Two in three electric in nine years? Really? CREDIT: Carolyn Cole/LA Times
[Note: This story is also published at The Telegraph]
Policies enacted by the Biden administration and the previous, Democrat-controlled Congress are set to plunge the USA into a serious energy crisis in the coming years. It all has to do with the Biden government’s decision to try to force mass adoption of electric vehicles (EVs) before either the market or the power grid can adjust to meet the whopping new demand for power generation or to supply the critical minerals needed to make the batteries that power the cars.
Democrat members of Congress and Biden’s appointed officials are coordinating an effort to force EV adoption on reluctant consumers via a classic carrot and stick approach. The Orwellian 2022 Inflation Reduction Act (IRA) provides the carrot in the form of billions of dollars in new subsidies for EV makers and buyers alike, while the Biden EPA applies the proverbial stick by invoking stricter tailpipe emissions controls and higher mileage requirements designed to force most current internal combustion engine (ICE) models out of the market.
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