Biden Energy Secretary: Hit reverse on EV investments and China wins the race. Companies have announced plans to build nearly 500 new or expanded plants for batteries, electric vehicles, and their supply chains and create more than 150,000 new jobs due to the Inflation Reduction Act.
Source: mafco
4 Comments
Telling you Sleepy Joe, has run legislative circles around Bonespurs, with the fractured GOP its gonna be another lame duck session filled with witch trials, and performative politics.
America voted to become a third world country. Simple as that
The IRA barely puts the U.S. into the EV race, and China is already three laps ahead. China’s lead is far greater still in solar panels, batteries, high-speed rail, HVDC transmission…
The whole EV thing needs to be put in the context of how cheap Chinese EVs are.
It’s not EV vs ICE.
It’s more about if they want US automakers to survive.
China is going to be able to severely undercut every US automaker to the point they are barely profitable. Again that’s not specific to US made EV’s. That’s Chinese EVs vs US ICE vehicles.
If the choice was to spend 20k on a nice Chinese EV or 50k on a base model US ICE…… that’s where we’re headed.