4 ms·
Energy secretary defends tax credits for EVs made by unionized automakers
- ryzvonusef 5y ago* Energy Secretary Jennifer Granholm on Friday defended the Biden administration’s proposal to give tax credits for electric vehicles made by unionized automakers. * The proposal could exclude EVs from non-union Tesla. * Elon Musk’s Tesla recently surpassed a $1 trillion stock market value, making it more valuable than GM, Ford, and several other global automakers combined.
- ryzvonusef 5y agopossibly related news: https://www.bloomberg.com/news/articles/2021-10-29/amazon-discloses-20-stake-in-ev-maker-rivian https://www.bloomberg.com/news/articles/2021-10-29/amazon-di... None of the new EV automakers (Rivian/Lucid etc)seem to be Union Also, Elon linked to this article on UAW corruption, not sure if that sways opinion: https://www.cnbc.com/2021/06/10/second-uaw-president-sentenced-to-prison-in-union-corruption-probe.html https://www.cnbc.com/2021/06/10/second-uaw-president-sentenc...
- Bostonian 5y agoShe is defending the indefensible. The reason for the credit is that unions tend to support Democrats. What if a Republican president proposed a tax credit for EVs only made by nonunion labor?