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Carney on ‘Kudlow’: Electric Vehicles Are Pushing Up Auto Insurance Prices

The Biden administration’s push for electric vehicles (EVs) is exacerbating the country’s inflationary woes by driving up the price of auto insurance, Breitbart Economics Editor John Carney said in a Thursday interview with Fox Business host Larry Kudlow.

Kudlow noted that the Biden administration’s new environmental rule aimed at eliminating gas-powered vehicles is “inflationary” in practice.

“You wipe out gas-powered cars and stick EVs in, that is inflationary. You get nothing but higher prices for everything across the board,” he said.

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