The Florida senator submitted a letter to Gary Gensler, chairman of the U.S. Securities and Exchange Commission, on Wednesday, the Center Square reported. In the letter, Rubio raised several concerns about the risks of a rapid EV transition, including widespread blackouts.
Rubio stressed that the risks regarding national infrastructure could threaten the investors of EV companies. The EPA proposed new rules that would lead to fully electric vehicles taking up to two-thirds of the market by 2032. Electric vehicles currently make up less than 5% of the market. “Imagine if gas stations failed to perform their most basic function one out of five times,” he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: