The High Costs Of Electrifying The U.S. Auto Industry

New proposed EPA emissions targets would require that at least two-thirds of vehicle sales will need to be EVs by just 2032 – less than a decade from now. Powering this massive increase in electrification will require an unprecedented expansion of existing infrastructure and supply chains, and it won’t be cheap.  At the moment, the future of EVs looks bright in the United States thanks to the strict proposed emissions standards, state-level “Advanced Clean Truck” rules, and the major incentives offered by the Biden…