



This Wednesday, the Biden administration is set to implement new auto admissions rules to have 67 percent of all vehicles purchased by consumers be EVs by 2032.
The new regulations dictate that auto manufacturers must restrict the number of emissions admitted by their fleet of vehicles. So far, only 5.8 percent of sales in the US vehicle market have been electric cars.
Biden’s goal is to reduce the use of internal combustion engines for electric batteries by 2027 and phase them out of the market via administrative state pressure.
The Biden administration aims for American society to undergo a 100-year change, push for electric, and increase the difficulty of owning a gas-powered car.
It’s unknown whether auto companies can even reach the regulatory targets since the White House is forcing electric car usage on the American populace at a rapid rate.
The sudden surge of electric vehicles under Biden has affected public charging infrastructure and batteries, with sales up 40 percent for the required necessities.
China is the primary source of the materials needed for batteries in electric vehicle production. In 2022, approximately 75% of battery cell manufacturing capacity, along with 90% of battery anode and electrolyte production, was under China’s control.
Ford Motors invested heavily in electric vehicles, while Biden fought against ICE engines.
The investment has proven to be disastrous, with Ford reporting a loss of $3 billion in electric vehicle profits. The latest data from Ford’s second-quarter financial results also projects losses to be over $4.5 billion in 2023 total.
The electric car division of the company, known as “Ford Model E,” has tarnished over $1.8 billion in funds, previously losing over $2.1 billion in 2022.
Despite the adverse effects, Ford still accepted a subsidy from Biden for electric vehicles. Subsequently, Ford recently announced it would lay off over 1,000 employees in the United States and Canada to produce more electric cars.