Tag: electric vehicles

Electric Vehicle Market Share Plummets in First Quarter as Consumers Sour

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Tesla Showroom

Growth in sales for electric vehicles (EV) slowed in the first quarter of the year as consumers remained wary of the product even though growth in sales of new vehicles remained strong, leading to a drop in EV market share, according to The Associated Press.

Sales for new vehicles grew 5 percent in the first three months of the year, but EV sales grew only 2.7 percent as more consumers chose traditional vehicles due to cost and product concerns, according to the AP. The average sales price declined 3.6 percent year-over-year to $44,186 in March as dealers looked to offload built-up inventory.

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‘Entirely Unachievable:’ Biden EPA Locks In Stringent Emissions Rule for Heavy-Duty Vehicles to Fight Climate Change

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Joe Biden

The Environmental Protection Agency (EPA) finalized aggressive emissions standards Friday for heavy-duty vehicles that will effectively require huge increases in the numbers of electric or zero-emission buses and trucks sold over the next decade.

The agency is projecting that the heavy-duty vehicle emissions standards for model years 2027 to 2032 could result in zero-emission or electric vehicles (EVs) making up 25 percent of new long-haul trucks sold and 40 percent of all new medium-sized truck sales by 2032, according to The New York Times. The EPA’s final emissions standards for heavy-duty vehicles complements the agency’s recent release of the final tailpipe emissions standards for light- and medium-duty vehicles that has been characterized as an “EV mandate.”

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Biden EPA Locks in Stringent Emissions Rule for Heavy-Duty Vehicles to Fight Climate Change

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Garbage Truck

The Environmental Protection Agency (EPA) finalized aggressive emissions standards Friday for heavy-duty vehicles that will effectively require huge increases in the numbers of electric or zero-emission buses and trucks sold over the next decade.

The agency is projecting that the heavy-duty vehicle emissions standards for model years 2027 to 2032 could result in zero-emission or electric vehicles (EVs) making up 25% of new long-haul trucks sold and 40% of all new medium-sized truck sales by 2032, according to The New York Times. The EPA’s final emissions standards for heavy-duty vehicles complements the agency’s recent release of the final tailpipe emissions standards for light- and medium-duty vehicles that has been characterized as an “EV mandate.”

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Poll Shows Seven States Oppose Electric Vehicle Mandates

The Center Square
Tesla on Road

Polling from the American Fuel & Petrochemical Manufacturers, the leading trade association of fuel, shows seven states oppose gas car bans.

Polling from the presidential and senate battleground states of Arizona, Michigan, Montana, Nevada, Ohio, Pennsylvania, Wisconsin, shows most registered and likely general election voters oppose government efforts to ban new gas cars and impose electric vehicle mandates.

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Top U.S. Automaker Reports $1.7 Billion Loss on Electric Vehicles in Fourth Quarter

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Marry Barra

General Motors reported a $1.7 billion loss on Tuesday in its fourth quarter earnings call in the production and sale of its electric vehicle line, despite having positive net income growth in the quarter.

The automaker’s net income for the fourth quarter rose 5.2% year-over-year to $2.1 billion despite a reduction in revenue over that time frame of 0.3%, according to GM’s fourth quarter earnings report. The losses on EVs accompany a $1.1 billion total loss from a six-week-long strike by the United Auto Workers that partially halted operations, with the union gaining a new work contract that could raise labor costs in the coming year, according to the company’s investor earnings call.

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Tennessee Gov. Bill Lee Fails to Join 16 GOP Governors Who Told Biden to Drop Electric Vehicle Mandate

Tom Pappert
Bill Lee Evs

Tennessee Governor Bill Lee was not among the 16 Republican governors who sent a letter to President Joe Biden demanding his administration drop its controversial electric vehicle mandate that would force two-thirds of automobiles sold to be electric by 2032. Lee’s office did not respond to a press inquiry from The Tennessee Star seeking information about why he did not represent Tennessee in the letter.

The letter, revealed on Monday by the Republican Governors Association (RGA), includes signatures from Republican governors representing four of Tennessee’s neighboring states, namely Governor Sarah Huckabee Sanders of Tennessee, Governor Glenn Youngkin of Virginia, and Governor Mike Parson of Missouri.

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Leahy and Brewer Discuss Gov. Bill Lee’s Absence from GOP Governors Letter Demanding Biden Drop EV Mandates

Kaitlin Housler
EVs charging

All-star panelist Clint Brewer joined Tuesday’s edition of The Tennessee Star Report with Michael Patrick Leahy where he discussed the reasoning behind Tennessee Governor Bill Lee’s exclusion from a letter sent by Republican governors to President Joe Biden in regards to his administration’s “mandates” electric vehicle (EVs) mandates.

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Poll: Connecticut Voters Oppose Electric Vehicles Sales Mandates

The Center Square
EV Charging

A majority of Connecticut voters oppose a Democrat-led push to phase out the sale of gas-powered vehicles in the state, according to a new poll.

The poll commissioned by the Specialty Equipment Market Association — a trade association representing aftermarket auto manufacturers and retailers — found that nearly 60% of the voters surveyed opposed proposed legislation to phase out the sale of gas- and diesel-powered cars and trucks over the next decade.

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Number of EVs Eligible for Tax Credits Plummet as U.S. Seeks to Shrink Reliance on China’s Supply Chain

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EV VW

The number of electric vehicles (EV) that qualify for tax credits fell from 43 to 19 on Monday following new rules about the number of components in the vehicle that can be made by China and other foreign entities, according to Reuters.

On Dec. 1, 2023, the Treasury Department released guidance for which EVs are eligible for its $7,500 tax credit, requiring vehicles to have at least 60% of battery components and 50% of total critical minerals used not be from a foreign entity of concern like China starting in 2024. Vehicles that are impacted by the changes include the Volkswagen ID.4, Tesla Model 3 Rear Wheel Drive, BMW X5 xDrive 50e, Audi Q5 PHEV 55, Cadillac Lyriq and Ford E-Transit, losing eligibility for the credit, according to Reuters.

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Electric Vehicle Start-Ups Are Running Out Funds

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Rivian Truck

The trendy electric vehicle (EV) market could be in trouble as at least 18 EV and battery start-ups that went public in the last few years are running out of funds to operate, according to an analysis by The Wall Street Journal.

The trouble in the industry follows rising costs and manufacturing issues as the companies fail to compete with top EV maker Tesla and traditional automakers, with the median stock of the 43 companies reviewed dropping 80% from its peak, losing tens of billions in collective value since the companies relatively recent inception, according to the WSJ. Of those 43 EV start-ups reviewed, five have already gone bankrupt or been acquired, including Lordstown Motors, Proterra and Electric Last Mile Solutions.

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Zero Electric Vehicle Chargers Built Despite Allocation of $7.5 Billion

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Even though Congress has already allocated over $7 billion for the building of electric vehicle (EV) chargers all across the United States, there still has not been a single new charger built anywhere.

As reported by Breitbart, $7.5 billion was designated solely for the construction of EV charging stations as part of the infrastructure bill that was passed in 2021 and signed into law by Joe Biden. The bill received some Republican support, with 13 Republicans in the House and 19 in the Senate voting in favor of the bill.

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House Passes Bill Hitting Back Against Biden’s EV Agenda

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The House passed a bill Wednesday that would neutralize one of the key policies underlying the Biden administration’s electric vehicle (EV) push.

The Choice in Automobile Retail Sales (CARS) Act passed by a bipartisan vote in the legislature’s lower chamber, and it will now head to the Senate. The bill would prevent the Environmental Protection Agency (EPA) from imposing new vehicle emissions rules that either mandate the use of a specific technology or reduce the availability of new cars based on the type of engine.

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4,000 Auto Dealers Say Electric Vehicles Are ‘Stacking Up’ on Lots

The Center Square

About 4,000 auto dealers from all 50 states have signed a letter to President Joe Biden saying electric vehicles are “stacking up on our lots” as the demand for electric cars has “stalled.”

“BEVs [battery electric vehicles] are stacking up on our lots,” the auto dealers stated in the letter. “Last year, there was a lot of hope and hype about EVs. Early adopters formed an initial line and were ready to buy these vehicles as soon as we had them to sell. But that enthusiasm has stalled. Today, the supply of unsold BEVs is surging, as they are not selling nearly as fast as they are arriving at our dealerships – even with deep price cuts, manufacturer incentives, and generous government incentives.”

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Commentary: Making Climate Change a Republican Issue in 2024

Admin

Out of sheer perversity, I follow stories in the Washington Post related to weather. It matters not what the weather brings, the cause is global warming (or climate change depending on the temperature of the disaster). Having a flood? Global warming. Got a heavy snow or ice storm? Climate change. They haven’t yet figured out how to blame earthquakes on global warming, but the mainstream media will probably find a cause and effect relationship somehow.

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Luxury EV Manufacturer Loses $227,000 on Each Car It Sells

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A manufacturer of luxury electric vehicles (EVs) lost more than $227,000 on each car it sold in the third quarter.

Lucid Motors, headquartered in California, sells four EV models, ranging in price from $74,900 to $249,000, according to its website. The company reported a net loss of $630.9 million in the third quarter, excluding its overhead costs, which comes out to a loss of more than $227,000 on each car it sold, according to its financial filings and The Wall Street Journal’s calculations.

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Wisconsin Congressman Warns of Flood of Chinese Electric Vehicles

The Center Square

One of Wisconsin’s congressmen is warning about a potential Chinese strategy to corner the market on electric cars.

Congressman Mike Gallagher and other members of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party this week sent a letter to the U.S. ambassador warning China may flood the U.S. market with electric vehicles.

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Commentary: The Existential Crisis of the Big Three Automakers

Admin

The “Big Three” — Ford, General Motors, and Stellantis — have had a tough go of things lately. The recently concluded strikes by their employees were perhaps the most visible indication that all is not roses in U.S. Autoland, but there is a larger problem. That problem is summarized by the following headline from the Wall Street Journal: “Automakers Have Big Hopes for EVs; Buyers Aren’t Cooperating.”

The financial results of weak EV sales have been devastating for the Big Three. Ford reported a third-quarter operating loss of $1.3 billion in its EV division. Since it sold 20,962 EVs in the third quarter, the per-unit loss on each of those vehicles is an eye-popping $62,016. Ouch!

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Electric Vehicle Registration Fee Recharging for Next Florida Session

The Center Square

As more electric vehicles hit the highways, states are worried about fuel tax collections headed in the opposite direction.

States, including Florida, are considering or have been already enacted, annual registration fees to ensure owners of electrics pay a fair share of the cost of maintaining the roads, highways and bridges, said Doug Shinkle, who oversees the transportation program for the National Conference of State Legislatures.

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The Cost of Covering American Roads with EVs Is Raising Some Big Speed Bumps

Just the News

With the passage of the Inflation Reduction Act in 2022, the federal government boosted tax credits, hoping to help American consumers wary of the higher sticker prices for electric vehicles (EVs) to warm up to them. In a further push, in May of this year, the EPA proposed emissions standards on new vehicles that are designed to make 60% of all new vehicle sales to be electric powered by 2030.

The automotive industry responded eagerly to the push for EVs, pledging to transform large portions of their business over to electric lines. A Reuters analysis in October 2022 estimated that 37 global automakers were planning $1.2 trillion in investments in EVs, batteries and materials for the transition through 2030.

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Commentary: ‘EV’s for Everyone’ Mandates are Politically Risky and Practically Disastrous

RealClearWire

If we could imagine a time machine bringing to New York City, an American citizen from the 19th century, odds are the one thing that would seem the most amazing about our time would be the proliferation of the personal automobile. Big buildings, big cities, roads, nighttime illumination would all be imaginable, even if different looking and greater in scale. But the one thing radically different about modern daily life is the convenience and freedoms that come from a car.

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Electric and Hydrogen Vehicles May Share the Road Within Five Years After New Investments in Michigan

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Michigan’s race to increase the state’s number of Electric Vehicles and other non-gasoline fuel vehicles may have caught its second wind after a new company is seeking to invest in hydrogen storage systems. 

A subsidiary of French automotive supplier, Compagnie Plastic Omnium, is planning to invest up to $171 million at two sites in the state. 

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Commentary: Red China’s Electric Vehicle Invasion of America

Admin

Chinese Communist Party (CCP) electric vehicles (EVs) manufactured in Red China are now for sale in the U.S. They are Buick’s Envision and Sweden’s Polestar 2, with Lincoln Nautilus soon to follow. Many more Red Chinese EV brands are coming. Waiting in the wings to begin export to the U.S. are BYD Co., Li Auto, Xpeng Motors, Nio Inc., and Geely.

And, as the U.S. dismantles its combustion engine industry and all the ancillary industries to make way for EVs that Americans aren’t buying, American workers are losing jobs and suffering wage decreases. People working in repair shops, garages, gas stations, parts manufacturers, and distributors are just a few of those who will suffer.

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CCP-Linked EV Company Buys Land in Michigan for Factory

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On Tuesday, an electric vehicle (EV) company with ties to the Chinese Communist Party (CCP) announced that it had purchased 270 acres of land in the state of Michigan to build a factory for battery components.

According to the Daily Caller, the planned factory near Big Rapids, Michigan will be located roughly 100 miles away from an American military facility, and within 60 miles of military armories. The factory will be built and operated by Gotion, an EV company that could receive hundreds of millions of dollars in both state and federal grants, as well as tax incentives, to complete the project.

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Connecticut to Phase Out Fossil-Fuel Vehicles by 2035

The Center Square

Connecticut will join a handful of states in banning the sale of new fossil fuel-powered vehicles by 2035, but critics say the dramatic shift to electric vehicles will be costly for consumers and could impact energy supplies.

On Wednesday, second-term Democratic Gov. Ned Lamont rolled out new regulations that will require car manufacturers to ramp up sales of electric vehicles in Connecticut leading to a ban on the sale of new fossil fuel-powered vehicles by 2035.

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AG Ashley Moody Leads AG Coalition in Asking EV Manufacturers to Continue Installing AM Radios

The Center Square

Sixteen states attorneys have asked members of two manufacturers groups to continue to include AM radios in new electric vehicles.

In a letter led by Florida Attorney General Ashley Moody and signed by 15 other attorneys general, Moody asked the Electric Drive Transportation Association and the Zero Emission Transportation Association to continue including AM radios despite reported interference caused by electrical equipment, which hasn’t prevented some manufacturers from continuing AM radio production.

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Report Probes the Questions Policymakers Might Not Be Asking About EVs

The Center Square

Whether it’s higher vehicle costs for consumers or pressure on the electric grid, a consumer group hopes its new report gives politicians and policymakers a few questions to ponder.

The thought starters are included in Consumer Energy Alliance’s “Freedom to Fuel: Embracing Consumer Choice in the Automotive Marketplace” report, which noted it is “increasingly clear that policymakers are not fully considering all the implications of aggressively mandating EVs.”

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States Legislatures Adapt to Electric Vehicles

The Center Square

As President Joe Biden’s administration wants 50% of all new vehicle sales to be electric by 2030, some states are pushing bills to subsidize the industry. 

In an analysis of state legislatures by The Center Square staff, actions so far this year in multiple states offer recognition to the emergence of the industry – whether trying to make up tax revenue shortfalls or simply boosting the move away from gas and diesel automobiles.

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Governor Katie Hobbs Vetoes Bipartisan ATV Bill that Would Have Paved the Way for More Electric Vehicle Use in Arizona

Neil Jones

Amongst the latest batch of vetoes handed out by Arizona Governor Katie Hobbs (D) Friday was Senate Bill (SB) 1100, from Senator Frank Carroll (R-Sun City), which aimed to update the legal definition of recreational off-highway vehicles (OHV).

Specifically, this bill would have updated the maximum unladen weight of an OHV from 2,500 pounds to 3,500. Under Arizona law, a person cannot operate an OHV unless it is under the weight limit and they receive a user indicia from the Arizona Department of Transportation (ADOT) via an application and fee. Additionally, OHVs are subject to a vehicle license tax, in this case, three dollars.

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Battery Supplier Asserts: Michigan Taxpayer Subsidies Imperative for North American Supply Chain

The Center Square

Electric vehicle battery supplier Our Next Energy says taxpayer subsidies are key to “accelerating” the buildout of a North American battery supply chain, stabilizing Michigan’s grid, and declaring energy independence from China.

Deeana Ahmed, Our Next Energy’s vice president of strategy and sustainability, testified Wednesday in front of the House Appropriations Committee.

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Michigan Gov. Whitmer 2024 Budget: $10 Million for State Fleet’s Electric Vehicle Transition

The Center Square

Gov. Gretchen Whitmer’s proposed $79 billion budget aims to allocate $10 million to transition the state’s automotive fleet to electric vehicles.

The governor budgeted $318 million on EV incentives: $150 million to help school districts buy 500 electric school buses; $65 million for EV charging stations; $48 million over two years for an EV sales and use tax exemption; and $45 million for local governments and businesses to transition their fleets to EVs.

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Whitmer’s 2024 Budget Eyes $318 Million in Subsidies for Electric Vehicles

The Center Square

Gov. Gretchen Whitmer’s proposed $79 billion budget for fiscal year 2024 aims to require taxpayers subsidize electric vehicles and chargers with $318 million.

Whitmer’s mobility budget includes $160 million for capital investments in rail, bus, and marine transit service expansions, $65 million for EV charging stations, and $48 million over two years for an EV sales and use tax exemption.

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State Senate Committee Blocks Repeal of Law Linking Virginia to California Emissions Rules

Eric Burk

Senate Democrats killed legislation to repeal law that links Virginia’s emissions standards to California regulations on Tuesday, while a similar bill advanced out of committee in the House of Delegates on Wednesday.

The Senate Agriculture, Natural Resources, and Conservation Committee bundled several similar bills from Republicans into a vote on Senator Stephen Newman’s (R-Bedford) SB 779 and voted eight to seven to kill the legislation after about an hour of discussion of the bills with legislators and the public.

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Republicans Want to Untie Virginia’s Vehicle Emissions Laws From California

Eric Burk

Virginia Republicans have introduced several bills to repeal legislation that ties Virginia’s vehicle emissions rules to California’s standards. Republican efforts to repeal Democrat-passed pro-environment legislation failed in the Senate in 2022 and are likely to face the same fate this year, but Republicans are drawing new urgency from a summer 2022 move by California regulators to ban the sale of new gasoline-powered cars by 2035.

“This law, adopted during the two years when Democrats had total control of Virginia’s government, puts unelected bureaucrats from California in charge of our emission standards,” Delegate Kathy Byron (R-Bedford) wrote in a Sunday op-ed in The Richmond Times-Dispatch. “That’s not the worst thing about the new rules. The worst thing is that they just won’t work.”

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ElectraMeccanica Begins Electric Vehicle Production in New Mesa Manufacturing Facility Projected to Bring 500 Jobs

Neil Jones

Electric vehicle manufacturer ElectraMeccanica (EM) began production in its new Mesa facility Monday, which is projected to create 500 new jobs in the state and produce upwards of 20,000 cars every year.

“We are thrilled to bring production of our vehicles onshore and introduce an enhanced, U.S.-built 2023 model year SOLO EV to market,” said Susan Docherty, CEO of ElectraMeccanica. “It takes a village to do what we are doing. Bringing our manufacturing facility and vision for our company to life only works if there is a true partnership between local and state government leaders who are committed to economic development, along with solid business partners who share a vision to create products that consumers crave.”

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Hyundai and Battery Manufacturer Select Bartow County Site for $4 Billion Electric Vehicle Battery Plant

Eric Burk

Hyundai Motor Group (HMG) and SK On have selected a site for a new electric vehicle (EV) battery manufacturing plant in Bartow County. The project is expected to create 3,500 jobs with an investment of $4-5 billion, one of the largest economic development projects in Georgia history, according to a press release from the governor’s office.

“Hyundai Motor Group and SK On are valued partners and key players in our state’s ever-growing automotive industry,” Governor Brian Kemp said in a Thursday press release.  “Since day one, my administration has been focused on bringing jobs and opportunity to communities across the state that may have been overlooked in the past. SK and HMG share this goal, and we’re proud they are choosing to invest even further in this number one state for business.”

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Ohio Think Tank Asks Court to Kill EPA’s Electric Vehicle Mandate

Bradley Vasoli

Joining an effort to kill a new Biden-administration regulation to advance the manufacture of electric vehicles, the Columbus-based Buckeye Institute filed a brief against the rule in federal court last week. 

In so doing, the pro-free-market think tank joined the state of Texas and other petitioners in asking the U.S. Court of Appeals for the District of Columbia Circuit to throw out tightened greenhouse-gas emission standards. The Environmental Protection Agency designed the new standards last year to further President Joe Biden’s objective to make all newly manufactured vehicles in the U.S. electric-powered by 2030. 

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Commentary: Zero Basis Exists for the Claim That Electric Vehicles Have ‘Zero Emissions’

RealClearWire

As California, New York, and other states move to phase out the sale of gasoline-powered cars, public officials routinely echo the Biden administration’s claim that electric vehicles are a “zero emissions” solution that can significantly mitigate the effects of climate change. 

Car and energy experts, however, say there is no such thing as a zero-emissions vehicle: For now and the foreseeable future, the energy required to manufacture and power electric cars will leave a sizable carbon footprint. In some cases hybrids can be cleaner alternatives in states that depend on coal to generate electricity, and some suggest that it may be too rash to write off all internal combustion vehicles just yet. 

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Michigan Representative, GM Stump for Electric Vehicles Despite Environmental Impacts

The Center Square

A Michigan politician talked about how to boost electric vehicle adoption in a brief chat sponsored by General Motors and hosted by Axios.

Rep. Debbie Dingell, D-Ann Arbor, Michigan’s 12th Congressional District member who serves on the House Energy and Commerce Committee, touted subsidies via the Inflation Reduction Act and said that EVs are the “vehicle of the future.”

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Commentary: Gas Cars May Soon Be as Environmentally Friendly as Electric Vehicles

RealClearWire

A team of engineers from Michigan State University led by Associate Professor Annick Anctil projects that rising fuel efficiency standards for internal combustion engine (ICEV) vehicles in the U.S. could lower their greenhouse gas emissions to be close to those of electric vehicles (EVs) by 2030.

The analysis, published earlier this year in the Journal of Environmental Management, should give pause to EV-obsessed policymakers doling out lavish tax credits for purchasing EVs and banning the sale of new ICE vehicles. At least twelve states aim to phase out sales of new, gas-powered cars by 2035.

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Georgia Judge Strikes Down Part of Rivian Electric Truck Plant Deal

The Center Square

A Morgan County judge has struck down a key component of a deal to entice an electric vehicle manufacturer to build a plant in Georgia.

Earlier this year, the Georgia Department of Economic Development and the Joint Development Authority of Jasper, Morgan, Newton and Walton counties announced a deal to give incentives totaling $1.5 billion to electric vehicle manufacturer Rivian Automotive. The company plans to build a $5 billion plant at Stanton Springs North along Interstate 20 in Morgan and Newton counties.

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