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Insurers warn Biden's new electric vehicle proposal will increase premiums as batteries cannot be repaired
Jason Hayes, Michigan's Mackinac Center's director of energy and environmental policy, says EV batteries cannot be repaired, leading to higher insurance premiums.
"First President Biden came for our gas stoves," Senate Energy and Natural Resources Committee ranking member John Barrasso, R-Wyo., said in a statement shared with Fox News Digital. "Now he wants to ban the cars we drive."
"His misguided policies are hurting American families while helping China," he continued. "The president’s disastrous energy transition is making us more reliant on our enemies while driving up prices for Americans. The ‘electrification of everything’ is not a solution. It’s a road to higher prices and fewer choices."
The tailpipe emissions rules will impact car model years 2027 through 2032. The regulations require automakers to ensure a massive 56% greenhouse gas emissions reduction in 2032 vehicles compared to 2026 models, likely forcing companies to produce electric alternatives more rapidly.
According to the White House, if the regulations are finalized, a staggering 67% of new sedan, crossover, SUV and light truck purchases could be electric by 2032, the White House projected. In addition, up to 50% of bus and garbage trucks, 35% of short-haul freight tractor and 25% of long-haul freight tractor purchases could be electric in less than a decade.
EPA Administrator Michael Regan said the regulations were the most ambitious pollution standards ever for cars and trucks. He added that the rules would secure "critical reductions in dangerous air and climate pollution."
"These misguided emissions standards were made without considering the supply chain challenges American automakers are still facing, the lack of sufficiently operational electric vehicle charging infrastructure, or the fact that it takes nearly a decade to permit a mine to extract the minerals needed to make electric vehicles, forcing businesses to look to China for these raw materials," she continued.
"They also did not consider that the average price of an electric vehicle was roughly $65,000 last year, more than the household income of 46% of American families," Capito added.
I only took bits from the story."This deeply flawed proposal is a major step toward a ban on the vehicles Americans rely on," American Petroleum Institute President and CEO Mike Sommers said in a statement. "As proposed, this rule will hurt consumers with higher costs and greater reliance on unstable foreign supply chains."
Going as fast as they want with this, isn't going to help. Car makers force to rush new cars and they will make errors building and designing them. Getting rid of junk batteries could turn into a nightmare.