Several Wyoming senators have just presented a bill that would prohibit the sale of electric vehicles in the state by 2035, while a growing number of governments have committed to banning the use of internal combustion engines within the next two decades.
But this state, whose economy is primarily reliant on the exploitation of oil and gas, has serious concerns concealed behind this shocking news.
Adoption of Electric Vehicles
Many automakers, like Renault, have already initiated their energy shift to comply with this regulation. It expects to have 100% electrified vehicles by 2030, whereas Volkswagen plans to cease production of internal combustion engine vehicles by 2035.
Several luxury automakers, including Porsche, have made such attempts. By 2030, 80 percent of the fleet will consist of electric vehicles.
The Biden administration in the United States has made a similar commitment for 2030. Half of all newly built automobiles will be electric. Some states in the United States acted without waiting for this White House directive. In September 2020, California will restrict the sale of internal combustion automobiles, with New York State soon to follow.
However, it should be noted that Washington has not yet imposed any federal restrictions on the consumption of electricity.
Actually, it is up to each state to adopt this motorization. Several Wyoming senators have just introduced a measure, and it has come to our attention. By 2035, it would prohibit the sale of electric vehicles within the state’s borders.
According to the Cowboy State Daily, Republican Senator Jim Anderson stated that he presented the resolution to push for restrictions on the sale of new cars with internal combustion engines in states like California and New York.
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Why Tesla Lowers Prices In US, Europe
The New York Times reports that Tesla has reduced the pricing of its best-selling electric vehicles by 20% in the United States and European countries such as Germany, France, Switzerland, and Austria.
This reduced pricing is the result of a lack of demand following the company’s failure to meet its Q4 objectives in 2022. Tesla lowered its costs after quarterly deliveries that fell short of market expectations due to continued logistical problems and a decline in demand.
Additionally, the automaker reduced the price of its electric vehicles in European markets like Germany, Austria, Switzerland, and France. In Germany, Model 3 and Model Y prices have been reduced by 1 to 17%.
Wedbush analyst Dan Ives notes, I believe Tesla realizes they are not the only game in town, and Detroit businesses are diving headfirst into the E.V. market. I believe that Tesla will attempt to go on the attack as a result of the price drops.
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