Biden’s Auto Plan to Slash Billions of Barrels of Oil Demand (2)

The Biden administration’s plan to stifle auto pollution and spur electric vehicles is expected to shrink US oil demand by an estimated 17 billion barrels through 2055.

“We’re strengthening our energy security, we’re reducing our reliance on foreign oil,” and “we’re reducing our reliance on fossil fuels,” Environmental Protection Agency Administrator Michael Regan said Wednesday.

The EPA estimated that its proposal, slated to be finalized next year, would curb US oil imports by as much as 16 billion barrels through 2055, based on expected reductions in domestic gasoline and diesel demand.

Though the projected demand reductions would escalate over time, ...