Car Makers Cool Off on Electric as Demand Slows

Since entering the Oval Office in January of 2021, the 46th President Joe Biden has presided over a period of instability and volatility for the United States at both the domestic and international levels of politics. Since beginning his term of service, Biden touted massive spending packages early in his presidency. These packages were passed by the Democrat controlled congress, and the federal government subsequently authorized trillions of dollars in new spending. Due to this, rampant inflation has at least in part occurred, skyrocketing the cost of living and devaluing the U.S. dollar. The American middle class, which has been struggling for decades, continues to shrink, and 60% of Americans are now living paycheck to paycheck. Home ownership has also been deemed as nearly unattainable for much of the nation, as housing is now unaffordable for average income families in 99% of the country.

Millions of illegals continue to enter the nation through the porous southern border. 5 million migrants have been estimated to have entered the country since January of 2021, and the federal government, Joe Biden, and the Secretary of Homeland Security Alejandro Mayorkas appear unwilling or unable to address the problem. The government has also allocated (with the support of Republicans in the legislative minority) billions of dollars in appropriations for Ukraine. While the American people continue to suffer, the border remains open, crime soars, and the quality of life within the country deteriorates, politicians are more concerned with helping foreigners at the expense of their own people.

Another thing that Biden and the Democrats have openly promoted is a radical “green energy” agenda. Donald Trump, the former president had America energy independent for the first time in decades. Biden has gutted U.S. oil production and made the country reliant on imports from hostile nations. He has openly promoted expensive electric cars as gas prices remain high, but the demand for these lavish luxury products has slowed.