Brandon is fine with mining for the materials for EV batteries, which actually often leaves a nice environmental mess, to be able to build vehicles which the average American won’t be able to afford, but, not OK with drilling for oil and natural gas
Biden invokes Defense Production Act for EV battery materials: How it impacts automakers
President Joe Biden said Thursday he will invoke the Defense Production Act to boost domestic mining and production of key minerals used in electric vehicles, a big move to help the Detroit automakers transition to EVs.
It was part of a broader announcement addressing gasoline prices.
The move means that battery materials will be added to the list of items covered by the 1950 act, which former President Harry Truman invoked to make steel for the Korean War and which President Donald Trump called on to boost mask production amid the COVID-19 pandemic.
“We need to end our long-term reliance on China and other countries to supply the inputs” used in U.S. electric vehicles, Biden said.
By invoking the Defense Production Act to provide incentives for companies to mine and process more minerals for EVs, it will help the U.S. tackle climate change and it will lead to the creation of new jobs.
“It will also save your family money,” Biden said, citing studies that indicate a typical driver will save about $80 a month by not having to pay for fuel.
First, Brandon is correct that the U.S. needs to produce our own materials, instead of depending on China and other nations. We should be doing that with oil and natural gas.
Second, technically you would save money by not having to pay for gas, it’s just that you’ll pay a heck of a lot more for the vehicle, so, those savings will be way, way wiped out.
Third, you can bet that the enviroweenies will sue, protest, blockade, have sit ins, etc, to stop the mining of the metals. Because that’s what they do.
Bailo agreed that Biden’s move will likely create jobs as more mining companies spring up. It will also bring down the cost of shipping, but compared with the cost of raw materials, logistics expenses are “a drop in the bucket.”
That means the sticker price on EVs won’t go down for car buyers in the near term.
“It makes sense on paper to control the supply chain, but it doesn’t mean it’ll help the consumer,” said Joe McCabe, CEO of auto industry advisory firm AutoForecast Solutions. “It’s going to help lower the manufacturing costs, which will help the profit margins of the electric vehicle manufacturers. But we’re still trying to convince a consumer to spend $50,000 and much more on electric vehicles.”
Doesn’t matter: the enviroweenies will get a friendly judge to block this, and it’ll be tied up in litigation for years.
*Info on Biden’s fossil fueled limo, which would be accompanied by around 18 other fossil fueled vehicles.
Read up on Thacker Pass, Nevada.
Might be the largest lithium deposit in North America, and the Left will probably not let it be developed.
But the long-term reliance on China to fill the coffers of Biden Grifters Inc. “we” will continue to ignore.
#LetsGoBrandon
#FuckJoeBiden
Bwaha! Lolgf
Forget lithium; we’re going straight for dilithium crystals!
FASCISM!!!
Who are we at war with? Is he suggesting that we are at war with cars?
Either way… he needs to be deposed.
Well at least he didn’t invoke the defense production act for illegal aliens claiming we didn’t have enough criminals, rapists, drug addicts, and MS-13 murderous gang members flooding into our country via the wide-open southern border which the VP of the USA is in charge of handling.
I am all about doing anything we can to rid ourselves of China. Ima thinking he should be doing that with CHIPS too. I know Intell said they were gonna build ONE (1) plant in the USA which will make up for about 10 percent of our chip needs.
But who am I to quibble with the smartest man on the planet. Diaper Joe Biden and his gang of HUGGIES.
Teach are you suggesting that the “average” American can buy new a new car They don’t they buy used
The Ford Lightning costs about the same as a comparable F150. Well over 200000 unaverage Americans have already put deposits on them knowing it could be a 3 year wait (until Ford is able to build enough new factories)
Of course that ” average” American that you say can’t afford an EV paid a median of 7500 in fed income tax. Which would wipe out his tax payment to “Los federales” with the EV tax rebate
The global price for gas has increased. We pay the global price plus taxes, domestic oil production has little impact. Oil is sold only at a discount to USA customers, from Canada because they have no pipeline to the global market only to the US domstic market from Keystone pipeline.. Of course that would end if the Keystone XL was finished and then the USA refiners would have to pay more for Canada’s oil ( or bitumen distilate)