Congress Is At A Fork In The Road: Fuel Dictators And Climate Change, Or Help Americans Drive Electric

Congress Is At A Fork In The Road: Fuel Dictators And Climate Change, Or Help Americans Drive Electric

Share to Linkedin President Biden's brave decision to halt Russian oil and natural gas imports in response to the unprovoked Ukraine invasion shows the United States stands in solidarity with democracies everywhere. But how will this decision impact the U. S. economy, gas prices, or heating bills? While Americans might already be feeling some short-term pain at the pump, passing the electric vehicle (EV) provisions currently being considered in Congress would help end our dependence on volatile foreign oil supplies and protect consumers from oil price spikes over the long-term. Research from Energy Innovation shows that these EV incentives, if passed by Congress this year, would dramatically reduce our dependence on Russian oil in just 36 months and more than eliminate it in five years. Plug in electrical car from the automotive company Kia, at the New York International Auto Show ... [+] Press Day at Jacob K Javits Convention Center in New York City. (Photo via EuropaNewswire/Gado/Getty Images) It's also clear that pouring billions into increasing U. S. oil production won't help Americans. Increasing domestic output would take up to three years to ramp up, as the industry itself has admitted. But even if the U. S. were to