Recently, Joe Biden has made significant changes to the American auto industry, moving from incentivizing to enforcing policies. This shift has led to stringent emissions limits for all vehicles, with the aim of having 67 percent of new cars and trucks be electric within nine years.
This move towards greater government control over manufacturing and commerce in major sectors has drawn comparisons to fascist practices from the past, now packaged as the Green New Deal. By mandating the production of electric cars, the administration is forcing automakers to create vehicles that are considered substandard, technologically regressive, overpriced, and unpopular.
Additionally, Biden has imposed large tariffs on imports, further burdening taxpayers and increasing costs for consumers. These tariffs extend to Chinese steel, aluminum, semiconductors, and electric vehicle components, impacting both manufacturers and consumers.
The administration’s push for electric vehicles has resulted in significant financial losses for carmakers, with some losing thousands of dollars for each vehicle sold. Despite these setbacks, the government continues to promote and subsidize the production of electric vehicles, leading to a skewed market environment.
Overall, these policies appear to be more about corporate bailouts and political posturing than creating a sustainable and competitive automotive industry. By imposing tariffs and pushing for unrealistic goals, the government is hindering innovation and burdening consumers and businesses with increased costs. Instead of incentivizing the production of unprofitable products, the focus should be on fostering a competitive market where companies can thrive without government intervention.
