Ultimately, if implemented, bans on conventionally powered vehicles will lead to draconian impediments to affordable and convenient driving

good

and a massive misallocation of capital in the world’s $4 trillion automotive industry.

GREAT

Let's not mince words - the $4 trillion automotive industry exists because of a massive misallocation of capital by Americans in the 1920s, 1930s, 1940s, 1950s, 1960s, 1970s, 1980s, 1990s, 2000s, 2010s and 2020s.

The Manhattan Institute has some bright things to say but insisting that cars are a public good because they make capitalists rich while mass transit is a "misallocation of capital" because it's socialism is why they're taken seriously so very, very rarely by the left. One need only compare the foreign aid heaped on petrostates vs. the foreign aid heaped on places without oil to acknowledge that the externalities of internal combustion are dismissed while the externalities of battery power are the only thing conservatives want to talk about.

Which would you rather regulate: a lithium mine or a thousand frackers? I can tell you who the Manhattan Institute would rather regulate, because they'd rather not regulate at all and with the mine, they have less excuse.