Make something that every household in the country uses more expensive.
Just remember the source of that piece.
Auto wire is the source, but they are getting their info from Reuters.
This is far more than an economic issue, it is a way to regulate ICE vehicles (and likely hybrids) out of existence. It is a way to greatly increase the price of ICE vehicles to make EVs look better in comparison. It could also cut the sale of popular pickups, just the auto makers are eliminating many models of cars.
I have read that the proposed rule is only 696 pages.
The article also breifly mentions this Reuters link and does not discuss it.
It is an opinion piece.
With math that makes sense.
This is another glaring example of how the Executive Branch has gained WAY too much power over the years.