AEA to GM: Best of Luck

Since taxpayers should not be responsible for the automaker’s corporate goals, AEA invites GM’s support in eliminating government subsidies and mandates for EVs.

WASHINGTON DC (January 29, 2021) – The American Energy Alliance (AEA) is the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization. Thomas Pyle, AEA’s president, released the following statement in response to yesterday’s announcement by GM, the nation’s largest automobile manufacturer, that it aspired to convert all of its light-duty vehicle sales to come from electric vehicles by 2035:

“GM’s announcement makes it clear that the company sees consumer preference for electric vehicles as inevitable, and they are sending a strong message to their shareholders, institutional investors, competitors, consumers, and the government, that subsidies and mandates for electric vehicles and bans on competing products like gasoline-powered vehicles are unnecessary, unwelcome, and counterproductive to their efforts.

“GM is a publicly traded business and is making a strategic, calculated market decision. In no way should any taxpayer be responsible for GM’s ability to achieve – or fail to achieve – their corporate goal of an all-electric light duty fleet by 2035.

“We look forward to working with GM to get the government out of the automobile manufacturing business and empower consumers – rather than bureaucrats – to decide what kind of cars they want to buy, own, and drive. We wish GM the best of luck.”

It is worth noting that GM has also indicated that it expects to rely on the private market to invest in carbon credits or offsets to meet some of their aspirational goals. The company stated that it “will assess credit and offset solutions in the coming years as the most efficient, equitable and inclusive ideas mature.”

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