This is John Batcheler, speaking with my colleague Elizabeth Peak of the Hill and Fox News and Fox Business,

about the inflation story and also about green, especially electric vehicles. Liz measures the electric vehicles coming from

China may or may not be a trend. The electric vehicles in this country

dominated by Tesla are expensive.

The electric vehicles coming from China are cheap.

How does this connect to the Biden administration's plans,

both to get reelected and also to continue to subsidize electric vehicles.

At the same time, taking into account that the public is turning away, at least there's a dip in purchasing electric vehicles until they're cheap or

there's obliged to people who are obliged to buy them it's all leading to questions

to be answered by the second by administration or by the

campaign is Elizabeth Peek on electric vehicles not the hot item they were in the

marketplace subsidized very expensively by the US government and the future.

Well, yes, because it's inefficient whenever you have the government subsidizing something by definition it's inefficient whenever you have the government subsidizing something by

definition it's inefficient the reason they're having to subsidize

uh... evies is because the cost of manufacturing them is still way higher than the

cost of making an internal combustion engine.

So the answer to your question is yes.

Will they back off this EV push?

A new administration will, for sure, because it isn't working.

And here is the, I actually have to say I was ahead of the curve on this because, which is rare, if you go back some time, the real threat is that down the road,

you have China making really inexpensive copies selling for, I don't know, 25 to 30,000 bucks, whereas ours. of

I don't know 25 to 30,000 bucks, whereas ours are 50 plus.

...