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Transcripts for FOXNEWS The Journal Editorial Report 20240604 19:33:00

Paul: what is the situation in the united states for electric vehicles? the biden administration is shoveling enormous subsidies for consumers to purchase them, $7500 car, and electric vehicle, but also the companies themselves and the batterymakers to move into ev production. are we doing too much here that could create trouble? the automakers are losing a lot of money on these evs. the battery manufacturing tax credits can reduce the cost of manufacturing batteries, 40% is actually the biggest component of an ev. you mention mentioned $7500 tax credit, states offer 44,000 to 5000 in rebates for buying

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Joe-biden
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