The Biden administration’s push for electric vehicles is exacerbating the country’s inflationary woes by driving up the price of auto insurance, Breitbart Economics Editor John CarneyKudlow noted that the Biden administration’s new environmental rule aimed at eliminating gas-powered vehicles is “inflationary” in practice.
“So, you’re going to see that auto insurance number keep climbing,” he continued. “I’m told by people in auto insurance that that’s been one of the drivers of why auto insurance inflation is so high because it’s so much more expensive to repair a car today than it was 10 years ago.
Biden’s latest EV ruling follows former President Donald Trump’s dire warning about China’s efforts to destroy the U.S. auto industry in a “bloodbath” if the Biden administration allows the communist regime to bypass tariffs and flood the U.S. market with cheap EVs.
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مصدر: BreitbartNews - 🏆 610. / 51 اقرأ أكثر »
Go Green: Hertz Replacing CEO After Bet on Electric Vehicles Falls ApartSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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Legacy Automakers Face Existential Transition as Electric Vehicles Take Center StageToo late, legacy automakers across the globe are undergoing demanding examinations of their business models.
مصدر: cleantechnica - 🏆 565. / 51 اقرأ أكثر »
Bentley Motors Delays Transition to All-Electric VehiclesBentley Motors is pushing back its plans to transition to all-electric vehicles by a couple of years amid changes in market conditions and a delay in its first EV. CEO Adrian Hallmark said the carmaker remains committed to carbon neutrality and exclusively offering EVs, but it now plans to continue offering plug-in hybrids past 2030.
مصدر: NBCPhiladelphia - 🏆 569. / 51 اقرأ أكثر »