Nick Loris of The Heritage Foundation explains why California should let markets, not mandates, drive consumer choice for vehicles.
- Governor Newsom’s recent executive order banning the sale of gas-powered vehicles restricts consumer choice.
- Markets are already seeing more demand for electric vehicles, meaning the mandate is unnecessary.
- Government intervention via mandates and incentives disproportionally help wealthy consumers and harm lower-income families.
“What is predictable, however, is that markets will continue to evolve to reflect consumer preferences, and if consumers want electric cars, which they seem to, market forces are a better way to serve that demand.”
Read the full article here.