Democrats’ highly expensive environmental policies have been developed without any meaningful strategic thinking or analyses about raw materials and geopolitics.
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 […]
Read the Whole Article From the Source: thefederalist.com
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