U.S. to end subsidies for electric cars, renewables: White House

[DonViejo]

Source: Reuters



DECEMBER 3, 2018 / 2:02 PM / UPDATED AN HOUR AGO

WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Monday the United States will end subsidies for electric cars and other items including renewable energy sources.

Asked about actions planned after General Motors announced U.S. plant closings and layoffs last week, Kudlow said he expected subsidies for buying electric cars will end in 2020 or 2021. Kudlow said the Trump administration will end other subsidies, including on “renewables.”

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Read more: https://www.reuters.com/article/us-usa-trump-autos/u-s-to-end-subsidies-for-electric-cars-renewables-white-house-idUSKBN1O22D4

[pnwmom]

1. If these were based in legislation, how can the WH end them? n/t

[StevieM]

4. They can let them expire if they are scheduled to sunset at a certain date. (eom)

[The Liberal Lion]

2. If there is something stupid to be done that will cause more harm and is backward looking

expect more than ever for this illegal trump white house to do it.

[AJT]

3. Just how can the white house do that?

[PSPS]

14. It can't, and this foolishness will end in about a month.

[VMA131Marine]

5. To be honest

Giving a $7500 tax credit for buying a $100,000 Tesla Model S always seemed a bit ridiculous. But keeping the subsidies for the lower priced cars like the Volt, Bolt, etc is a no-brainer. I believe the tax credits on Toyotas have been substantially reduced because they start to phase out after a certain number have been sold and Toyota is way over that threshold.

Ending the subsidies on renewables would benefit them if the implied subsidies on coal, oil, and natural gas were also removed.

[tinrobot]

13. To be fair, Tesla has motivated the rest of the auto industry

One of the reasons we're seeing more electric cars from other manufacturers is because Tesla has become successful. Despite being expensive, they have shown electric cars really can be practical.

On top of that, they are an American company. It's nice to see those subsidies going to support US technology and workers.

[progree]

21. Plenty of new electric cars are available for $29,000 - $40,000, and they are cheaper overall

than their gasoline counterparts over the car's lifetime if you drive them like 15,000 miles or more a year. (Their operating costs including the electricity are about 1/2 of that of their gasoline counterparts including gasoline). At least per a study I've seen...

So they are not just for the wealthy. (Used ones would of course be less, but I don't know how much of a market there is in that)

Here are some of the EV's (they don't cover the economics vs. gasoline cars in this article)
https://insideevs.com/8-cheapest-bevs/

[jmowreader]

6. He has to pay for his idiotic tax cut somehow

And as someone else said, giving a $7500 tax break to the purchaser of a $100,000 Tesla is not such a great thing. I kinda wish they would have spent the money a little differently: instead of giving each rich person who buys one of these cars $7500, take $10 million and divide it among 10 fine engineering universities to create better and less expensive electric cars and batteries for them.

[sakabatou]

7. Because screw the environment?

[hatrack]

8. Because "Own The Libtards huhhuhhuhhuh!!!! Huh-huh!!!!"

That's why.

[femmedem]

26. Exactly. There are only two things that motivate him: spite and greed. n/t

[Gothmog]

9. Congress needs to change the law for this to be effective

[left-of-center2012]

10. Maybe Trump wants cars to burn coal?

He campaigned on "bringing coal back".

[SergeStorms]

18. I was going to say....

that he can now offer more "incentives" to bring the American coal industry back. Immediately after that he can revitalize the Buggy Whip industry as well.

[bronxiteforever]

11. I guess the GOP wants to own David Attenborough.

They are a really despicable lot.

[Moostache]

12. BREAKING NEWS: Trump to promote seal clubbing, claims too many seals are killing arctic...

Or substitute any other ludicrous headline bullet you can think of...we have officially gone through the looking glass and into Wonderland at this point...

For anyone doubting whether or not we would have climate armageddon in the 21st century, wonder no longer...billions are going to die and those alive today WILL live to see it happen. Just as no one in the roaring twenties envisioned the Crash and Depression, so too we have far too many people today that are unable to recognize the peril of the current situation.

We are well and truly fucked. To future generations, toiling in abject misery and trying to survive, I am sorry I was powerless to do more...I tried, I failed.

[SergeStorms]

19. The Seals....

broke the tectonic plates that caused the earthquake in Alaska. He wants fewer Seals in a china shop I guess.

[Moostache]

23. Makes sense in a Trumpy-bear kinda way...(n/t)

[Firestorm49]

15. HELL YES, KEEP MOVING SOCIETY FORWARD, WHITE BOYS!

[OxQQme]

16. Yeh, let's go back to steam power

M.A.G.A. indeed

[SergeStorms]

22. 0 - 60...

on a cord of wood! Now that's the thinking that will make America great again!

[progree]

17. Title has been changed to: "White House SEEKS to end subsidies for electric cars, renewables"

(I added the emphasis in the title because the sun sets early these days) Some of the article was also changed, for example:

White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources.
...
Experts say the White House cannot change the cap unilaterally. U.S. President Donald Trump last week threatened to eliminate subsidies for GM in retaliation for the company’s decision.

Kudlow made clear any changes in subsidies would not just affect GM. “I think legally you just can’t,” he said.

[olddad56]

20. trump is the endowment's enemy #1.

[kaotikross]

24. Classic trump, shortsighted as usual

Gas prices go down temporarily so he figures he "fixed it" and who needs those electric cars, anyway?

[Monsieur_Grumpe]

25. Wall Street cleans up on 'clean coal'

https://www.reuters.com/investigates/special-report/usa-coal-wallstreet/

Irony dies again.

MG