Source:t.co/59He1yptmr
— Wall Street Silver (@WallStreetSilv) April 11, 2023
Benedict Biden Bans 53% of Americans From Buying Cars
The New York Times reported that the Biden administration will abuse EPA regulations to eliminate most real car sales by 2030. The plan is to force 67% of car sales to be electric by 2032. Most Americans won’t be able to afford them, but they’ll have no other options.
Even the cheapest electric cars, which are still far more expensive than their real car counterparts and are just one battery problem away from turning into mostly unusable junk, are out of the price range of the majority of Americans who need an income of $80,000 to make an EV auto loan work. That’s fine in Washington D.C. where the median income of $83,567 is the highest in the nation, but will entirely price much of the country out of the new car market.
53% of Americans earn less than $75,000. Some of the 16% who earn from $50,000 to $75,000 may be able to make an electric vehicle purchase work if they squeeze, cut back on food and clothes for the kids, but the remaining 37% will be completely locked out. And, unable to own a car, they’ll have even bigger monthly payments or, with no transportation, be unable to work.
The new poor will be anyone who can’t afford an electric car. And that’s 53% of Americans.