If you like your car, you can keep your car; you just won’t be able to buy a new one by 2032
/I’d thought — silly me — that most Americans realized that the upcoming mandates restricting ICE vehicles to 20% of all new car sales will end production of most gasoline powered cars, and drive the price of the few that will be allowed to be sold out of reach of the great unwashed. Apparently not, so the auto industry is trying to bring that to their attention, again. They won’t listen, I predict, until it’s far too late to throw it into reverse.
Auto industry experts warn Biden's EV mandate may limit gas car options in the future
'The policy is going to both limit the availability of new gas cars and push the cost of remaining gasoline-powered vehicles out of reach,' says industry expert
When President Biden said that Americans can "buy any kind of car they want," he failed to factor in new emissions standards his administration is putting in place that will reduce consumer choice, industry experts say.
During a speech delivered on Tuesday outside the Rose Garden, Biden focused on protecting U.S. jobs from unfair foreign trade practices and promised to not allow China to control the market for internal combustion engines or electric vehicles (EVs).
"I want to make this clear, notwithstanding what the other guy is saying – can buy any kind of car they want… but we're never going to allow China to unfairly control the market for these cars, period," he said, as "the other guy" appeared to be a reference to former President Trump, who made waves for predicting an auto industry "bloodbath" if Democrats continue their EV push.
Geoff Moody is senior vice president of American Fuel & Petrochemical Manufacturers (AFPM), a trade association representing companies like Chevron, ExxonMobil, Koch and others. He said that Biden's Environmental Protection Agency (EPA) regulation "is functionally a ban on sales of most new gas cars by 2032."
"The policy is going to both limit the availability of new gas cars and push the cost of remaining gasoline-powered vehicles out of reach for most Americans," he said, adding that EPA compliance scenarios he has viewed project new internal-combustion-engine car sales to fall drastically from 84% at present to below 30% in 2032.
"The whole point of the rule is to push American drivers toward electric vehicles by limiting their other options," Moody said.
American Petroleum Institute executive Will Hupman echoed some of that sentiment, predicting that it could effectively eliminate most new gas-powered vehicles in the future.
… While Biden's EPA's emissions standards do not constitute a blanket prohibition on internal combustion engines, automobile and fossil fuel trade organizations claim that to them, they may as well have.
When asked about Biden's comments and consumer choice concerns in regard to the new mandates, a spokesperson for General Motors said it is continuing to grow its electric vehicle fleet while retaining a broad suite of gas-powered options for customers.
The spokesperson also called it "challenging."
In 2016, Fidel Castro’s brother, Raul Castro, relaxed the need for permission to buy foreign cars and finally lifted the ban on importing American cars and parts. This led to an influx of brand-new cars onto Cuba’s roads.
Many wondered if this would signal the end of Cuba’s classic car industry. While Cubans’ love of vintage cars is ingrained in their culture and makes up a vital part of their tourism industry, there is another reason why you will still see plenty of old cars in Cuba – the cost.
New car imports are still highly regulated, and the pricing makes purchasing a car unrealistic for most Cuban locals. The state still has a monopoly on Cuban car sales, which means prices are high. A Peugeot 508 which typically retails at $29,000, costs a whopping $262,000 in Cuba. With the average Cuban citizen earning around $20 a month, it is unlikely that new imported cars are going to be part of a buying boom.