WASHINGTON (TND) — The Biden administration is pushing for tougher vehicle emission standards that the auto industry experts say will only raise the price of all vehicles at a time when we're at sky-high inflation. Most Americans say they're not in the market for an electric vehicle.
Executive Vice President of the National Taxpayers Union Brandon Arnold joined The National Desk’s Jan Jeffcoat Thursday morning to discuss the issue.
“We've already seen a trend line where a lot of Americans more and more Americans are purchasing EVs and that's fine,” he said. “But a lot of people are still wanting to drive traditional combustible gasoline engines.”
Arnold says that if these rules do take effect, people are going to find not only scarcity in the EV market but also in the traditional vehicle market.
The administration calling for new rules that would require at least 54% of all new car sales in the US to be electric by 2030.
“As they move away from these vehicles, demand is still going to exist and prices are going to skyrocket more than they already have,” he said. “Anyone who's been in the car market over the past three or so years knows that it is out of control for both new and used.”