If Musk wants his legacy to be counted among the greats like Edison and Ford, then he has to get off the government teat and invent the "better light bulb.
Otherwise he's just another welfare deadbeat
Posted on 12/03/2018 12:57:48 PM PST by yesthatjallen
White House economic adviser Larry Kudlow said on Monday the Trump administration will end subsidies for electric cars and renewable energy sources, Reuters reports.
Kudlow said he expected subsidies for electric cars would end by 2020 or 2021, according to the report. The remarks were made in response to a question about what the administration would do about General Motors' plans to layoff 15,000 people and shutter five plants across North America.
The company's plans have sparked outrage in Washington from both parties.
Trump last week floated cutting GM's subsidies for electric vehicles and raising auto tariffs to punish the company if it cuts jobs in the U.S.
Conservatives have pushed back against subsidies and other policies meant to promote renewables over traditional sources. Democrats, though, are calling for a Green New Deal that would transition the country to 100 percent renewable energy for electricity to deal with climate change.
The White House has also pushed back against the United Nation's recent climate assessments which urge dramatic government intervention into the economy to stave off what the U.N. says in an impending environmental disaster.
The U.S. was the only country at the G20 summit over the weekend not to sign onto the 2015 Paris Climate Accords.
MAGA! Props to President Trump!
Lets pin it down a smidge to 2020. Forget 2 more years of it.
Good!
Subsidizing some lib or mindless retard (one in the same) to drive a worthless piece of junk is an outright waste of the taxpayers money.
I’m hoping renewables includes those ugly windmills. My recollection is that our local power company once said a rate increase was because they were required to buy some of that renewable energy from a windmill. They are not cost efficient to the taxpayer or the consumer. They have got to be wonderful for those selling them and those getting kickbacks.
There is a place not too far where there are acres of unassembled windmills. I’d like nothing better than to see some salvage company cut them up for scrap.
Not really. His subsidies were already closing due to reaching production limits.
“Also electric cars place a big burden on our electrical grid. If we suddenly have tens of millions of electric cars on the road, it would strain the capacity of our electrical grid to recharge all of those cars. We would have huge problems if suddenly millions of people wanted an electric car.”
Perhaps you are not aware of all that excess capacity available when you go to bed ...
How about ending the ethanol boondoggle?
Ending the subsidies is fine but my prediction is the Elon Bashing will not diminish so much as 0.00001%
It has a life of it’s own, a lot like the Ann Coulter bashing.
Subsidies were the worst idea ever. It goes back at least to solar panels in the 1970s. If these new technologies were viable, private investment would finance them. If private investment financed them, they’d either find a way to make the endeavors viable or abandon them.
Time for rich people to pay for their own cars.
“Elon Musk is crying in his beer”
Nope. Tesla subsidies phased out once the 200,000 car was produced. If anything this puts his competitors at a disadvantage since they won’t get the same subsidy Tesla had enjoyed.
Only 5 nations are 2 degrees C Paris compatible: Bhutan, Costa Rica, Ethiopia, India, and Phillipines.
All the rest of the nations are classified as insufficient, highly insufficient, and critically insufficient.
All of the future compliance is based on continued falling of prices foe solar panels, wind turbines, batteries, etc and advances in technology between now and 2100.
The electric car batteries were over a $1000/kwh in 2010 but have fallen to $200/kwh today and when they get down to $100/kwh they will become competitive and when they get down to $25/kwh the gasoline cars won't compete with electric, maybe in 2035 or 2045.
Yep. And it’s mindless, because unlike so many of Silicon Valley, Musk hasn’t revealed himself to be on the Left. If anything he strikes me as new version of Howard Hughes.
Is there any indication that Kudlow is considering the end of the ethanol boondoggle?
The answer is none. Not a single one of the signatories to the Paris Climate Accords will attain their agreed upon reductions. The US has cut its emissions more than any other nation on earth since that deal was signed.
Like rooftop solar panels, I'm guessing most people who buy cheap electric cars (not Tesla, BMW, Lexus, etc) do so for the financial incentives, not environmental. Federal and state subsidies, free charging stations at work, parking right at the front door, free access to HOV lanes. These things can make the Volt significantly cheaper to own than it's gas powered sibling, the Cruze. Who cares if it's powered by coal?
Somes states also have subsidies like CA, TX, and CO.
More like "to each what someone else bought" if us taxpayers helped foot $7K of the bill.
I don't blame you for taking advantage of whatever rules are available to you. Just don't blame the rest of us for trying to end the subsidies.
...and given the tax credit he received, your money is his money.
About damn time....
BUT,
There are lots of limo libs and millionaires making a damned good living off of these subsidies. They are not going to take this well.
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