In a move that is certain to be challenged in the courts, the Biden Environmental Protection Agency enacted a de facto ban on many gas-powered cars this week in the form of a final regulation on allowable tailpipe emissions.The regulation is designed to force two-thirds of new light-duty cars and 46% of medium duty autos sold in the United States to be electric vehicles by 2032, one of the more hare-brained schemes that make up the Biden Green New Deal energy policies.
In the press release accompanying the new rule, the EPA boasts that the new mandates “will avoid more than 7 billion tons of carbon emissions and provide nearly $100 billion of annual net benefits to society, including $13 billion of annual public health benefits due to improved air quality, and $62 billion in reduced annual fuel costs,” all of which is so much nonsense that no one really believes it. But this kind of fantasy narrative forms the very foundation of current Democrat party thinking on energy and climate policy.