Biden's econ program , while it seems plain dumb as rocks, is actually brainchild of elitist Ivy League economists who have been preaching this nonsense over a decade.
It was rooted in using markets to crash the price of oil fron the demand side. EVs were a key to this. Falling energy input costs were to be used to hide inflation from massive transformative social spending.
This has been a total failure.
The most basic number they failed to realize is there are over 1.5 billion vehicles on the worlds roads and growing.
And do the math on energy burned by global daily BPD. Can adjust for efficiency changes, but the energy has to come from somewhere. It only changes source mix at the rate of that supply chain and distribution enables it to.