This is hardly the green “transition” to EVs that Biden envisioned.
This slowdown in sales growth comes despite enormous subsidies estimated by the Texas Public Policy Foundation to total over $48,000 per vehicle.
In model year 2027, which is just two years away, manufacturers will be required to sell at least 32% electric vehicles. They won’t even come close.
We’ve warned many times that the government will NEVER succeed in getting Americans to buy cars they don’t want. We have here more evidence that Joe Biden was the worst thing that ever happened to the EV industry.