Washington D.C. – Boyden Gray PLLC Partner Michael Buschbacher and Counsel James Conde authored an opinion piece for the Wall Street Journal highlighting the arbitrary standard set by the Energy Department for calculating the efficiency of electric cars. They write:
“For exaggerating electric-car efficiency, the government rewards carmakers with compliance credits they can trade for cash. Economists estimate these credits could be worth billions: a vast cross-subsidy invented by bureaucrats and paid for by every person who buys a new gasoline-powered car.”
The full Wall Street Journal piece can be found here.