Monday, April 15, 2024

Tom Pyle, American Energy Alliance: In the EV game, China wins and you lose

There's only one winner under the Biden Administration's relentless efforts to force Americans to drive electric vehicles (EVs).

 

The winner is NOT American families and consumers, who don't want to pay the high cost of EVs and who prefer gas-powered cars, trucks, and SUVs...

 

The winner is NOT American auto dealers, thousands of whom came together to sign an open letter telling Joe Biden to pump the brakes on his EV mandate...

 

The winner is NOT even American autoworkers, as the United Auto Workers union seemed to threaten to withhold their endorsement of Joe Biden in 2024 until the Biden Administration slowed its EV mandate...

 

Instead, the winner is CHINA – as the Biden Administration's "green" schemes are effectively subsidizing China's booming economy at the direct cost of average Americans like you and me.

 

As you'll remember, China leads the world in EV manufacturing and battery technology and is home to vast stockpiles of critical minerals needed for batteries and other components.

 

As a result, China's EV market is flourishing, even as American families are floundering under the weight of costly EVs and massive government EV subsidies.

 

And even President Joe Biden himself is concerned about China's dominating role in the renewable and EV energy markets!

 

He recently called Chinese-made EVs a national security threat and announced that the Commerce Department would open an investigation to assess the impact.

 

Any way you look at it, the Biden plan to forcing Americans to purchase EVs is bad for American business … bad for American families … and bad for American national security.