A.G. Gancarski
Sen. Rick Scott is taking aim at what he considers questionable actions regarding the electric vehicle market.
Joined by Senators Mike Lee, Roger Marshall, Dan Sullivan and Pete Ricketts, Scott wrote a letter to the Government Accountability Office Comptroller General Gene Dodaro on Friday.
The Senators claim that the “Department of Energy (DOE) is incorrectly, and potentially illegally, setting the petroleum equivalency factor (PEF) for electric vehicles (EVs), which is used by the National Highway Traffic Safety Administration (NHTSA) to set the agency’s directive for automakers’ corporate average fuel economy (CAFE) standards.”
“With the EPA and NHTSA establishing stringent greenhouse gas emissions standards and CAFE standards with the explicit goal of increasing EV adoption, automakers are planning massive investments in EVs, with supply chains that are primarily outside the U.S., including in countries hostile to the U.S. These federal standards and the improper application of the FCF to EVs is resulting in an improper transfer of billions of dollars every year from gasoline vehicle manufacturers and consumers to electric vehicle manufacturers and consumers,” the Senators claim, spotlighting what they frame as a subsidy.
Scott also wrote Gary Gensler, Chair of the Security and Exchange Commission (SEC), with concerns about Zeekr, a maker of what the company says are “premium electric vehicles” that is now trading on the New York Stock Exchange.
Scott is concerned about the company’s ties to the Chinese government, along with operational issues.
“As you know, the CCP’s ongoing authoritarian control over China’s economy and companies raises significant risks for U.S. investors, which is why this listing is deeply concerning, both to the integrity and strength of U.S. capital markets as well as the protection of American investors,” Scott writes.
“Along with these issues come the concerns regarding supply chain and human rights abuses. Recently, a report from the U.S. Senate Finance Committee revealed that a number of auto companies have alarming ties to forced labor and human rights violations. With Zeekr being both a Chinese auto company and linked to the CCP, I have serious questions about how the SEC can be confident that Zeekr is not utilizing specific supply chains that rely on forced labor.”
Scott goes on to argue that the listing of Chinese-controlled companies “undermines not only our national security, but the integrity of U.S. capital markets as a whole.”
14 comments
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June 1, 2024 at 6:12 pm
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Speedy y SloPoke
June 1, 2024 at 6:53 pm
Hello Rick Scott you dont know because you dont cut the grass
Senator they have jacked the price of the $100.00 including sales tax basic gas powered lawn mowers up to around 350.00.
Why do you think that happened Rick?
Inflation?
Wrong.
They jacked the most basic gas mowers to put them the same price as the cheepest electric lawn mowers. Not fair Rick Scott we dont want any stupid electric lawn mowing. Fix it Rick Scott.
Fix it Rick Scott.
Fix it Rick Scott.
Thanking you SG y SP G
SuzyQ
June 1, 2024 at 7:20 pm
Susan “Susie” (neé Summerall) Wiles is the person behind former U.S. president Donald Trump’s campaign. She’s responsible for the some of the successful campaigns of Rick Scott, Ron DeSantis, Donald Trump, et al. She is a prominent member of the political class and has, at the very least, a symbiotic relationship with this political establishment “publication” or propagator of political establishment propaganda and a confidential source for Florida Politics’ so-called journalists.
Christians Hate You
June 2, 2024 at 5:25 am
Boy did this trigger you! Are you ok?
Can we send a safety check?
MH/Duuuval
June 2, 2024 at 11:49 am
You are repeating yourself with the same or no impact.
Ocean Joe
June 1, 2024 at 7:52 pm
Used to hear the argument about climate and pollution as follows: we can’t control what India and China, so even if we stop polluting it wont matter. The Chinese come up with a cheap, affordable electric car and we reject it because it will impact our economy, since our USA built electric cars are far more costly.
No matter how we address climate, it will be expensive and impactful on our economy and our standard of living. Do we take action (as Biden’s admin is doing) or do we put making money first and go with Trump and the GOP climate deniers? The selfish, easy answer is we call it a hoax and ignore it. Thanks, Donald.
Michael K
June 1, 2024 at 9:48 pm
Rick “Medicare Fruad” Scott has clearly lost his mind.
Michael K
June 1, 2024 at 9:49 pm
Fraud.
Qanon Christians Are All Terrorists
June 2, 2024 at 5:26 am
Ricky took a bath on his Tesla stock 🖕🏼
MH/Duuuval
June 2, 2024 at 11:50 am
Face it: 5 of us could get a Chinese EV for the price of one Tesla. (Not sure who would service the PRC cars.)
Sundance
June 3, 2024 at 5:40 pm
Imps selling out the sun 🌄
The question is does day beat night. or night beat day
T
June 3, 2024 at 6:34 pm
EV’s are a global trend. If we want to have a strong mfg’ing base, we must commit and compete. The Chinese government defined renewable energy as a critical imperative 10+ years ago and now are very competitive. Under Biden, America is moving forward, very fast. Great to see the boom and American innovation. Rick Scott doesn’t believe that America is good enough to compete with the Chinese.
Comments are closed.