new cars sold in the U.S. to be electric by 2032, Trump would have to work with the EPA to rewrite its rules. Either that or Congress could legislate the rule away. […]
— Read More: justthenews.com
