The True Cost Of The Biden-Harris Bet To Electrify Vehicles
by Duggan Flanakin Aug 12, 2024
kamala clean transport program
Two months into his Presidency, Joe Biden announced a $2 trillion infrastructure plan that included $174 billion in grants, subsidies, and other payouts to encourage Americans to switch to battery-electric vehicles (BEVs). [emphasis, links added]
Since that initial “investment,” billions and billions more have been poured into what is increasingly a failing effort to convince or cajole auto buyers to switch.
These huge expenditures, together with COVID and war monies, have ballooned the national debt to the point that 76% of income taxes are needed just to pay interest on that debt. Many fear that profligate spending has the nation’s economy on the verge of collapse.
The fault lies in the very concept that Government Knows Best.
https://climatechangedispatch.com/true-cost-biden-harris-billions-electrify-vehicles/
