Funding Will Retrofit America's Existing Automotive Manufacturing Facilities, Expand & Retain High-Paying Auto Manufacturing Jobs, & Bolster Domestic Supply Chains, Part of the Investing in America Agenda to Create Not Just More Jobs But Good Jobs
While I agree with your sentiment, ~2/3rds of it according to the article isn’t being given to them but being available in loans. So the article should say $5.5 given away, and $10 billion made avaliable to pay back.
It’s more like investment, especially if it saves jobs. It can be a win-win. Companies have it easier time switching to EV manufacturing, which helps those companies and the environment. Manufacturing jobs are saved, both giving a living to a lot of people and helping communities and saving on benefit payments.
Could of course backfire or go to shit but investments like this from states seem like a very wise move imo.
I wouldn’t exactly be surprised if that happens but I’m not pessimistic enough to think it will hah. I’d imagine plenty of them will actually use the money for EV transition since that really is the direction things are going anyway.
I really want to go electric, but the milage just isn’t there yet for me, and add in the charging time and new maintenance routines of swapping out those batteries. I just haven’t done enough research.
I don’t think there’s anything bad with giving the manufacturers money to switch their entire production facilities to electric, I just hope the government actually understands what those funds are being used for, unlike the money they gave our ISPs for infrastructure upgrades that went to waste.
The shells may be similar or the same but inside it would be like asking an apple orchard to change all their trees to oranges, and these funds will help expedite that.
Mileage seems fine to me. My gas car gets 260-280 maybe. Electric hits similar numbers.
Charge times are getting pretty low too. 20 minutes is becoming common to hear a new car doing 20-80%. That’s slower than gas but also I’ll only do that in a pinch. Most charging will be at home during the night.
The maintenance differences are a mixed bag though. I think a lot of EVs will be essentially disposed of once the batteries are showing age.
If the phone industry can reach us anything it is manufacturers will make it expensive to change or not make the batteries.
With all that said. Giving car companies money to help them mine rare metals in 3rd world countries, buy motors from China, assemble cars in Mexico and the US…idk how that makes financial sense.
And before anyone tells me the money is only for US plants…I’ll ask you to get real.
15 billion to private companies to retool and whatever. But then they sell us what they make. None of that goes back to the tax payers.
If you work for someone else in this country you are a joke it seems.
While I agree with your sentiment, ~2/3rds of it according to the article isn’t being given to them but being available in loans. So the article should say $5.5 given away, and $10 billion made avaliable to pay back.
Loans are costs too. It’s tying up capital that could be used elsewhere
It’s more like investment, especially if it saves jobs. It can be a win-win. Companies have it easier time switching to EV manufacturing, which helps those companies and the environment. Manufacturing jobs are saved, both giving a living to a lot of people and helping communities and saving on benefit payments.
Could of course backfire or go to shit but investments like this from states seem like a very wise move imo.
Take loan
Spend it on stock buybacks
Buy a senator or 50
Profit
I wouldn’t exactly be surprised if that happens but I’m not pessimistic enough to think it will hah. I’d imagine plenty of them will actually use the money for EV transition since that really is the direction things are going anyway.
I really want to go electric, but the milage just isn’t there yet for me, and add in the charging time and new maintenance routines of swapping out those batteries. I just haven’t done enough research.
I don’t think there’s anything bad with giving the manufacturers money to switch their entire production facilities to electric, I just hope the government actually understands what those funds are being used for, unlike the money they gave our ISPs for infrastructure upgrades that went to waste.
The shells may be similar or the same but inside it would be like asking an apple orchard to change all their trees to oranges, and these funds will help expedite that.
Mileage seems fine to me. My gas car gets 260-280 maybe. Electric hits similar numbers.
Charge times are getting pretty low too. 20 minutes is becoming common to hear a new car doing 20-80%. That’s slower than gas but also I’ll only do that in a pinch. Most charging will be at home during the night.
The maintenance differences are a mixed bag though. I think a lot of EVs will be essentially disposed of once the batteries are showing age.
If the phone industry can reach us anything it is manufacturers will make it expensive to change or not make the batteries.
With all that said. Giving car companies money to help them mine rare metals in 3rd world countries, buy motors from China, assemble cars in Mexico and the US…idk how that makes financial sense.
And before anyone tells me the money is only for US plants…I’ll ask you to get real.