Teaching the economics of innovation to college students isn’t a tough job. They understand intuitively that pro-competitive policy maximizes their ability to choose the best product for them. More options for consumers leads to opportunities to optimize their choices. If the cost of one option is too high, for whatever reason, consumers can choose something else.
That’s not the Biden administration’s goal when it comes to electric vehicles. Their goal is to enrich their friends and themselves using policy to eradicate internal combustion vehicles. If the Biden administration is successful, EV’s will not be one option among many. Whether or not they will be successful remains to be seen.
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