Energy expert: Companies, markets should dictate electric car switch, not government plans

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The White House approved $5 billion in infrastructure spending to expand the electric network, but some remain skeptical the money will go where it's most needed.

The Biden administration and Departments of Transportation and Energy have$5 billion of investment from the president’s infrastructure bill to build out the national EV charging network.

The National Electric Vehicle Infrastructure Formula Program will make some funds available after states submit a development plan for how they plan to use the funds, but the Honorable , director of Life:Powered at the Texas Public Policy Foundation, told FOX Business that the money will end up where it’s not needed.Tesla automobile plugged in and charging a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016.

The government has pushed for car companies to pursue EVs and consumers to buy them, which is going to add stress to the systems as states push to rapidly expand capabilities to handle the greater demand that will result from it. Isaac believes the money will mostly end up in larger states, like New York and California, rather than the states where the manufacture of EVs occurs.

 

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SenRickScott This is what this presidency has wanted from day one…

SenRickScott All because Republicans handed the country over to Dr Faucci

SenRickScott WRONG! It’s happening in all corners of the world. ALL large central banks in the world pumped money in the system to fight crises. This has happened way before Biden. GOPLiesAboutEverything

SenRickScott GLOBAL inflation caused by a GLOBAL pandemic impacting the GLOBAL supply chain. Meanwhile… GOP, 'INFLATION!!! BIDEN's FAULT!!!' (but they won't show up to work)

SenRickScott USA Cases-------------Deaths 79,808,643------952,603 from the Trump Virus CA--8,862,038----83,572 TX--6,559,399----83,252 FL--5,807,517------67,914 NY--5,042,417-----67,180 PA--2,731,856-----42,533 IL---3,007,987-----36,195 GA--2,446,525----34,464 OH--2,638,202----35,372

SenRickScott Yes, fed printed $5T under Trump after huge tax cuts. What do you think was going to happen?

SenRickScott If would be rare in history to see food inflation 20%, rents 40% during the first presidential year. If he would be Trump, he would have been impeached 10 more times by Dem.

SenRickScott Nobody seems to mind that Powell is a lawyer and NOT an economist! He isn't qualified to look after the financial/economic well being of a country. He's qualified to prosecute a shirty government though...

Tesla is going all the way up ! Sometimes dog can fly lolz

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