The Biden-Harris Administration's push to mandate electric vehicles (EVs) is shaping up to be a direct attack on the middle class. While EVs are touted by some as the future of transportation, their hefty price tags and reliance on foreign materials paint a different picture.
There are significant downsides to mandating EVs that need to be considered, as requiring electric cars across the board could have detrimental effects on affordability and national security.
First, the cost of electric vehicles is significantly higher than that of internal combustion engine (ICE) vehicles. On average, EVs can be $10,000 to $20,000 more expensive than their gasoline counterparts. This stark price difference places a considerable financial burden on American families, making EVs inaccessible to a large portion of the population.
Second, the materials required for EV batteries are another concerning issue. A large proportion of these materials, such as lithium, cobalt, and nickel, are sourced from China, which holds a dominant position in the global supply chain. This dependence on China for critical raw materials raises concerns about national security and economic stability. Should geopolitical tensions rise, the U.S. could face significant disruptions in the supply of these essential materials, driving up costs even further and potentially making vehicles even more unaffordable for Americans.
On Friday, the House of Representatives passed a bill that would repeal the EPA's Transportation Emissions Rule which would force costly electric vehicles onto Americans who may not want them.
Click below to watch my remarks opposing this rule.