EV's to cause wealth transfer from Red to Blue regions

Behind EV Push, a Wealth Transfer From Red to Blue Regions

Federal electric vehicle mandates are being criticized as ‘class warfare’ with far reaching implications for certain parts of America.

President Joe Biden’s new EV mandates will likely prove to be a sizable wealth transfer from rural red regions of America to urban blue sections, and to wealthy Democrats who reside in them, according to reports.

On March 20, the Environmental Protection Agency (EPA) finalized its tailpipe emissions rules for the auto industry starting in 2027.

These rules are the strictest in history and will effectively force carmakers to have one-third of new car sales be plug-in electric vehicles (EVs) by 2027 and more than two-thirds by 2032.

“This isn’t industrial policy,” Robert Bryce, author and energy analyst, told The Epoch Times. “In reality it’s a type of class warfare that will prevent low- and middle-income consumers from being able to afford new cars.”

And as many traditional car buyers struggle, the federal subsidies and incentives continue to flow, to the benefit of EV buyers.

The new EPA mandate is “aimed at accommodating a very narrow segment of the auto-buying public: wealthy, white Democrats who live in a handful of liberal communities,” Mr. Bryce said. “EV ownership is largely defined by class, ideology, and geography.”

Epoch Times