President Joe Biden announced $12 billion in corporate welfare to U.S. automakers and their suppliers this week to subsidize a transition from gasoline-powered cars to electric cars.
This should be understood as part of the long-term effort to ban gasoline-powered cars while insisting that they are not banning gasoline-powered cars.Check out this paragraph in this CNN article on the subsidies: “The U.N.’s Intergovernmental Panel on Climate Change reported last year that aggressive, pollution-slashing changes in the global transportation sector — including the transition to EVs — could reduce the sector’s emissions by more than 80%.
“Under Bidenomics, building a clean energy economy can and should provide a win‑win opportunity for auto companies and unionized workers who have anchored the American economy for decades.”
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