Senator Joe Manchin told the LNG Allies' Transatlantic Energy Security Forum IV event on Tuesday that he "will not sign up" for an aggressive electric vehicle push, which apparently sent lithium industry stocks (NYSEARCA:LIT) plunging across the board.
Manchin raised two objections to President Biden's aggressive plan for electric vehicles, according to the Washington Examiner: Proposals have not sufficiently addressed who will get the revenue from the electricity used to charge vehicles with taxpayer-funded charging stations, and U.S. critical mineral supply chains are underdeveloped.
