Automakers warn that Biden’s drive for electric vehicles is doomed to collapse
According to two of the biggest automakers in the world, Joe Biden’s rush to adopt electric vehicles runs the risk of overwhelming the country’s charging infrastructure and causing catastrophic supply shortages.
Stellantis, the owner of Toyota and Vauxhall, charged that the President was «overly optimistic» in his pursuit of a law mandating that by 2032, two-thirds of new vehicle sales be electric.
The businesses quickly stated that they welcome the transition to low-emission vehicles, and electric vehicles in particular, but cautioned that they need consumers to purchase them and that the costs are still too high for the mass market.
The cars normally cost approximately £10,000 more than equivalent gasoline-powered counterparts, but many drivers are able to make up the difference over the course of ownership by finding cheaper charging options.
If the plans went forward, Toyota informed the US Environmental Protection Agency (EPA) that there would also be a rush to obtain the lithium and other minerals required to produce battery-powered cars.