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With slower than expected sales in electric vehicles, automakers are questioning their multibillion-dollar investments in new factories and raising doubts about the effectiveness of Biden’s federal incentives. General Motors delayed plans to expand its electric pickup truck production at a plant in suburban Detroit, and canceled a program with Honda to sell electric vehicles for around $30,000. Ford paused […]
The green transition is pushing electric vehicles upon the American public as it is believed that they are less greenhouse gas intensive than gasoline vehicles. Electric vehicles, however, require lithium-ion batteries that have issues regarding greenhouse gas emissions during the mining and processing of the raw materials needed and the disposal of the batteries at […]
Minor damage to an electric vehicle battery pack can lead to the entire car being totaled, leaving the expensive battery packs piling up in the scrapyard and causing higher insurance premiums. With no way to repair or assess slightly damaged battery packs after accidents, electric vehicles can lose up to 50 percent of their price, rendering it […]
A recent study by the Anderson Economic Group found the cost to fuel certain electric vehicles to be higher than similar gasoline-powered cars for the first time in 18 months. In the fourth quarter of 2022, drivers fueling a typical mid-priced Internal Combustion Engine (ICE) car paid $11.29 to fuel their vehicle for 100 miles of driving. That […]
Electric car manufacturers in Europe are slowing down production because battery cars have proven too expensive for the middle class and the supply of lithium for their batteries is too uncertain. Production in Europe this year is expected to be 12 million cars—a million less than previous estimates. Tesla, for example, is cutting prices to boost […]
To Senator Manchin’s dismay, Biden’s Treasury Department is allowing the tax credit for electric vehicles to be claimed if the vehicle is leased regardless of where the battery components and vehicle were manufactured. The intent of the Inflation Reduction Act was for the tax credit to be applied to electric vehicles that were manufactured from components made […]
Without water and electricity for a week or more, residents in Southwest Florida felt like they were in a war zone. Despite waiting for hours for a fill-up or to obtain gas for generators, motorists were thankful they had an internal combustion engine vehicle because electric vehicle owners without power could not charge their vehicles […]
Automakers are raising prices on their electric vehicles due to rising commodity costs, specifically for key materials needed for EV batteries. According to the International Energy Agency, while battery costs have been declining for a decade, EV battery costs are expected to increase 14 percent this year to $150 per kilowatt hour. Another firm expects the […]
Nickel prices have skyrocketed with Russia’s invasion of Ukraine due to fears that Russian supplies may be cut off. The disruption is causing supply problems for carmakers and others that need the metal. Nickel prices surged in the middle of March after which trading was temporarily suspended for several days and new restrictions were applied […]
On this episode of The Unregulated Podcast, Tom Pyle and Mike McKenna discuss this week’s headlines and the arrival of an unexpected ally in the fight against Biden’s Build Back Beter. Links Props to Bob Costas Hispanic Voters Now Evenly Split Between Parties, WSJ Poll Finds Biden Nominee Withdraws Name to Lead OCC Banking Watchdog […]
