Toyota admits the truth: Biden’s electric vehicle push is doomed to failure

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via YAHOO:

Joe Biden’s race to embrace electric vehicles risks overwhelming US charging infrastructure and creating disastrous supply shortages, two of the world’s biggest carmakers have said.

Toyota and Vauxhall owner Stellantis accused the President of being “overly optimistic” in his push for a rule that would require two thirds of new vehicle sales to be electric by 2032.

The companies were quick to point out that they support a move to low-emissions vehicles and electric cars in particular but warned that they need customers to buy them and that costs are still too high for the mass market.

The cars typically cost about £10,000 more than comparable petrol-burning versions, with many drivers able to recoup the difference through cheaper charging over the life of the vehicle.

See also  Fast food now a ‘luxury’ for 80% of Americans under Biden’s policies.

Toyota warned the US Environmental Protection Agency (EPA) that there would also be a rush to secure lithium and other minerals needed to make battery-powered cars if the plans went ahead.

 


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