Source: The American Prospect
by David Dayen
“The $7,500 federal electric-vehicle rebate was always likely to be the most endangered of the Biden administration’s clean-energy investments. Tax breaks for building factories at least creates jobs and, perhaps more important, corporate stakeholders. But the EV rebates benefit consumers whose lifestyle choices are coded as liberal. States that didn’t vote for Trump lead the way on EV adoption. This fits with the ‘punish my enemies’ imperative of the Trump administration. But there was a hitch here: Elon Musk decided to become Donald Trump’s biggest and wealthiest fan. For a moment, you could see the EV rebates sticking around. After all, nobody has thrived more off those rebates, including the ones in place before the Inflation Reduction Act, than Tesla. Unfortunately, that is not the logic of the would-be monopolist.” (11/18/24)
https://prospect.org/economy/2024-11-18-teslas-bid-pull-up-ev-ladder/