MANDEL NGAN
- Car dealers sent a letter urging Biden to "tap the brakes" on an electric vehicle mandate.
- Two-thirds of new cars must be EVs by 2032 — but dealers say EV sales are slumping, and hurting them.
- Local car dealers have a lot of political influence; Biden could look to expand tax incentives.
Car dealers aren't happy with President Joe Biden's mandate to have two-thirds of all new cars be electric vehicles by 2032. Axios reported that a group of nearly 4,000 local dealerships sent a letter to Biden urging him to "tap the brakes" on his mandate.