Energy lobbyists and EV supporters have a lot on the line ahead of midterms

Depending on who controls the House after midterms, energy lobbyists will be extremely happy ... or strategizing their approach ahead.

Published
Updated
1 minute & 35 seconds read time

The mid-term elections in the United States could have a ripple effect throughout the electrical vehicle market. The Biden Administration has continued to promote clean energy efforts, though it's extremely likely oil and gas executives hope for the GOP to take back control of the House of Representatives.

The oil companies still have plenty of life left for internal combustion engine vehicle owners - but are nervous about the growth of EVs (Image Courtesy of: Emre Can Acer)

The oil companies still have plenty of life left for internal combustion engine vehicle owners - but are nervous about the growth of EVs (Image Courtesy of: Emre Can Acer)

If the GOP wins control in November, Senator Lindsey Graham (R-SC) has vowed to hold hearings related to the impact on automakers and the oil industry as the market transitions towards EVs. Here is what Sen. Graham said during a BMW event where the German automaker pledged $1.7 billion in his home state:

"Where do the battery parts come from? Where do the raw materials come from? Batteries become the new oil. South Carolina's going to become the Detroit of batteries.

Graham also invites "the car companies to come to Congress and say, 'Here's where we're going, here's why we're going there, here's what we need from you to be competitive in this space.'"

Earlier in the month, US Senate Republican Leader Mitch McConnell (R-KY) applauded a $480 million investment in lithium-ion battery production in Kentucky. An eye on the future, it could be a slippery slope supporting both the energy lobbyists and EV projects.

Optics related to fuel and energy is strengthening the GOP, with Republican candidates attacking their Democratic opponents over gas prices. Although claiming the US has lost "energy independence," which is misleading, but a good political tactic to garner support.

The nation waits to see what happens following election day next month, with lobbyists and supporters from both the EV and gas and oil industries with lots on the line. CleanTechnica has an in-depth analysis covering what's on the line stemming from midterms.

Buy at Amazon

Back Off I've Got Gas Funny Trucker Tanker Driver Gift T-Shirt

TodayYesterday7 days ago30 days ago
$16.99$16.99$16.99
* Prices last scanned on 4/19/2024 at 1:51 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

An experienced tech journalist and marketing specialist, Michael joins TweakTown to cover everything from cars & electric vehicles to solar and green energy topics. A former Staff Writer at DailyTech, Michael is now the Cars & Electric Vehicles News Reporter and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Newsletter Subscription

Related Tags