I’m not smart enough to know how this ends, but I suspect the money we should have been using to subsidize and kick-start American automakers will instead be held back until we need to once again bail them out from their short-sightedness.
Does anyone have a good source for the amount of U.S. Federal and State governments EV subsidies since, say 2011? I guess it would be good to break out the consumer subsidies (like the $7,500 tax credit for new vehicles, $4,000 for used vehicles), and manufacturer's direct subsidies and loans like the $6 billion loan to Rivian, for battery manufacturing plants, etc..
bookofjoe•7mo ago