KEVIN HASSETT ON THE AUTO INDUSTRY AND ECONOMICS

“If everybody had an electric car, then nobody would be buying gasoline anymore, and they’d have to take all the miles that they travel, and put it on the grid. And so we would have to increase the production of electricity in the US by 25% over the next couple of years if they (Biden Admin) had their way…You’ve really stopped a massive disruption for the economy with this.” - Kevin Hassett

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