The Inflation Reduction Act Is Screwing Up the Market for Electric Vehicles
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.
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.
The market already is moving in the EV direction, so the state should just let companies do their thing.
Amid a heat wave, warnings were sent out not to recharge electric vehicles during peak hours.
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
If the Golden State wants to convert to electrical vehicles, it better start embracing nuclear power.
Even Democrats are criticizing the bill's unrealistic expectations.
A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.
The United States should consider adopting a market-based strategy for increasing electric vehicle usage.
You can thank robust competition for the fact that environmentally friendly cars are easier than ever to afford.
It's unwise to try to force consumer spending habits in defiance of the market.
Plus: RIP to sex entrepreneur Phil Harvey, Elon Musk says Congress should can Biden's spending plan, and more....
Only vehicles made in unionized U.S. factories qualify for the full amount.
We don't have a gridlock problem. We have a spending problem.
A clean-energy future will require more than just spending money.
Gov. Gavin Newsom's executive order banning non-electric cars from being sold after 2035 merely shifts the emissions from the tailpipe to the power plant.
Maybe California will figure out how to keep the lights on by then.
Say hello to "Cash for Clunkers 2.0."
Corporate welfare raises its ugly head again.
Government plays Santa Claus with your tax money.
Real reform requires simplifying the tax code.
79 percent of the EV tax credits go to households with adjusted gross incomes of $100,000 or higher
Congress should resist the call of special interests.
The paper found city officials have spent $330 million and don't have much to show for it.
Some subsidies never die.
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