Last week, the House approved a resolution to block the Biden administration’s emissions rule that would require more than half of the automobiles sold in the new-car market to be electric by 2032.
The 215 representatives who voted for the bill, including eight Democrats, are far more in tune with most of the country than the White House.
Ford, which lost nearly $73,000 on each EV it sold in the second quarter of 2023, continues to yield to reality, now ditching its plans to build a large electric SUV.
Maybe consumer backlash, followed inevitably by voter backlash, will encourage them to rethink their agenda.
The “deplorables” and “bitter” clingers of the industrialized world are rejecting electric vehicles.
“Of the U.S. consumers planning on purchasing a new vehicle in the next 24 months, only 34% intend to purchase an EV, down 14% from 48% in the 2023,” says Ernst & Young’s Mobility Consumer Index, “a global survey of almost 20,000 consumers from 28 countries.” The story is much the same in Britain.
EVs “are losing value at an ‘unsustainable’ rate as a slowdown in consumer demand sends used car prices tumbling,” the Telegraph reported last week.
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