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.