Skip to comments.Kudlow: US to end subsidies for electric cars, renewables
Posted on 12/03/2018 12:57:48 PM PST by yesthatjallen
White House economic adviser Larry Kudlow said on Monday the Trump administration will end subsidies for electric cars and renewable energy sources, Reuters reports.
Kudlow said he expected subsidies for electric cars would end by 2020 or 2021, according to the report. The remarks were made in response to a question about what the administration would do about General Motors' plans to layoff 15,000 people and shutter five plants across North America.
The company's plans have sparked outrage in Washington from both parties.
Trump last week floated cutting GM's subsidies for electric vehicles and raising auto tariffs to punish the company if it cuts jobs in the U.S.
Conservatives have pushed back against subsidies and other policies meant to promote renewables over traditional sources. Democrats, though, are calling for a Green New Deal that would transition the country to 100 percent renewable energy for electricity to deal with climate change.
The White House has also pushed back against the United Nation's recent climate assessments which urge dramatic government intervention into the economy to stave off what the U.N. says in an impending environmental disaster.
The U.S. was the only country at the G20 summit over the weekend not to sign onto the 2015 Paris Climate Accords.
>>The U.S. was the only country at the G20 summit over the weekend not to sign onto the 2015 Paris Climate Accords.
And Paris is currently rioting over the taxation results of the Paris Climate Accords. Of course, our media is doing very little reporting on this.
Elon Musk is crying in his beer
It won’t happen cause the Dems will ultimately call the shots with a liberal judge stepping in if necessary...deep state, deep state, deep state....the left rules cause the right has no balls.
The Volt is one of the six cars being eliminated so I would imagine that the subsidies, if there are any to begin with, would go away with the Volt itself.
I presume these subsidies were approved by Congress. Taking it further, it sounds like Trump/Kudlow et al think they can stop Congress from passing bills that include future subsidies. Could that get through the House? Can it even get onto a House bill? Aren’t all funding bills supposed to originate in the House of Representatives?
I wonder how many countries that signed onto the 2015 Paris Climate Accords met their reduction targets, all of them, most of them, half of them, a lot of them, a few of them or none of them?
Excellent. That’s the only way to stop the solar/wind stupidity.
About ten years ago, the company I worked for supplied a solar manufacturer. Their fortunes took a serious dive when Spain cancelled their subsidies.
That’s where they sold many or most of the panels.
They went belly up not long after.
“Elon Musk is crying in his beer”
Or crying on his spliff.
“Kudlow said he expected subsidies for electric cars would end by 2020 or 2021, according to the report”
I would love to see that statement expanded on.
...they didn’t cancel the Bolt. My guess is that it offsets emission regulations (against big trucks). The federal subsidy was a huge part of making the vehicle viable for consumers. This would hit them hard.
I’m not sure it’ll hit Tesla quite as hard - they’re not selling any configured for less than $50,000 and there’s plenty that would pay more, so I’d doubt it’ll impact them much.
I bought a low end Volt in Jan 2016 for 33K. I wanted a dual fuel car, not because I’m a green idiot. After subsidies and rebates, I got it for 26K. As much money in taxes that I pay, I got some of it back this way. Its a great car for me - I really like it. I change the oil once a year so maintenance is minimal. It gets a lot of flames here on FR, but by people who have never driven or owned on. To each his own.
There are issues with electric cars that people seldom talk about.
One of those is that in many places in this country, the electricity needed to recharge the electric cars is being generated in Coal Fired power plants.
So in that case, the allegedly pollution-free electric car is not pollution-free, because the power to charge the batteries came from fossil fuels.
Also electric cars place a big burden on our electrical grid. If we suddenly have tens of millions of electric cars on the road, it would strain the capacity of our electrical grid to recharge all of those cars. We would have huge problems if suddenly millions of people wanted an electric car.
“To each his own.”
How DARE you!!! Don’t you know that such paternalistic white privilege notions are passe?!
Your business is MY business!!!
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