President Joe Biden’s hilariously misguided plans for a “green” energy transition took yet another blow this week, thanks to Ford Motor Company. It appears that Ford is tired of playing along with Biden’s pipe dreams and is taking action that will surely disappoint the likes of Biden, Energy Secretary Jennifer Granholm, and Climate Czar John Kerry.
??VIP: Ford Delivers Another Blow to Biden's Energy 'Transition' Pipe Dream https://t.co/MlHLhCx9h1
— Spencer Brown (@itsSpencerBrown) December 12, 2023
In a stunning announcement, Ford revealed that it will be cutting production of its all-electric F-150 “Lightning” pickup truck by half in 2024. This is yet another blow to Biden’s attempts to force Americans to drive cars that they don’t want and can’t afford. It seems that Ford has finally realized that billion-dollar losses, inflated costs, high interest rates, and lackluster demand make complying with Biden’s mandates utterly untenable.
According to CNBC, this decision to slash production is a major reversal for Ford, as they had previously increased plant capacity for the electric vehicle in 2023. But it seems that the harsh reality of Biden’s regulations has caught up with them. The Biden administration proposed requirements that would force automakers to achieve an industry fleet-wide average of roughly 58 miles per gallon for passenger cars and light trucks by 2032. That’s a 30 MPG increase from the current average! It’s no wonder Ford is struggling to meet these unrealistic standards.
But Ford is not alone in its struggles. CNBC highlights that electric vehicle demand has been disappointingly slow, primarily due to the outrageous costs and interest rates associated with these vehicles. It turns out that Americans aren’t too keen on emptying their wallets for a car that doesn’t fit their needs. Shocking, right?
Even Biden’s own Energy Secretary, Jennifer Granholm, experienced this firsthand during a summer road trip with electric vehicles. The trip ended with police intervention when her gas-powered staffers had a dispute over charging space. You can’t make this stuff up!
Ford’s decision to cut production comes on the heels of significant financial losses in the electric vehicle sector. The company had to pause the construction of a billion-dollar plant in Michigan involving a Chinese electric vehicle battery company. With losses totaling $4.5 billion and each electric vehicle produced resulting in a $60,000 loss, it’s clear that the economics of electric vehicles just don’t add up.
Despite all of this, President Biden continues to push for American taxpayers to subsidize these massive losses. He’s willing to bankrupt the country to appease climate alarmists and earn their “gold star.” And let’s not forget that Biden’s promise to “end fossil fuels” won’t even make a dent in the global climate. It’s all for show, folks.
As Representative Cathy McMorris Rodgers so astutely pointed out, these new fuel economy standards will only make cars more expensive and deprive hardworking Americans of affordable options. The additional burden on automakers will also be passed down to the very people Biden claims to care about. It’s all part of his plan to force Americans into buying unaffordable electric vehicles and handing our automotive future over to China. Brilliant move, Biden.
The reality is that Biden’s green energy transition is nothing more than a fairy tale. It’s time to wake up from this renewable energy dreamland and prioritize realistic solutions that actually benefit the American people and the economy. Ford’s decision is a clear sign that it’s time to put an end to Biden’s green fantasies and focus on what truly matters.