US Government Law Supercharged EV Manufacturing But Not EV Buying

Washington DC November 14, 2023; The First Up News From AIADA reported that President Biden’s signature climate law has stimulated a surge of investment in electric vehicle production across the country, including tens of billions of dollars on battery plants across the South and new assembly lines near the Great Lakes.

Based on early evidence, it is succeeding at a goal that economists have long considered difficult and costly: using the power of government to destabilize the marketplace and choose the alt fuel winner and subsidize a new industry.

According to The New York Times, that growth could prove crucial for the other side of the electric vehicle equation: enticing more consumers to buy them. That’s because Mr. Biden’s law effectively hitches the future affordability of electric vehicles to automakers’ willingness to source and build them in the United States.

But up until now, the taxpayer giveaway climate law has not drastically affected trends in electric vehicle sales. Even with the unrepresented EV PR blitz, unrealistic EV fairy-tales and upmarket welfare, American motorists are estimated to buy qualified made in USA EV's or lease loophole made everywhere EV at an undramatic rate of less than one million electric cars and trucks this year, continuing the steady trend of increased market share for electric vehicles that began years ago. Click here for the full story