“auto industry executives admitted this week that their ambitious electric vehicle plans are in jeopardy”
They shouldn’t have engaged in these plans to begin with. They can’t say they weren’t warned that this was foolhardy.
Makes me angry we paid with our taxes for the stupid things.
Some, not all....
“The federal government is planning to spend $770 million on zero-emission vehicles and charging stations in fiscal 2023 as agencies begin ramping up to meet President Biden’s ambitious timeline to phase out gas-guzzling cars and trucks.” Jul 21, 2023.
“Biden administration aims $2 billion in grants at US electric vehicle transition.”
“The Infrastructure Investment and Jobs Act of 2021 provides up to $7.5 billion in subsidies for new EV charging stations. “
“The federal tax benefit, which was recently modified by the Inflation Reduction Act for years 2023 through 2032, allows for a maximum credit of $7,500 for new EVs, and up to $4,000, limited to 30% of the sale price, for used EVs. Taxpayers can only claim one credit per vehicle.” Oct 11, 2023
“They shouldn’t have engaged in these plans to begin with.”
I’ll bet their plans have always included a cheap switchback of their plants to conventional cars.
There is a market for electric vehicles. That market is small and has been largely satisfied.
Electric vehicles are virtue signaling with too large a price tag for most consumers.