Robinette Hood: Here’s How Biden’s EV Agenda Will Take From The Poor And Give To The Rich

CEI’s Marlo Lewis is cited on Daily Caller on the Biden EV Agenda:

“As the mandated market share of EVs grows, the number of ICE vehicle sales must shrink. A decreasing number of ICE vehicle sales would have to prop up an increasing number of EV sales. The price hike per ICE vehicle would have to increase to offset losses on the ever-larger volume EVs sold,” Marlo Lewis, a senior fellow for the Competitive Enterprise Institute, told the DCNF. “Used cars compete with new cars for customers. If new car prices rise, so will used car prices. Even with generous federal, state, and manufacturer incentives, EVs cost thousands of dollars more than comparable ICE vehicles, and millions of middle-income households are already priced out of the market for new vehicles.”

Read the full article on Daily Caller.