5333 private links
President Joe Biden’s latest push for electric vehicles is reminiscent of a soliloquy by Don Quixote: short on facts, long on rhetoric, and filled with unrealistic expectations. Sadly, though, Biden’s policy mistakes are moving beyond fiction to a reality that confines consumers to cars that are unaffordable and unwanted.
Like Don Quixote tilting at harmless windmills he thinks are giants, Biden is attacking American energy and the auto industry for daring to use fossil fuels. And as Don Quixote went from quest to quest attempting to free imaginary prisoners, Biden is hellbent on freeing Americans from the imaginary captivity of their reliable, safe, flexible, and economical gasoline- and diesel-fueled engines.
That disconnect from reality perfectly encapsulates Biden’s energy policy. His Environmental Protection Agency recently proposed such strict regulations for cars and trucks that effectively mean that 54% of new vehicles sold domestically must be electric vehicles, or EVs, by 2030.
Even if Biden managed a 500% increase in EV sales by the end of the decade, he’d still fall woefully short of his goal. The only conceivable way to make half of new vehicle sales EVs by 2030 would be if Americans were so poor that they could afford few new cars, and thus the small number of electric vehicles still could amount to half of all new vehicles. That’s right out of Mao’s Great Leap Forward.
Just from the standpoint of raw materials, Biden’s EV goal is fictitious. We simply can’t get the needed materials in sufficient volume in time. Furthermore, the schizophrenic energy policy of this administration simultaneously is ramping up demand for those raw materials while hamstringing the supply. Biden continues blocking mining of lithium, graphite, nickel, and rare earth metals.
That’s inexplicable, since Biden’s green energy transition would increase demand for those materials by 4,200%, 2,500%, 1,900%, and 700%, respectively, in less than 20 years.
But when you consider that “it has taken on average over 16 years to move mining projects from discovery to first production,” then Biden’s proposals aren’t unachievable—they’re laughable.
And from where does Biden think the electricity to power these electric vehicles will come? The strained electrical grid already has brownouts and blackouts in parts of the country and couldn’t handle millions more EVs, especially when Biden also is blocking copper mining, the main ingredient in electrical wires.
The grid’s transmission capacity would need to grow 60% in less than seven years and grow 200% in less than 30 years. And this is just the grid infrastructure, not what would be needed to power it.