Americans don’t want electric cars, so Biden plans to force them to buy them
Despite a $7,500 purchase subsidy, Americans don't have much of a desire to buy electric cars, as the Financial Times points out
Instead, the FT reveals that "only two out of 10 Americans are 'very likely' to buy an electric vehicle as their next car", even with the additional subsidies from the IRA. The number jumps to 1 in 10 Americans among Republicans.
The cost and availability of chargers are the two main reasons people don't buy EVs. Behind them, price still remains a key factor.
If Americans don't like the "Soup" of the electric car, then President Biden's government will force them to eat it.
The US Environmental Protection Agency (EPA) on Wednesday proposed the toughest ever exhaust emission standards for new cars and trucks, aiming to accelerate the adoption of electric vehicles to ensure that, by 2032, electric vehicles account for a larger share of conventional vehicle sales.
Depending on the compliance paths manufacturers choose to meet proposed standards, the EPA projects that electric vehicles could account for 67 percent of new light-duty vehicle sales and 46 percent of new medium-duty vehicle sales for the 2032 model year. .
Proposed 2032 standards for light-duty vehicles are expected to result in a 56 percent reduction in projected average fleet GHG emission levels compared to current MY 2026 standards. Under EPA's proposal, proposed standards for medium vehicles for MY 2032 would result in a reduction of 44% compared to the standards for MY 2026.
The agency expects the proposals would reduce oil imports by about 20 billion barrels. Overall, EPA estimates that the benefits of the proposed standards would outweigh the costs by at least $1 trillion.
"These ambitious standards are easily achievable thanks to President Biden's Investing in America program, which is already leading to historic advances in building more American-made electric cars and ensuring America's global competitiveness," said the EPA Administrator Michael S. Regan.
The Alliance for Automotive Innovation has warned that the massive deployment of electric vehicles will depend not only on automakers, but also on investments in the charging network and infrastructure.
“Many things need to go right for this massive, and unprecedented, shift in our automotive market and industrial base to succeed,” John Bozzella, head of the Alliance, told Bloomberg.
So if Americans don't like electric cars, perhaps because they are expensive, and the recharge is too difficult to find and too expensive, then they are forced to buy it anyway by taking petrol cars off the market. Obviously someone will pay the highest cost of these means, i.e. American citizens.
Thanks to our Telegram channel you can stay updated on the publication of new articles from Economic Scenarios.
The article Americans don't want electric cars, so Biden plans to force them to buy them comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/gli-americani-non-vogliono-le-auto-elettriche-allora-biden-pensa-di-obbligarli-a-comprarle/ on Thu, 13 Apr 2023 09:00:14 +0000.