this post was submitted on 14 May 2024
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United States | News & Politics

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President Biden announces a series of tariffs on green energy products from China. (lemmy.ml)
submitted 6 months ago by dessalines@lemmy.ml to c/usa@lemmy.ml
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[–] barrbaric@hexbear.net 29 points 6 months ago (1 children)

The US government does subsidize EVs (it's the only reason Tesla can exist, for instance), the problem is that all their subsidies just get used for stock buybacks. Why would a privately-owned company actually create more factories? That's just not profitable.

The most rational system.