Posts Tagged Tesla
The rapid rise of electric vehicles (EVs) is about to disrupt state economies and budgets, but the tax break-industrial complex is on cruise control. Governments are suddenly throwing billions in subsidies at new EV assembly and battery factories. Uncle Sam, as usual, is MIA on industrial policy, so the “economic war among the states” is in overdrive. Good Jobs First Executive Director Greg LeRoy wrote about the situation for The Nonprofit Quarterly.
In the week and a half since Jerry Hirsch of the Los Angeles Times’ broke a story on billionaire entrepreneur Elon Musk’s use of subsidies as key to his business’ plans, the story has gone viral.