AMERICAN ENERGY ALLIANCE

 Conservatives,

 

President Biden has announced that he wants half of all cars and trucks sold in the United States to be electric vehicles (EVs) by 2030.

 

And don’t worry -- he’s prepared to shell out plenty of your hard-earned money to make it happen, by:

• Developing a national infrastructure of 500,000 charging stations;
• Expanding federal tax credits as purchase incentives for consumers; and
• Increasing federal spending on research to develop new battery designs that can be made in America.  (The United States doesn’t currently have the resources or processing capability to do so.) 

Biden has also directed the Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) to raise federal fuel economy standards for the internal combustion-engine cars and trucks that make up 96% of the vehicles currently driving the nation’s streets and highways.  This will make them less safe, but pave the way for electric vehicles. 

 

But take heart:  While Biden’s EV targets spell disaster for Americans like you, they’re sure to prove a bonanza for China, which has one of the largest and fastest-growing EV markets in the world.

 

Those batteries the United States is struggling to produce?  A whopping 80% of the manufacturing capacity for EV batteries is in China, which consumes as much industrial metals and battery minerals as the rest of the world combined.

 

China’s dominance of the EV supply chain is largely due to their chemical processing and refining of 82% and 60% of cobalt and lithium production, respectively -- materials crucial to EV battery production.

 

As Biden works to boost EV sales in the United States, it will certainly increase both exports and income for China at the outset -- and probably for many years to come, even if America is allowed the regulatory environment to develop EV batteries, since these industries will take decades to develop.

 

As we continue to monitor Biden’s EV transition, one thing is clear:  It will undoubtedly prove a financial windfall for China, as America essentially moves from an “America First” energy policy to one more accurately resembling “China First.”

 

And that should be of immense concern to concerned citizens like you and me who care about America's economic and energy future.

 

Please take a stand and submit your official comment against these disastrous regulations.

Submit your official comment before the deadline

Tom Pyle
President

American Energy Alliance