Politics1 min read

This Election Day, remember which party ran against EVs and tethered us all to the gas pump

By · Via The Verge · Published by Everything Blog

In short

U.S. drivers face record fuel expenses alongside a domestic crude reserve depleted to 282.2 million barrels amid escalating foreign tensions. Federal decisions by Donald Trump and congressional Republicans eliminated the $7,500 clean vehicle credit and halted charging infrastructure funds, spurring a sharp downturn in domestic electric vehicle adoption. While domestic automakers like General Motors and Ford aim to lower future electric vehicle costs if Chinese rivals stay barred, several manufacturers continue backing legal challenges against strict fuel-efficiency rules.

Key points

  • Average transaction prices for electric vehicles remain above $50,000, limiting affordabl…: Average transaction prices for electric vehicles remain above $50,000, limiting affordable options for consumers facing steep fuel costs.
  • Reinstating previous electric vehicle tax credits remains improbable even if Democrats re…: Reinstating previous electric vehicle tax credits remains improbable even if Democrats regain control of Congress.
  • Major automakers are backing legal efforts against fuel-economy mandates while seeking to…: Major automakers are backing legal efforts against fuel-economy mandates while seeking to block Chinese competitors from entering the domestic market.

Sources checked by our analysis pipeline: 1

It’s the midterms! Here’s a fun fact for you as you head to the polls: Gas prices today are the highest ever recorded for a US Election Day.

This Election Day, remember which party ran against EVs and tethered us all to the gas pump

Donald Trump and congressional Republicans spent years waging a culture war against EVs. Now, record gas prices and a foreign war are leaving voters stuck footing the bill at the pump.

Donald Trump and congressional Republicans spent years waging a culture war against EVs. Now, record gas prices and a foreign war are leaving voters stuck footing the bill at the pump.

The national average for a gallon of gasoline is $4.12 and $6.28 for a gallon of diesel, according to GasBuddy. Meanwhile, the Strategic Petroleum Reserve, which is maintained by the US Department of Energy as a safeguard during energy crises, is down to 282.2 million barrels of crude, the lowest level in 44 years.

Gas prices, along with other essential cost-of-living items, are certainly top of mind for many voters this election cycle.…

Politics