Insurers warn Biden's new electric vehicle proposal will increase premiums as batteries cannot be repaired
Jason Hayes, Michigan's Mackinac Center's director of energy and environmental policy, says EV batteries cannot be repaired, leading to higher insurance premiums.
The Biden administration unveiled the most aggressive tailpipe emissions ever crafted as part of its sweeping climate agenda and efforts to push Americans to buy electric vehicles (EV).
The vehicle pollution standards, proposed Wednesday by the Environmental Protection Agency (EPA) and announced by the White House, will impact car model years 2027 through 2032. The White House said the regulations would "protect public health" by achieving carbon emission reductions of nearly 10 billion tons by 2055 and would save consumers an average of $12,000 over the lifetime of vehicles.
"Cars and truck manufacturers have made clear that the future of transportation is electric," the White House stated in a fact sheet. "The market is moving."
"As a car enthusiast and self-proclaimed car guy, President Biden is seizing the moment," it continued. "His Investing in America agenda is expanding domestic manufacturing and accelerating adoption of zero-emission vehicles, including battery electric, plug-in hybrid electric, and fuel cell electric vehicles."
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President Biden makes his entrance at General Motors' Factory ZERO electric vehicle assembly plant in Detroit, Michigan, on Nov. 21, 2021. (Nic Antaya/Getty Images)
The administration also projected the sweeping measures would "accelerate the clean vehicle transition" and reduce oil imports by 20 billion barrels. Critics have argued tougher tailpipe emissions standards for traditional gas-powered cars mainly serve to increase prices to ensure they are cost competitive with expensive electric alternatives.
Overall, if the regulations are finalized, a staggering 67% of new sedan, crossover, SUV and light truck purchases could be electric by 2032, the White House projected. In addition, up to 50% of bus and garbage truck, 35% of short-haul freight tractor and 25% of long-haul freight tractor purchases could be electric by then.
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Biden previously set a goal of ensuring 50% of car purchases are electric by 2030. The White House said the rules Wednesday would provide a "clear pathway for a continued rise in EV sales."
"The Biden administration is trying to bend every federal rule they can find to force people into buying EVs," said Myron Ebell, the director of the Competitive Enterprise Institute's Center for Energy and Environment. "There is still a market that allows drivers to buy the vehicles of their choice, but government coercion is rapidly limiting those choices."
"If Biden policies are successful, we will soon have a choice between buying an EV and not being able to afford a vehicle at all," Ebell added.
Environmental Protection Agency Administrator Michael Regan said Wednesday the aggressive standards are "readily achievable thanks to President Biden’s Investing in America agenda." (Joshua Roberts/Getty Images)
Gas-powered cars represented 93% of all new car sales in 2022, according to a recent report from the Alliance for Automotive Innovation. And EVs remain far more expensive and less efficient than alternatives.
Overall, the average cost of an EV was $64,338 while the average cost of a compact gas-powered car was $26,101 as of last year, according to Kelley Blue Book. In addition, the Department of Energy reported that the average range of model year 2021 gasoline vehicles was 403 miles compared to the median 234-mile range of model year 2021 EVs.
And Republican lawmakers also blasted the rule after it was first reported by various news outlets last week.
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"Yet another draconian rule from the Biden Admin," Rep. Dan Newhouse, R-Wash., said. "From gas stoves to vehicles, their anti-American energy policies put our nation on a dangerous path. It's time for the government to stop over-regulating our lives and protect our energy independence."
"Biden's radical EPA is trying to regulate your car's engine into OBLIVION. Enough energy fantasies," Rep. Chip Roy, R-Texas, tweeted. "[The House GOP] MUST use the power of the purse to END the weaponization of the federal bureaucracy. Slashing EPA's funding should be at the top of the list.
In August 2021, President Biden signed an executive order, requiring the EPA to introduce fuel efficiency and emissions standards to "tackle the climate crisis." Months later, in a move reversing a Trump administration rule, the EPA finalized greenhouse gas emissions standards for vehicles made between 2023 and 2026, regulations the agency billed at the time as the "most ambitious" rules of their kind.
