@[email protected] to politics English • 1 month agoBiden Offers $1.7 Billion to Help Factories Build Electric Vehicleswww.nytimes.comexternal-linkmessage-square13fedilinkarrow-up1125arrow-down13cross-posted to: [email protected]
arrow-up1122arrow-down1external-linkBiden Offers $1.7 Billion to Help Factories Build Electric Vehicleswww.nytimes.com@[email protected] to politics English • 1 month agomessage-square13fedilinkcross-posted to: [email protected]
minus-square@Delta_Vlink8•1 month agoOnce the factories come online and there’s domestic product to buy, that will probably become an important component of the strategy to bring manufacturing back home. On the other hand, tax credits don’t benefit everyone who might want to buy an EV. For example, government agencies like the USPS would save nothing on the taxes they don’t pay, but they would benefit from lower prices brought about through economies of scale in domestic manufacturing. Non-profit 501©(3) and not-for-profit 501(d) corporations likewise find tax credits to be unhelpful.
minus-square@ExperiencedWinterlink1•1 month agoThere is already domestic product to buy though, why wait for these specific factories?
Once the factories come online and there’s domestic product to buy, that will probably become an important component of the strategy to bring manufacturing back home.
On the other hand, tax credits don’t benefit everyone who might want to buy an EV. For example, government agencies like the USPS would save nothing on the taxes they don’t pay, but they would benefit from lower prices brought about through economies of scale in domestic manufacturing. Non-profit 501©(3) and not-for-profit 501(d) corporations likewise find tax credits to be unhelpful.
There is already domestic product to buy though, why wait for these specific factories?