The only bad news is that we’re subsidizing EVs in the first place.
I’m interesting in the Rivian angle to the story due to the Rivian battery plant being built in Georgia. Kemp gave the company some major tax breaks to built the plant in a rural part of Georgia. Tax payers have sued but judges have sided with Rivian and dismissed their cases.
From what I understand Rivian is cash poor and does not have the money to last but another two years without beginning to produce a viable product that sells. Tax dollars shouldn’t be propping them up. The entire Rivian EV battery thing has the smell of Solyndra to it. Suck money out of the tax payers, then go out of business. The battery efficiency is just not ready for prime time and shouldn’t be subsidized by tax dollars.
https://www.fool.com/investing/2023/03/01/rivian-is-burning-through-cash-but-its-customers-l/