US Government Promotes EV s; Result Is Gifting Chinese Electric Vehicle Auto Makers Billions Of Dollars and Increased Support For Attempt At EV World Domination
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•A few Senators introduced a new EV subsidy bill: 400,000 cars at $7,000 each, per manufacturer.
•You just wait to see a long list of Chinese automakers now starting to sell in the U.S. to take advantage of this U.S. taxpayer gift.
•Meanwhile, U.S. demand for Teslas near-term will likely plummet, as consumes hold out for the prospect of a greater taxpayer gift in 2020 or 2021.
•While waiting, they may buy a different EV instead, from any of the other automakers where a $7,500 subsidy is available right away.