BIDEN’S ELECTRIC VEHICLE MANDATES ARE DESTROYING GOOD AMERICAN JOBS… WSJ EDITORIAL BOARD: The False ‘Green Jobs’ Promise
‘Folks, when I think about climate change—and I’ve been saying this for three years—I think jobs,” President Biden said Wednesday. Then why is Ford Motor Co. planning to lay off thousands of workers to fund its government-mandated electric vehicles?
Bloomberg broke the news Wednesday that the Detroit auto maker is preparing to slash as many as 8,000 jobs to boost the company’s profits to finance its EVs that are struggling to make money. Ford plans to spend $50 billion to make two million EVs annually by 2026, which is a steep ramp-up from the 27,140 it sold last year. […]
The Biden Administration recently finalized new greenhouse-gas emission standards that are a de facto EV mandate. Traditional auto makers will have no choice but to churn out more EVs or buy credits from EV makers such as Tesla and Rivian. California has banned the sale of new gas-powered cars by 2035, and other states are following.
EARLIER THIS WEEK… BIDEN ADMIN IS PREPARING TO TAKE CONTROL OF VEHICLE MANUFACTURING DECISIONS… NYT: Trying to Salvage His Climate Agenda, Biden Weighs Remaining Options
Next year, the Environmental Protection