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Biden’s plan to wipe out gas vehicles suffering crushing backlash

&NewLine;<p>You cannot fault the guy for trying&period;&nbsp&semi; Nothing in President Biden’s political agenda has gotten more push from him than his plan to clear the roads of gas vehicles&period;&nbsp&semi; He is driven by a belief that dinosaurs – or at least their remains – are an existential threat to humans&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>To pursue his agenda&comma; Biden has cut the production of oil to force the conversation by running up gas prices – including shutting down the Keystone Pipeline&period;&nbsp&semi; He is using massive amounts of taxpayer money to subsidize manufacturing of all-electric vehicles – and offering huge rebates to purchasers of electric cars&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Biden sells his all-electric program as the only way to stop humanity from going extinct on a planet he foresees to be hotter than Death Valley at high noon&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The problem is that despite all his efforts&comma; the consuming public is not buying it – neither electric cars nor Biden’s Draconian sales pitch&period;&nbsp&semi; All electric vehicles currently represent just under 6 percent of the American car market&period;&nbsp&semi; That is very bad news for Ford&comma; GM and Rivian&period;&nbsp&semi; Combined they comprise only 17&period;4 percent of the American market&period;&nbsp&semi; Elon Musk’s Tesla brand has 60 percent&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>If you look at it in terms of numbers&comma; Tesla sold more than 155&comma;000 electric cars in the First Quarter of 2023&period;&nbsp&semi; GM sold 19&comma;000 … Rivian 11&comma;000 … and Ford 13&comma;000&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Also&comma; Ford announced that it is cutting back on the size and production numbers of their new plant in Marshall&comma; Michigan due to low demand and higher costs&period;&nbsp&semi; The Company is reducing its investment by &dollar;1&period;7 billion … cutting the production by 40 percent … and cutting employment by 1700 jobs&period;&nbsp&semi; Ford is also cutting &dollar;12 billion dollars in other electric vehicle investments – including a proposed battery plant in Kentucky&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In terms of Tesla&comma; Biden appears to have put politics over his own electrification program&period;&nbsp&semi; He does not like Elon Musk&period;&nbsp&semi; In fact&comma; when Biden invited the major electric vehicle manufactures to the White House for a publicity event&comma; he did not invite Musk – America’s number one electric vehicle manufacturer&period; &nbsp&semi;&nbsp&semi;Apparently&comma; the problem stems from Musk’s more conservative philosophy and the fact that his cars are manufactured in non-union factories&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Biden crafted the tax credits in his misnamed Inflation Reduction Act to cut out Tesla&period;&nbsp&semi; There is a &dollar;7500 per vehicle tax credit for all manufacturers and a bonus of &dollar;4000 for vehicles produced in union shops&period;&nbsp&semi; That includes all American manufactures – except Tesla&period;&nbsp&semi; If that has cut into Tesla sales&comma; it is hard to see evidence if it&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Just recently more than 3&comma;800 car dealers from every state – and representing every brand – issued an open letter to Biden expressing their opposition to regulations mandating the production and distribution of electric vehicles&period;&nbsp&semi; They said that they are having trouble selling them because of lack of infrastructure&comma; ineffective incentives and little consumer demand&period;&nbsp&semi; They said that &OpenCurlyDoubleQuote;consumers are not ready” for electric vehicles&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>The dealers urged Biden to adopt more flexible regulations – meaning scraping a lot of them – and taking a more &OpenCurlyDoubleQuote;market-driven” approach&period;&nbsp&semi; This is the classic issue between free-market conservative and progressive governance by imposed regulations and market manipulating tax incentives&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>While Biden and the United Auto Workers leadership are patting each other on the back over the strike settlement&period;&nbsp&semi; However&comma; the folks working on the line are fully aware of the fact that all electric vehicles require less production&period;&nbsp&semi; The conversion will cost jobs – lots of jobs&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>It would now appear that Biden’s hope of replacing gas cars with electric by 2050 is going to be dashed&period;&nbsp&semi; It is unlikely that gas cars will be completely replaced by 2070 … 2080&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>There will come a time when we transition away from fossil fuel for cars – and almost everything else&period;&nbsp&semi; That is more likely to happen when Mother Earth starts to run out of fossil fuel&comma; rather than any forced government program&period;&nbsp&semi;&nbsp&semi; But that is a looong way off&period; &nbsp&semi;Reports of the extinction of the gas guzzling dinosaurs that dominate the earth today is premature&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>So&comma; there &OpenCurlyQuote;tis&period;<&sol;p>&NewLine;

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