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California's Regulatory Battle
00:05:04
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| Here's how Trump can save America's auto industry and the planet, if you will. | |
| He's got to end the regulatory stronghold that exists for car companies. | |
| So, for instance, California is attempting to regulate, I just read the story, the fuel economy and emissions independent from the federal government standards. | |
| That has to stop. | |
| And hopefully the new head of the EPA will do that, and they should pass, the Congress should pass legislation. | |
| By the way, hat tip to the Federalists for this. | |
| Should pass legislation prohibiting a state from dictating its own fuel economy standards, especially a state like California. | |
| I mean, imagine if these big states were able to dictate who wins the presidency. | |
| That's why we have the Electoral College. | |
| The same applies here, in a sense. | |
| It impacts the sales of the entire nation. | |
| California's current policy is absolutely unreasonable, so the regulations have to end. | |
| You have to start with these CAFE standards. | |
| They either have to sell vehicles with internal combustible engines, ICE engines, based upon what consumers want. | |
| And if they do so, they pay a hefty fine to the federal government for building ICE vehicles. | |
| Or they can spend massive amounts of money for EVs that a few people want. | |
| And then just lose money that way. | |
| So they're in a no-win situation. | |
| So the CAFE standard, that was set in 2015, 35 miles per gallon. | |
| That appears to be the sweet spot. | |
| I somewhat disagree with that, but I'll go for it for the sake of this argument. | |
| The EPA should at least return to the 2015 CAFE standards, setting the mileage at 35 miles per gallon per vehicle. | |
| That was, at least the Federalist argues, the sweet spot where you kind of got the best of both. | |
| You didn't have to get rid of ICE engines. | |
| You just made them more energy, if you will, or fuel efficient. | |
| And we were doing fine. | |
| But again, this is all about control. | |
| China. | |
| Getting back to China. | |
| China is not a competitor. | |
| They're a threat. | |
| This is an issue that we have to address. | |
| China has taken steps to become dominant in the auto market in Asia, Latin America, and Europe as well. | |
| Even the CEO of Ford said that China is an existential threat and their Chinese EV makers are an existential threat to the U.S. auto industry, he says. | |
| And by the way, did you guys know that China... | |
| Did you know that? | |
| Because they're still considered a developing nation. | |
| So they even manipulate people involved in the climate accord because they get $300 billion from these nations that are dumb enough to participate in the Paris Climate Accords. | |
| So all these nations participate in the Paris Climate Accord. | |
| It gets $300 billion from each of these nations since they're a developing nation. | |
| They subsidize their car market and artificially lower the prices of cars, and it makes it impossible for America and our allies to compete against China. | |
| You talk about suicide. | |
| It's the dumbest thing I've ever seen. | |
| So, here's what Congress could do, however. | |
| They could make it a crime for any U.S. company or individual to share. | |
| Oh, that's another thing. | |
| They make sure that if any vehicle is sent into China, we have to give up intellectual property rights so that they can steal our research and development. | |
| Are you kidding me? | |
| So, Congress... | |
| They have to make it a crime for any U.S. company or individual to share those intellectual property rights with China. | |
| They also, similarly, any foreign entity working with an American company that shares its intellectual property with China should face a fine or a ban from doing business in the U.S. Congress, lastly, should also pass a ban on Chinese sourced and manufactured EVs. | |
| This is how we got to, you know, get hip to or defeat China on this front. | |
| Competitors. | |
| Also need to get hip to the same safety standards. | |
| Europe, Japan, and South Korea, they charge, if we're sending cars to Europe, there's a 10% tariff that we have to pay, whereas if Europe sends cars to us, it's a 2.5% tariff. | |
| Either we need to get rid of that tariff or there needs to be some reciprocity. | |
| And then we need to set universal safety standards with our allies, whether that's Europe, Japan, every single one of them. | |
| This makes production go much faster. | |
| And it reduces cost for everyone. | |
| And every car buyer should know the environmental impact of EVs. | |
| And that way, people will start moving away from those things. | |