More than 3,000 auto dealers sign letter against Biden’s electric vehicle mandate
A coalition of more than 3,000 auto dealers across the country is sending an open letter to President Biden, calling on him to “pump on the brakes” on his administration’s aggressive push for electric vehicles (EV).
The coalition — which includes dealers located in all 50 states and who collectively sell all major car brands — is specifically targeting tailpipe emissions standards issued by the Biden administration earlier this year that are the most aggressive federal regulations of their kind ever issued. Under regulations proposed by the Environmental Protection Agency (EPA), the majority of new vehicle purchases will be electric within a decade.
“These vehicles are ideal for many people, and we believe their appeal will grow over time,” the dealers wrote in their letter to Biden on Tuesday. “However, the reality is that demand for electric vehicles today is not keeping up with the large influx of battery electric vehicles arriving at our dealers due to current regulations. Battery electric vehicles are backlogged on our lot.”
“Last year, there was a lot of hope and hype about electric cars,” the letter continued. “Early adopters formed an initial line and were willing to buy these vehicles as soon as we sold them. But that enthusiasm has died down. Today, the supply of unsold battery electric vehicles is growing, as they are not selling as quickly as they are currently selling.” Reach our dealers – even with deep price cuts, manufacturer incentives, and generous government incentives.”
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They added that while the goals of the EPA regulations are admirable, they are also “unrealistic based on current and projected customer demand.” Traders also noted that the best indicator of customer demand in the auto market is how EVs stack up in their lots.
The letter also noted that there are several issues facing the electric vehicle industry such as lack of charging infrastructure, unstable power grid, and lack of reliable mineral supplies that are vital for electric vehicle batteries.
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“Mr. President, it is time to stop the unrealistic government mandate for electric vehicles. Allow time for battery technology to advance. Allow time to make battery electric vehicles more affordable. Allow time to develop domestic sources of the minerals needed to make batteries,” the letter stated.
“Allowing time to build charging infrastructure and prove its reliability. Most important of all, time for the American consumer to get used to the technology and choose to purchase an electric vehicle.”
The EPA’s exhaust regulations, unveiled in a joint announcement with the White House in April, will affect vehicle model years from 2027 through 2032, and are designed to improve air quality and reduce greenhouse gas emissions in the United States. According to the White House, under the regulations, 67% of purchases of new sedans, crossovers, SUVs, and light trucks, up to 50% of purchases of buses and garbage trucks, 35% of purchases of short-haul pickup trucks, and 25% of purchases of long-haul trucks – Purchases of freight tractors could become electric by 2032.
Biden previously set a goal of ensuring 50% of… Electric vehicle purchases By 2030. The White House said the rules would provide a “clear path for a continued rise in electric vehicle sales.”
“With the mandates they put in place, they’re forcing the consumer to buy something they don’t want,” said Tom Mawley, one of the letter’s signatories and founder of the New Jersey-based auto group Celebrity Motor Cars. Multiple Agents – in an interview with Fox News Digital. “Consumers are not buying into the electric vehicle market right now because of the lack of infrastructure, they are concerned about range, and purchasing a vehicle is 20 to 30% more.”
He continued: “Even with the incentives offered by manufacturers and provided by the government, consumers do not want to buy them.” “The president needs to step back from the mandates and let the river take its course. EVs will survive, and they will be part of the market. But they need to let the consumer decide what car they want, and how they’re going to go.” “To get around their families and where they’re going to spend their money.”
Gas-powered vehicles will account for 93% of all new vehicle sales in 2022, according to a report from the Automotive Innovation Alliance. Electric vehicles remain much more expensive and less efficient than alternatives. Additionally, experts have warned that switching too quickly to electric vehicles could pose a national security risk given China’s dominance of the global electric vehicle industry.
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According to the International Energy Agency (IEA), for example, China produces approx 75% of all lithium-ion batteries, a key component in electric vehicles worldwide. The country also owns 70% of the production capacity for cathodes and 85% for anodes, which are two major parts of these batteries.
In addition, more than 50% of lithium, cobalt and graphite processing and refining capacity is in China, IEA data show. These three important metals, along with copper and nickel, are vital to electric vehicle batteries and other green energy technologies. Chinese investment firms have also been aggressive Buying shares in African mines In recent years to ensure strict control over metal production.