Color us not surprised, but another one of the Biden administration’s “visions” for forcing people to own electric vehicles isn’t working out exactly as planned.
This time it deals with supply chain logistics, with Bloomberg reporting this week that in the year and a half since passing the Inflation Reduction Act, automakers are finding out the hard way that the rigorous criteria for manufacturing batteries using materials from the United States and its free-trade allies could render them cost-inefficient compared to global competitors.
Companies like Tesla are instead taking advantage of a temporary shift in the rules to stock up with cheaper batteries from countries like China.
TOLD YA !! GAS / OIL / COAL NOT GOING ANYWHERE / DEMOCRATS ARE ( to HELL )
Evs will bankrupt the WOKE companies who make them !!! WOKE GO BROKE