“The electric vehicle (EV) subsidies under the Biden administration are part of the
Inflation Reduction Act (IRA) and include significant “Made in America” requirements. To qualify, vehicles must undergo final assembly in North America (which includes the U.S., Canada, and Mexico), and there are strict rules for the sourcing of battery components and critical minerals.” Google AI.
What’s the difference between a $7500 tariff on a foreign made EV car and a $7500 tax credit for an American made EV car? Why can Tesla make EV’s and Ford is finding it challenging? Because Tesla is the only US based car company that is not unionized by the UAW! The very same thing happened when GM opened Saturn to make low cost cars to compete with Japanese cars! GM would shut down Saturn in 2010.
And that is all I’m going to say about that!
Drain the Cesspool 