One would think the U. S. would have learned from the late-70s and 80s when their auto industry got pummeled by the Japanese. Instead, we not only cede the international markets to China, we think we will be just fine selling fossil fuel-powered trucks to the domestic market.
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.
>the money we should have been using to subsidize and kick-start American automakers
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..
One would think the U. S. would have learned from the late-70s and 80s when their auto industry got pummeled by the Japanese. Instead, we not only cede the international markets to China, we think we will be just fine selling fossil fuel-powered trucks to the domestic market.
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.
>the money we should have been using to subsidize and kick-start American automakers
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..
https://archive.ph/xqEbO