By Jonathan A. Lesser and Mark P. Mills, March 26, 2024

The overhaul of electrical grids and distribution would require labor and resources we don’t have.

The futurists at the Environmental Protection Agency are confident that electric vehicles will soon become cheap, reliable and easy to fuel. That’s the main bet in the agency’s new standard for carbon-dioxide emissions, released last week. Critics have rightly called the rule a backdoor EV mandate. The EPA admits it can be met only if EVs compose well above half of new vehicle sales by 2032.

That isn’t happening anytime soon. EVs are a niche product, used mostly by high-income urban consumers with garages. Electric cars accounted for shy of 8% of new auto sales last year and drained billions from automakers’ profits. It isn’t unreasonable for EV aficionados to hope for more business as technology progresses and, perhaps, as low-cost Chinese EVs flood the market. Whether…

Read the rest of the article on the Wall Street Journal


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