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The Right Coast
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The Electric Vehicle Welfare State – WSJ

By Thomas A. Smith

What a spectacle. We re referring to the political advertisement that auto makers staged with President Biden on Thursday endorsing the Administration s stricter fuel-economy rules and climate agenda. Behold Big Business colluding with Big Government to grab subsidies and raise consumer prices.

The White House previewed the electric-vehicle promo with joint statements from auto makers, the United Auto Workers and California Gov. Gavin Newsom. Ford, GM and Stellantis (formerly Fiat Chrysler ) announced their shared aspiration for electric cars to make up 40% to 50% of their sales in 2030. EVs make up a mere 3% of current U.S. sales, and most are Teslas.

via www.wsj.com