Ford Motor Company recently announced it’s set to lose more than $6 billion on its latest electric vehicle plants while it gets them running, with the company CEO saying “we cannot continue to import batteries and rare earth from overseas.”
“We can build all the plants, but what’s the good if we’re importing batteries?” he continued, highlighting U.S. mine closures and global shortages of the rare earths required for the batteries that power these cars.
Joe Biden declared war on fossil fuels on his first day in office. The federal government has adopted numerous policies to swiftly move our nation away from gas-powered vehicles to all-electric ones.
This is important.
The Biden administration is trying to force Americans into electric cars that we don't have the materials for, while Biden's interior secretary Deb Haaland is blocking Americans from mining those materials.
Alarming she doesn't understand that empowers China https://t.co/mGzDJ3cPBF
— Matt Whitlock (@mattdizwhitlock) March 28, 2023