In this episode of the Energy Show with REI Energy, host Mike Mauceli and guest Jason Hayes, Director of Energy and Environmental Policy for the Mackinac Center of Public Policy, discuss the Biden administration's implementation of new EPA tailpipe emission standards, and how the standards aim to significantly reduce CO2 emissions per mile, effectively mandating a shift towards electric vehicles (EVs) due to the inability of current gas and hybrid vehicles to meet these requirements. The conversation covers the potential economic and logistical challenges for consumers, including the high cost of EV ownership, the impact on insurance, and the difficulties associated with charging infrastructure, especially for those living in multifamily housing. Furthermore, they discuss the broader implications on the auto industry, supply chains, and the environment, questioning the feasibility of achieving the administration's goal of 70% of new car sales being electric by 2032 without significant societal and technological hurdles. 00:00 Introduction 00:44 Exploring the Impact of New EPA Regulations 04:06 The Economic Implications of Switching to EVs 05:43 Challenges of EV Ownership: Infrastructure and Insurance 07:42 The Environmental and Economic Costs of EV Batteries 20:19 The Global EV Market and China's Influence 23:11 Union Support for EV Policies and Potential Consequences 28:34 Considering Alternatives: The Case for Hybrids 31:11 Closing Thoughts and Future Discussions ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.