Biden, the 'Most Pro-Union President,' Reaps What He Sows
Labor actions largely respond to policies that cause widespread pain.
Labor actions largely respond to policies that cause widespread pain.
Plus: Trump criticizes abortion bans, new TikTok trend asks how often men think about the Roman Empire, and more…
Not unless you want to get stranded in the heat trying to find a charging station.
Rather than posing a national security threat, the growth of China's E.V. industry is an opportunity for global innovation.
The GOP presidential candidate also definitively said climate change is real.
A Bloomberg report blames "unconstrained capitalism" for a glut of abandoned electric vehicles. But the industry also received billions of dollars in public funds.
Confessions of a Carter administration economist
It's a short-sighted approach that distracts us from the more important question.
State and countries should make their business climates more attractive to investment, not just dole out taxpayer money.
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
The popularity of e-bike subsidies doesn't mean these programs are creating more e-bike riders.
In exchange for $1 billion, the state expected 5,000 jobs and 1,000 installations a week. Instead, it reported 1,700 jobs, most of them Tesla data analysts, and 21 installations per week.
The group stresses that it supports the government's ultimate goal of electrification, but the method of achieving that goal should be realistic.
Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.
We once ranked No. 4 in the world, according to the Heritage Foundation. Now we're 25th.
And it undercuts energy efficiency investments already made by millions of Californians.
It's no Orson Welles as Unicron, sadly. But I'll take it.
Rather, Downing Street should prioritize "stability in government policy," cautions Policy Exchange's Geoffrey Owen.
Texas's $200 annual E.V. fees seem like a lot of money but is largely in line with what owners would likely pay in gas taxes.
Carmakers don't need a crony-capitalist slush fund.
According to a new Bloomberg report, Rivian has lost 93 percent of its market value since November 2021. The state of Georgia is still on the hook for as much as $1.5 billion in state incentives.
The House passed a resolution that will reimpose tariffs on solar panels from China, while the EPA sits on applications for carbon capture technology that may soon be mandatory.
The credits may be well-intentioned, but they will distort the market and lead to a windfall for U.S. companies.
The Biden administration wants as many as two-thirds of all new vehicles sold in the U.S. by 2032 to be electric. But the market should decide how to make that switch.
In 2021, the state of Georgia made an expensive bet on an unproven company that could be headed for financial catastrophe.
The Inflation Reduction Act imposes byzantine requirements to qualify for the credits. Some automakers are simply ignoring them and finding other ways to lower prices.
The state promised Ford nearly $900 million in incentives, including new and upgraded roads. But it chose to run that new road through a number of black-owned farms.
Volkswagen unveiled a cheap new electric concept car, but protectionist policies mean it's not worthwhile for the company to introduce it in the U.S.
Under the Kelo v. New London Supreme Court decision, a state can take private land to give to a private developer for almost any reason it wants.
"It's very easy for politicians to legislate freedom away," says Northwood University's Kristin Tokarev. "But it's incredibly hard to get back."
Americans are increasingly buying electric cars. Electrochemists and their innovations will drive down the cost of powering them.
Stellantis, one of the largest automakers on the planet with billions in cash on hand, got a generous handout from the state of Indiana for choosing to build its battery manufacturing plant there.
If you look closely, you'll find a lot of contradictions.
Biden sat in a truck that costs as much as $120,000 to promote a tax credit that only applies to electric vehicles retailing for up to $80,000.
The factory may have been a bad deal for Virginia, but tying the decision to Chinese aggression is the wrong move.
The Inflation Reduction Act extended tax credits for buying electric vehicles, but the requirements will put them out of reach for most customers.
When I was young, I assumed government would lift people out of poverty. But those policies often do more harm than good.
Rivian, an electric truck manufacturer that hopes to compete with Tesla, received a lucrative deal to build a new factory in Georgia despite concerns about its finances.
If all Californians bought E.V.s tomorrow, it would be a nightmare.
"Engineers are really good at making things better, but they can't make them better than the laws of physics permit."
The Buy American program, used to encourage the buying of American made electric vehicles, not only limits access to EVs but risks a trade war with the E.U.
Many politicians who want to ban gas-powered vehicles appear to misunderstand the science.
Honda, one of the world's largest automakers, announced it would spend $4 billion building and upgrading factories in Ohio. The state is showering it with public funds anyway.
While that might seem backward, even the most worthwhile green energy goals will require some level of trade-off if they are to be achieved.
The current franchise dealership model does not benefit consumers. It also may not benefit dealerships.