US EditionBad Bets: Massive EV Subsidies Not Paying Off
- Rivian's electric vehicle plant near Atlanta, supported by about $8 billion in public funds, has been delayed to 2028 amid poor sales and slow progress.
- Federal, state, and local governments have spent tens of billions of dollars subsidizing electric vehicles through loans, grants, and incentives, including significant investments by the Energy Department and the EPA's Clean School Bus Program.
- Major automakers such as Stellantis, Ford, and General Motors have reported substantial financial losses on electric vehicle ventures, and consumer demand remains low with delays in fleet electrification plans.
- The Biden administration's aggressive spending on electric vehicles has faced criticism for inefficiency and sustainability concerns, while previous administration policies included revoking greenhouse gas regulations but maintaining some EV infrastructure spending.
11 Articles
11 Articles
Massive EV subsidies not paying off * WorldNetDaily * by James Varney. Real Clear Wire
Source link The future was supposed to have arrived this year in a cluster of counties just east of Atlanta in the form of a state-of-the-art factory that would churn out 400,000 electric vehicles a year. But when JoEllen Artz looks about her lifetime neighborhood, all she sees are holes. “Those shovel holes they made
Bad Bets: Massive EV Subsidies Not Paying Off
The future was supposed to have arrived this year in a cluster of counties just east of Atlanta in the form of a state-of-the-art factory that would churn out 400,000 electric vehicles a year. But when JoEllen Artz looks about…
Bad bets: Massive EV subsidies not paying off | The Highland County Press
The experts RCI spoke with said a tally of just what taxpayers have provided the EV industry should be made, but agreed that no one has successfully done so. Just how much of this spending could be wasted in an industry that has enjoyed government support remains to be seen. But if some of the projects fail, the $500 million lost on Solyndra, which created a scandal at the time, will seem like small beer.
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