Tuesday, April 11, 2023
Forcing The Issue
The Biden administration is on the cusp of raising fuel-efficiency standards to force production of more electric vehicles. Manufacturers won't be able to reach the new standards unless they abandon the gas engine. This is a problem because the country is not ready for millions of EV's on the road and the supply chain for building them is not in place either. And, manufacturers have been whipped-sawed by seesaw changes in standards from Obama to Trump to the present administration. There is no good outcome for all of this for Ford, GM, Honda, Toyota and the others. They will have to do the best they can and suffer the PR brickbats thrown at them. Meanwhile, consumers will need to adjust rapidly to a new way of driving. They aren't ready either. But, climate change won't wait and the need to address global warming has been here for decades. The transition is bound to be painful no matter when it occurs and that time appears to be now.
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