By Jerry Korth
America may be headed for a new type of energy crisis. While fracking technology still gives us relative energy independence, there is a distinct possibility that an electricity energy crisis awaits us. What if the demand for electricity significantly exceeds the supply over the next decade? Weâd have soaring prices and rolling brownouts. That crisis could easily be triggered by the electric vehicles (EVs) Bidenâs administration is pushing.
By his Executive Order and an associated Action Plan, Bidenâs administration calls for 50% of all new vehicles sold in America by 2030 to be EVs. That means an additional 50 million new EVs on the road in the next nine years, all in an effort to lower Green House Gas (GHG) emissions, namely CO2.
On December 13, 2021, the administration announced its plan to spend $7.5 billion to construct 500,000 EV charging stations throughout the US. The planâs funding comes from the $1.2 trillion Infrastructure & Jobs Act Biden signed on November 15, 2021.
