Taxpayers Bankroll Electric Vehicles Even as Fewer People Buy Them
Ford and General Motors have tempered plans for E.V. production, but governments still spend billions of dollars in incentives.
Ford and General Motors have tempered plans for E.V. production, but governments still spend billions of dollars in incentives.
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
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.
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.
Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.
The new administration plans to end the state monopoly on oil and gas.
Rather, Downing Street should prioritize "stability in government policy," cautions Policy Exchange's Geoffrey Owen.
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.
Plus: Home equity theft at the Supreme Court, New York shows how not to legalize marijuana, and more...
"When we look at solar and wind around the world, it always correlates to rising prices and declining reliability."
In 2021, the state of Georgia made an expensive bet on an unproven company that could be headed for financial catastrophe.
The rich are getting richer under the Inflation Reduction Act.
One place where environmentalists and libertarians are on the same page
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.
The Inflation Reduction Act extended tax credits for buying electric vehicles, but the requirements will put them out of reach for most customers.
The Department of Energy has announced a good way to spend some of the funds authorized by the Bipartisan Infrastructure Law.
Ending subsidies can help cut emissions and energy costs.
After just six weeks in office, the embattled Conservative leader is out.
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
America gets about 42 megawatts of power from offshore wind. Another 18,000 megawatts are currently tied up in permitting battles.
Why should we believe that this boondoggle will produce better results than hundreds of other corporate welfare programs?
Brayton Point was a coal-fired plant that tried to clean up its act. Protesters and politicians demanded its closure. A new offshore wind project won't be sufficient to replace it.
Even Democrats are criticizing the bill's unrealistic expectations.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
You can support pre-K education and affordable child care and worry about climate change while understanding that policymakers need to get out of the way.
The $3.5 trillion bill includes a new program to subsidize the makers of "sustainable aviation fuel."
Corporate welfare hurts the people who actually need help.
The tech billionaire isn't alone among the mega-wealthy in getting piles of money from government at all levels, say the authors of Welfare for the Rich.
It's uncanny how solving climate change just happens to require the progressives' longstanding economic agenda.
Incentive programs for electric cars and solar panels mostly benefit those who can afford those things, while regulations that drive up the cost of energy hurt those who can't afford much to begin with.
Say hello to "Cash for Clunkers 2.0."
Extending the justification would allow government intervention into just about anything.
Nearly a year into his term, it's clear the president intends to flood the bog with energy mandates and subsidies.
Government monopolies drive prices up.
Trump will not stop 'irrevocable' transition to clean energy, say activists
Subsidies for Everybody! Nukes evidently need subsidies to compete with renewable subsidies.
While supposedly delivering about the same amount of electricity.
The U.S. renewable fuels standard backfires
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