“It’s clear that most Americans don’t want electric cars. In 2016, US car and light vehicle sales rose to 17.6 million units. After eight years of promotion, subsidies, mandates, and tax credits by the Obama Administration and the ZEV states, plug-in hybrid electric vehicle (PHEV) sales totaled only 159,000 units in 2016, less than one percent of US car and light vehicle sales.”
“If regulators continue to try to force adoption of cars that consumers don’t want to buy, look for declining new car sales and a robust used-car market for traditional gasoline and diesel models.”
The Republican-led tax bill in the House of Representatives proposes to eliminate the $7,500 tax credit for purchases of electric cars. Green advocates of “electrification” are already attacking the bill for the loss of the subsidy.…
“… new mileage standards will raise vehicle prices and may force the adoption of electric cars. But there is no evidence that the regulations will have a measurable effect on global temperatures.”
“[US EPA] Administrator Scott Pruitt launched a review of the strict mileage regulations from the Obama Administration. It’s long past time for a roll-back of obsolete US vehicle mileage regulations.”
Regulations to reduce fuel consumption and to increase vehicle mileage were born during the oil shock of the 1970s. But within the last decade, the fracking revolution reestablished the United States as the world’s energy superpower.
Are vehicle mileage standards now obsolete?
In October 1973, the Organization of Petroleum Exporting Countries (OPEC) declared an oil embargo, targeting the United States and other nations. Within six months, the world price of petroleum quadrupled, from $3 to $12 per barrel.…
“The anti-fossil fuel environmental movement is in despair. For decades, proponents of the ideology of sustainable development preached that humanity was running out of oil and gas, that consumption of hydrocarbons was destroying the climate, and that renewable energy was rapidly becoming a cost-effective alternative. But the Shale Shock has slain peak oil and promises low-cost oil and gas for centuries to come.”
The world has changed. Although few yet understand it, the revolution in the production of oil and natural gas from shale has altered the course of global energy, affecting most of the world’s people. This is not a short-term event. Citizens, industries, and nations will be impacted for decades to come.
We are witnessing a modern energy miracle. For more than 30 years, US crude oil production fell from 9.6 million barrels per day in 1970 to 5 million barrels per day in 2008.…