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Sunday, November 24, 2024

Biden Admin’s EV Obsession Sends Working Americans’ Tax Dollars To China

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U.S. Senate Republican Leader Mitch McConnell | Mitch McConnell Official website

U.S. Senate Republican Leader Mitch McConnell | Mitch McConnell Official website

U.S. Senate Republican Leader Mitch McConnell (R-KY) criticized the Biden Administration's climate policy in a recent speech on the Senate floor. McConnell argued that the administration's emphasis on electric vehicles (EVs) is detrimental to American workers and businesses, while benefiting China's economy. He highlighted the stringent emissions standards set by the Environmental Protection Agency (EPA), which effectively mandate automakers to produce EVs, regardless of consumer demand.

McConnell pointed out that the average EV on the market costs over $16,000 more than a gas-powered car, making them unaffordable for many working families. He emphasized that EVs account for less than eight percent of new vehicle sales in the US, indicating that the majority of Americans are not interested in purchasing them. Despite this, the Biden Administration aims for EVs to make up two-thirds of car sales by 2032.

The Republican leader also highlighted the concerns raised by American businesses, including auto dealers and Hertz, regarding the unrealistic demand for EVs. Auto dealers have expressed their doubts about the feasibility of this mandate, as EVs are already piling up on their lots due to lack of consumer interest. Hertz announced plans to sell a third of its electric vehicle rental fleet due to sparse demand and high repair costs.

McConnell further emphasized the potential strain on power grids due to a massive increase in EV usage. State utilities are worried that the current infrastructure is not equipped to handle the additional load, potentially leading to blackouts. McConnell described the Biden Administration's climate scheme as a lose-lose proposition, with negative consequences for both American consumers and the power grid.

The Senate Republican Leader then shifted his focus to China's role in the EV industry. He highlighted China's dominance, controlling nearly 70% of the supply chain for EV batteries. McConnell pointed out that a Chinese automaker recently became the world's top seller of electric cars. He also mentioned that leased cars from China qualify for a major tax credit under the so-called Inflation Reduction Act, which means that hard-working Americans are indirectly subsidizing the Chinese Communist Party (CCP) and wealthy Californians.

In conclusion, McConnell called on President Biden to prioritize the interests of the American people over the left-wing dream of promoting EVs. He argued that the administration's policies are sending working Americans' tax dollars to China, benefiting the CCP and undermining American competitiveness.

The Biden Administration's focus on electric vehicles (EVs) has come under criticism from U.S. Senate Republican Leader Mitch McConnell. McConnell argues that the administration's climate policy is not only hurting American workers and businesses but also strengthening China's economy. McConnell specifically highlights the stringent emissions standards set by the Environmental Protection Agency (EPA), which effectively mandate automakers to produce EVs regardless of consumer demand. He claims that this move is out of touch with the needs of American consumers and the capacity of American industry. McConnell argues that the desire for universal electric vehicles caters to the preferences of wealthy coastal liberals and neglects the needs of working families. He emphasizes that the average EV on the market costs over $16,000 more than the average gas-powered car, making them unaffordable for most Americans. McConnell points out that EVs only account for less than eight percent of new vehicle sales in the US, showing that the majority of Americans are not interested in buying them. Despite this, the Biden Administration aims for EVs to make up two-thirds of car sales by 2032. McConnell highlights concerns raised by American businesses, including auto dealers and Hertz, regarding the unrealistic demand for EVs. Auto dealers have stated that the attempted electric vehicle mandate is unrealistic based on current and forecasted customer demand, and Hertz has announced plans to sell a third of its electric vehicle rental fleet due to sparse demand and hefty repair costs. McConnell also raises concerns about the strain on power grids that could result from a massive increase in EV usage. State utilities worry that the current infrastructure is already on the edge of blackouts and may not be able to handle the additional load. McConnell argues that the Biden Administration's climate scheme benefits the Chinese Communist Party (CCP) the most. He points out that China controls nearly 70% of the supply chain for EV batteries and that a Chinese automaker recently became the world's top seller of electric cars. McConnell also mentions that leased cars from China qualify for a major tax credit under the Inflation Reduction Act, meaning that hard-working Americans are indirectly subsidizing the CCP and wealthy Californians. In conclusion, McConnell calls on President Biden to choose between the American people and a left-wing dream that benefits China.

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