Executives at Ford Motor Co., General Motors Co., and Stellantis are pleading with President-elect Donald Trump to preserve President Joe Biden's electric vehicle (EV) mandate. The plea comes as automakers have invested billions of dollars in EVs but have been unable to turn a profit.
In March, Biden issued federal regulations to begin phasing out gasoline-powered cars and require U.S. automakers to produce EVs, making the majority of new cars sold in the U.S. market electric by 2032. I obliged.
Since then, Ford, GM, and Stellantis have bet their futures on EVs. With American consumers uninterested in the high costs and growing problems associated with EVs, the initiative remains unprofitable and the results are bleak.
Auto company executives are now saying that Biden's They are secretly lobbying President Trump to maintain the mandate.
of new york times report:
Three major U.S. automakers, Ford, General Motors and Stellantis, are strategizing with other automakers on how to make sensitive demands of President-elect Donald J. Trump. Don't repeal federal regulations that force the industry to sell electric vehicles. [Emphasis added]
…
In fact, most automakers don't like the stricter rules introduced by Biden. But they have already invested billions of dollars in the transition to electric vehicles.And they worry that if Mr. Trump makes sudden changes as promised, they could be compromised by automakers selling cheaper gas-powered cars. They argue it will harm an industry that is the backbone of U.S. manufacturing and employs 1.1 million people. [Emphasis added]
Lobbyists and several auto company officials say automakers want Biden's regulations to remain largely intact.Several changes have been made, including longer compliance times and reduced penalties for companies that do not meet the requirements. [Emphasis added]
President Trump and Vice President-elect J.D. Vance have long been committed to repealing Biden's EV mandate, which puts hundreds of thousands of American auto jobs at risk. He pointed out that there was.
Auto company executives are urging President Trump to keep the EV mandate in place, even though going all-electric is bankrupt for their companies. business insider report Ford, GM, Stellantis and other companies are said to be planning to cut staff due to unprofitable EV promotion.
GM, for example, is investing $35 billion in EVs. Chief Executive Officer Mary Barra said in October that the company plans to be fully electric by 2035, although EVs are not yet profitable.
Similarly, Ford's EV sales have been so weak that the automaker is now offering an EV charging station and free installation with every EV purchase.
John Binder is a reporter for Breitbart News. Email jbinder@breitbart.com. Follow him on Twitter here.
