Trellis: “Why General Motors Lobbied Against Its Own EV Goals”
An RFF blog post is cited in this story about the complicated world of vehicle regulations.
“Breaking that loop can cause longer-term costs to be far higher than short-term financial benefits—for both consumers and businesses. With electric vehicle rules gone, lower car prices in 2030 will lead to higher sales and $15 billion of additional profit for US manufacturers by 2030, according to a model developed by the nonprofit Resources for the Future. But electric vehicles cost less to drive—so much so that higher fuel costs will leave consumers $27 billion worse off by the same date.”
