"But the State of Michigan is attempting to hold another group responsible for the downturn of EVs and renewable power in general: the oil industry. Michigan's attorney general Dana Nessel on Friday filed a federal antitrust lawsuit against BP, Chevron, Exxon Mobil, Shell Oil and the American Petroleum Institute, alleging that the petroleum giants and their trade association "have unlawfully colluded to reduce innovation and output (and thereby increase prices) in the Michigan transportation energy market and the Michigan primary energy market.""
"The suit names BP, Chevron, Exxon, Shell, and the American Petroleum Institute, alleging they acted like a cartel to restrain trade and block clean energy alternatives. Michigan claims this alleged conspiracy has kept energy prices high and limited affordable EV options for consumers. The 126-page lawsuit alleges that the oil companies committed a "conspiracy" that has kept energy prices artificially high in the state and dependent on fossil fuels, while also working to undermine the American EV market."
Michigan alleges that BP, Chevron, Exxon Mobil, Shell Oil, and the American Petroleum Institute unlawfully colluded to suppress renewable energy innovation and electric-vehicle competition. The complaint claims these defendants acted like a cartel to reduce innovation and output, keeping energy prices artificially high and maintaining dependence on fossil fuels. Michigan seeks a jury trial, unspecified financial damages for alleged consumer and state overpayments, and repayment of fossil-fuel industry profits. The lawsuit totals 126 pages. The alleged conspiracy is blamed for limiting affordable EV options while the American auto industry simultaneously shifts back toward gasoline vehicles amid tariffs, regulations, and market forces.
Read at insideevs.com
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