Jeff Clark, director of litigation at the Center for Renewing America, joins Steve Bannon to discuss repositioning the U.S. economy by regulating gas vehicles through massive legislative packages like the Inflation Reduction Act.
Clark explains that the EPA “starting in the 2026 model year, they will finally get to a point in the US where 70% of new vehicles sold are electric vehicles.” He goes on to break down the implications of this radical regulatory push saying, “Right now, battery electric vehicles have a market penetration rate of about 7% of new vehicles. They want to go from 7 to 70 in about eight or nine years, that’s a 900% increase.
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