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| Topic | Elon Musk slams Biden's plan to spend government money on electric vehicles |
| Lebronwon 12/07/21 11:59:11 AM #1: | https://www.cnbc.com/2021/12/07/elon-musk-speaks-out-against-biden-social-spending-and-climate-bill.html Tesla CEO Elon Musk said hes against President Joe Bidens social and climate spending bill, pointing to his concerns about the insane federal deficit. Honestly, I would just can this whole bill, Musk said late Monday during The Wall Street Journals CEO Council Summit. Dont pass it, thats my recommendation. The Build Back Better Act, which has passed in the House but has yet to go to the Senate, includes tax incentives of up to $12,500 for vehicles built by autoworker union members to spur consumer demand in electric vehicles. The Biden administrations efforts would reinstate a $7,500 federal credit for Tesla, which doesnt have union workers building cars, once again giving Tesla the same credits that many other automakers are still eligible for. But Tesla has been operating without the standard $7,500 for nearly two years now and is doing just fine, Musk said. The Build Back Better Act follows Bidens infrastructure bill, which was signed into law last month. It includes $7.5 billion to build out the nations electric-vehicle charging stations. Musk also said Monday that government funding for EV charging is unnecessary. Do we need support for gas stations? We dont, Musk said. So theres no need for support for a charging network. I would delete it. Im literally saying get rid of all subsidies, but also for oil and gas. Musk said the government should act more like a sports referee than a player on the field. Still, he conceded that some infrastructure, such as airports and highways, could use improvements. --- Not 1, not 2, not 3, not 4, not 5, not 6, not 7 ... Copied to Clipboard! |
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