For real, the removal of federal incentives caused a huge wave of EV cancellations, which will inevitably increase demand for oil, which will increase prices.
But as always the bipartisan support for higher oil prices comes from the lack of regulation around them. Big Oil is taking this opportunity to drive up prices artificially and recording record profits (again). You would think with the importance of oil on our entire economy that someone would reign them in but alas their pockets are too deep.
For real, the removal of federal incentives caused a huge wave of EV cancellations, which will inevitably increase demand for oil, which will increase prices.
But as always the bipartisan support for higher oil prices comes from the lack of regulation around them. Big Oil is taking this opportunity to drive up prices artificially and recording record profits (again). You would think with the importance of oil on our entire economy that someone would reign them in but alas their pockets are too deep.