Electric Vehicles Taste Like Cake

© The Rooster Crows March 12 2023

While families struggle with keeping food on the table and maintaining their 11 year old vehicle, our President’s plan is to give more and more of our hard earned tax dollars to foreigners and huge corporations through regulation and legislation.

According to Notebook, “representatives of VW and other potential EV battery makers met with European Commission officials last week in Brussels, and laid out their argumentation why they would be putting their Europe-based projects on hold in favor of the US. VW, in particular, calculated that it will receive up to US$10 billion from the US government over the IRA’s 10-year subsidy span.” The Financial Times and Marketwatch also reporting the $10 Billion subsidy.

The article goes on to say “The incentives include US$0.35/kWh of produced battery capacity, as well as a similar assembly subsidy. Analysts recently calculated that Tesla will be getting up to $3.5 billion annually… “

Unfortunately, this means an increase of Chinese imports for materials and further degradation of the people in Africa who have been reported to mine cobalt for EV batteries with their hands. China struck a $6. 5 Billion deal with the African government for mining rights. These deals between Africa and the Chinese were reportedly initiated by the investment firm of Hunter Biden.

Spending billions of tax dollars on new technology while USA citizens are struggling to meet basics needs and our national deficit grows is irresponsible. “Let them eat cake! “

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Foreign Companies and Expensive Car Owners Recipients of the Poor’s Tax Dollar

© The Rooster Crows March 11 2023

Billions handed out to foreign EV companies while Americans Suffer. This time a German company planting its feet in South Carolina.

Scout Motors is a subsidiary of the German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany who had a net income of $15.4 Billion in 2021. The brand Scout will be produced in South Carolina at the cost of all citizens but especially those living in the State and County giving Scout a $1.3 Billion package plus added benefits.

In order to attract a foreign owned $2 billion electric vehicle plant to Blythewood, South Carolina agreed spend $1.3 billion. The Scout Motors also will be given $400 million for site construction as a part of the $1.3 billion package. The deal even includes $16 Million in property acquisition (eminent domain) to connect to the railroad.

The state incentives come on top of:

1. property tax break and other incentives offered by Richland County. (The company’s property would be assessed at a tax rate of 4%. Per the state Department of Revenue, manufacturing property in South Carolina is typically assessed at rates up to 10.5%. )
2. The county incentives also include stipends for employees’ child care,
3. The company also will be able get a further 50% tax break through making investments in infrastructure, a setup known as an infrastructure tax credit.
4. Receive job development credits, which are awarded for the amount of investment the company will carry out and number of jobs it creates.

During the Obama administration, federal subsidies were being launched to promote electric vehicle expansion. Today, grant and loan programs are in place to promote manufacturing from state and federal programs to expand the availability of charging stations. Individuals can also get a $7,500 tax credit for purchasing a new electric vehicle or a $4,000 credit for a used one with more than $12, 000 credit for EVs made with Union workers.

Federal subsidies for electric vehicles increased to more than $750 Million in 2014. The Obama administration alone pledged $2.4 billion dollars in grants to support the manufacturing and development of electric cars and batteries. In 2021, government approved about US$2 billion in incentives. Michigan passed a US$1.5 billion bill in December 2021 that expanded state incentives, including for EV production.

Since 2002 the EV pioneer Tesla has received the most subsidies at US$2.5 billion. As of Feb 2022:

1. Ford was next highest at US$1.5 billion, followed by
2. GM at $1.1 billion.
3. Fourth on the list is the start-up electric truck company Rivian, which is now set to received more than US$400 million from Georgia to build a new plant in the southern state…. As of Feb 2022.

As the top business owners such as Jeff Bezos, Elon Musk, and Ken Griffin warn of a coming recession in 2023 and layoffs become noticable by Tesla, General Motors, Walmart, and Goldman Sachs, our government Spends our money on the luxury ride of the rich.

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The Chinese Car, Buy American?

Irony: Americans pay Trillions of dollars to the same manufacturers politicians propagandize as being evil monsters that pay no tax.

Ford, for example, has been taking taxpayer dollars for years, specifically 2008, 2014, and 2021. They have been in debt for years while claiming on advertisements to Americans that they never took a dime. Watch for those brand new $30 Billion plants in Kentucky and Tennessee built with Inflation Reduction Act tax dollars along with investor George Soros. As a side note, SK International, a South Korea company, partnered with Ford to build those plants.

Its not just the shady investors or the taxpayer dollars but the parts source for which citizens will be forced to buy overpriced transportation to work for that very same manufacturer. The USA procurement phones will be burning up the Chinese wires.

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Political: More For Electric Cars

H. R. 9289

To amend the Internal Revenue Code of 1986 to temporarily suspend application of the requirement that final assembly of vehicles occur within North America for purposes of the clean vehicle credit, and for other purposes.

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IN THE HOUSE OF REPRESENTATIVES

November 10, 2022

Ms. Sewell (for herself, Mr. Cleaver, and Mr. Swalwell) introduced the following bill; which was referred to the Committee on Ways and Means

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Hypocrite

#electricvehicles #bidenfail #taxdollars

Electric Vehicle buyers: Stop being a hypocrite with the gas and stop using our tax dollars to fund your transportation costs.

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