Don't be silly! Besides, it worked so well that other time!
Probably just a coincidence. Nothing to see here; move along.
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Posted on 07/11/2024 7:57:22 PM PDT by E. Pluribus Unum
The federal government is spending $1.7 billion to modernize automobile manufacturing facilities, helping the industry compete with foreign subsidies and create and protect jobs.
As part of the Automotive Community Benefits Plan, the current administration will extend grants to 11 selected manufacturing plants in eight states, including in Georgia, Michigan, and Pennsylvania, that have temporarily closed or were at risk of closing.
Federal funding, which will come from the Inflation Reduction Act, will be dedicated to retrofitting factories, installing equipment, and bolstering annual production.
Grant capital will also allow these at-risk facilities to convert to manufacturing electric vehicles and related components and a broad range of new-generation cars, such as fuel cell vehicles, hybrid cars, and high-growth vehicle drive trains.
Recipients of grant funding include some of the biggest names in the automotive industry, such as Fiat-Chrysler ($584 million), General Motors ($500 million), Harley Davidson ($89 million), and Volvo ($208.2 million).
These efforts are expected to save 15,000 jobs and create nearly 3,000 new positions, most of which are union jobs, in historic automotive communities.
(Excerpt) Read more at theepochtimes.com ...
Not to mention that EV’s take far less labor than ICE cars. Those 19,000 jobs will not exist once production begins, if it ever does.
I didn’t understand this clearly until after I graduated from college, but the U.S. automotive industry has basically been functioning as a public utility for as long as even my parents have been alive.
This whole EV mandate thing is blowing up in Dems faces. Outside of California, they are a boutique vehicle, not a mass market vehicle. As long as the range issue and charging issue exists it will always be a second car boutique vehicle. My guess is politically they will have to trash the EV mandate and shut up about EVs here and go back to the mass market transition step they missed, touting hybrids and mandating higher industry fuel standards to move the industry towards hybrids. Prescient Toyota would be the hybrid mass market big winner there
Tesla
yep, could have given 17,000 citizens $100,000 and changed their lives forever, instead they give it to car companies who are overcharging for everything.
I liked the report that pointed out that the billions are going to three swing states.
“The federal government is spending $1.7 billion to modernize automobile manufacturing facilities, helping the industry compete with foreign subsidies and create and protect jobs.”
Talk about BS propaganda. Did they get to Epoch Times? A line worthy of AP.
And exactly WHERE are all the people gonna plug in their vehicles to charge them when they’re out and about?
“Bull. 1.7 Billion is going to Ukraine then back to the DNC.
count on it.”
Exactly that, grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!
i thought the dems hated corporate welfare?
or POTATUS for that matter.
They say a lot.
Money to retool for cars that no one wants. Makes sense.
ByeDone JUST BOUGHT THE UAW'S ENDORSEMENT, that's ALL this is about. What a D***.
And gas at my cheapest filling station was up 26 cents this morning.
As usual the feds get it wrong again. EV sales are tanking because few people want them. Nearly 50% of current EV owners say their next vehicle will have an ICE.
Amen brother, A freaking men. Produce a bunch of electric cars nobody wants, which cost a fortune, might as well buy a Porsch 911, nowhere to charge them; short mileage; batteries that cannot hold a charge very long; Takes hours to charge if you put in a charging station at home at a whooping cost; your home electric bill is the size of yours and both your neighbors mortgage payments each month. I guess I will have to buy a mule and get me a wagon and become like the Amish. Oh, and get me a barn to put ole Fred the mule in. Yup gonna love them electronic V-hickles.
Coincidentally going to battleground states. Smh.
The biden administration needs to put the crack pipe down.
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