The Biden Administration’s proposal to drastically increase the adoption of electric vehicles (EVs) in the United States has sparked a significant debate. If this proposal goes into effect, the EPA is predicting that two-thirds of the new cars on the road by 2032 will be electric. While the move aims to reduce pollution and combat climate change, it conveniently ignores the challenges and concerns of this transition. Electric vehicles may be good for the environment, but factors such as affordability, insurance costs, supply chain dependencies, consumer preferences, and market dynamics must be considered.Read More