Ford Motor Company recently announced it’s set to lose more than $6 billion on its latest electric vehicle plants while it gets them running, with the company CEO saying “we cannot continue to import batteries and rare earth from overseas.”
“We can build all the plants, but what’s the good if we’re importing batteries?” he continued, highlighting U.S. mine closures and global shortages of the rare earths required for the batteries that power these cars.
Joe Biden declared war on fossil fuels on his first day in office. The federal government has adopted numerous policies to swiftly move our nation away from gas-powered vehicles to all-electric ones.
Yet the Biden administration appears entirely unaware of the hard realities of such a major infrastructure shift. In a recent congressional hearing, Biden Interior Secretary Deb Haaland couldn’t answer basic questions about the dearth of crucial materials for EVs due to foreign monopolies on mining and the administration’s antipathy to U.S. energy independence.
This is important.
The Biden administration is trying to force Americans into electric cars that we don’t have the materials for, while Biden’s interior secretary Deb Haaland is blocking Americans from mining those materials.
Alarming she doesn’t understand that empowers China https://t.co/mGzDJ3cPBF
— Matt Whitlock (@mattdizwhitlock) March 28, 2023
Due to government subsidies and regulations, electric car manufacturers are popping up in the U.S. to construct multibillion-dollar assembly plants planned to turn out 150,000 to 250,000 electric vehicles (EVs) per year. Electric battery plants are co-locating to produce the massive batteries
