New research reveals how EV, emissions mandates are inflating costs for gas-powered cars, utilities

FIRST ON FOX: Government subsidies for electric vehicles (EVs), combined with a regulatory credit system for vehicle emissions, are leading to rising automobile and utility costs, a new report from the American Energy Institute (AEI) reveals.

Increasingly stringent Corporate Average Fuel Economy and greenhouse gas tailpipe emissions standards have forced gas-powered vehicle manufacturers to produce more EVs. As a result, this has siphoned auto manufacturers' resources away from gas-powered vehicle production and toward EV production, ultimately pushing the costs of gas-powered cars higher, according a report by the AEI.

If auto manufacturers do not produce enough EVs to meet state and federal standards, they are forced to buy into a credit system to offset their emissions production, inevitably creating another avenue where additional costs a...