New research reveals how EV, emissions mandates are inflating costs for gas-powered cars, utilities

FIRST ON FOX: The American Energy Institute (AEI), a trade organization representing oil, gas, coal and nuclear energy producers, is shining a light on how government subsidies for electric vehicles (EVs), combined with a regulatory credit system for vehicle emissions, are causing automobile and utility costs to rise. Increasingly stringent Corporate Average Fuel Economy and greenhouse gas tailpipe emissions standards have forced gas-powered vehicle manufacturers to produce more EVs. As a result, this has siphoned auto manufacturers' resources away from gas-powered vehicle production and toward EV production, ultimately pushing the...