Biden’s EV Policy Will Slow Innovation
Published in
4 min readApr 22, 2024
Biden’s policy distorts market prices and encourages an over-supply which slows innovation in the long run.
President Biden believes that Americans should be driving electric vehicles rather than those with gasoline powered engines. His plan was to offer incentives to both consumers and car manufacturers that would increase the number of EVs produced and sold. However, the result of his policies…