Study casts doubt on electric vehicles' climate, cost benefits: 'Won't achieve the goals intended'

The massive push to increase electric vehicle adoption and restrict gas-powered car sales could inadvertently lead to higher emissions and consumer costs.

"I think it's morally consequential. It's geopolitically consequential and socially, economically consequential," Mills told Fox News Digital in an interview. "The subsidies and the mandates run the risk of causing maybe the biggest misallocation of capital in modern times in the industrial markets. Hundreds of billions of dollars are going to be spent chasing these mandates, requirements."  Thomas Catenacci is a politics writer for Fox News Digital.

"And it won't, as the report shows, it won't achieve the goals intended and the attempt to do so will have enormous economic and social costs because the underlying premises are either incorrect, too poorly understood or too difficult to quantify in order to take the actions that are being taken," he continued.