Joe Biden is moving at breakneck speed to force the country into electric vehicles.
But this great transition is going to come with a steep price for the country.
And it comes with an awful secret that Joe Biden doesn’t want anyone to know.
The electric vehicle revolution that Joe Biden is forcing on drivers is supposed to be a massive win for the country.
He claims that going electric will boost American manufacturing, create good-paying American jobs, and lead to more energy independence.
But his ambitious plans to force the country to rapidly transition to electric vehicles are going to make China the big winner.
Biden creates electric vehicle mandate to wipe out the competition
There’s no appetite among Americans for the mass adoption of electric vehicles.
So the Biden administration is going to try and regulate gasoline-powered vehicles out of existence to force drivers to make the switch.
Biden’s Environmental Protection Agency (EPA) issued new tailpipe emission standards that would require two-thirds of new vehicles sold to be electric or hybrids by 2032 to comply.
Experts told the Daily Caller News Foundation that a rapid transition to electric vehicles is going to require Chinese help to make that possible.
Competitive Enterprise Institute senior fellow Marlo Lewis explained that Biden’s mandates are a gift to Chinese electric vehicle makers.
“China’s EV production would pose no risk to American consumers or U.S. geopolitical security if we had a free market allowing U.S. companies to concentrate on their comparative advantage in pickups, SUVs, and minivans, and allowing consumers to decide which types of vehicles best meet their needs,” Lewis said. “EV mandates, however, create a captive market for EV producers, and China is today the world’s top EV producer.”
Chinese exerting control over the electric vehicle market
China controls 87% of the world’s mineral refining capacity and dominates the current electric vehicle supply chain.
They refine the minerals needed for the batteries for electric vehicles and manufacture the majority of them.
Chinese company BYD has become one of the fastest-growing electric vehicle makers in the world in recent years.
The Biden administration has tried to boost the domestic electric vehicle industry with tax credits and subsidies for manufacturers but consumers aren’t buying these impractical Bidenmobiles.
That’s why major automakers like Ford, General Motors, Honda, Bentley, and Mercedes-Benz have reduced their electric goals.
And that’s leaving the door wide open for Chinese companies like BYD to fill the void.
“So, if U.S. manufacturers are forced to keep making high-priced EVs, their market share could contract while BYD’s increases,” Lewis explained. “Global auto industry leadership would shift from the United States to China. California and EPA’s EV campaign could end up helping fulfill China’s ambition to be the world’s leading superpower.”
Joe Biden’s electric vehicle agenda is making the country more reliant on China and is poised to become a wealth transfer scheme to the communist nation.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.