High energy cost

It is difficult to determine what President Biden's energy policy is but harkens back to former President Obama when he said your, "under my plan of a cap and trade system, electricity rates would necessarily skyrocket". Perhaps Biden wants to reduce oil production to drive up the price of gasoline so people would be more likely to purchase an EV. This of course has little effect on wealthy people. The same goes for higher home heating cost. The solution to higher cost is simple, just increase production but maybe higher cost is the objective.