@JesseJenkins When you Americans are suffering under rampant inflation, high interest rates and incompetent governments, you will need a lot more than nostalgic propaganda to get buy in. People don't care about green energy when they have no green backs in their wallet.
Section 45X of the #InflationReductionAct allocates $35/kWh in subsidies to battery cell makers.
That means that by 2026 Korean battery makers in the US w/ 200GWh each year would collect an annual subsidy from US taxpayers of upwards of $8bn until 2032!
https://t.co/W0twrhWQAT
@PaulJQuinlan How many of those new plant announcements were made by Chinese and South Korean companies opening plants in the US? Maybe those companies will help out when the US economy collapses under the weight of the $32 trillion national debt. Your selling your future for corporate profits
@TAndersonFS And it will significantly impact solar manufacturers bank balance at the expense of America's tax payers. Maybe everyone can live under the those fields of solar panels when the $32,000,000,000,000 in federal debt collapses the economy.
@GreenwaySteel@JaneAFlegal@ErinNMayfield@JesseJenkins And all these new cars will need more steel, so it means more money for Greenway Steel's bank account!
Yay sustainability! If you really wanted to help the environment, you'd stop driving cars, both ICEs and EVs and go mass transit instead.
I am begging everyone to read this by @ErinNMayfield & @JesseJenkins. 10% increase in domestic content means 1% increase in cost of solar; 20% increase in wages means 2-6% increase in costs, w basically NO RECOGNIZABLE IMPACT on clean energy deployment.
https://t.co/bXdjV4FTNn
@JesseJenkins@JaneAFlegal@ErinNMayfield I am glad Americans will be getting good jobs and cheaper EVs. None of it will matter when economy collapses under the weight of the $32,000,000,000,000 in federal debt (140% of national GDP).
@dukelovestaxes Does anyone really think this enforced tax payer generosity will go towards anything but EV manufacturers bank accounts? They may cut prices a tiny bit but the majority will go to banks and EV PACs.
@PeterCBigelow @audreylafrst In the article it says, "The intention then is to take that money and use it to enhance and increase our investments here in the U.S.," said Jeff Werner, Panasonic North America's vice president of corporate and government affairs.
Yeah. That money will go to their bank accounts.