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“Late last month, electric vehicle maker Rivian Automotive got a $6.6 billion loan to build a factory in Georgia that has stalled as the startup has struggled to make a profit.”
Only the Federal Government would “LOAN” a company that cannot make a profit 6.6 billion!
The federal government has literally done this all the time for the entire history of our country.
Only half as bad as loaning the richest man in the world about half a billion dollars for his Tesla company.
What an absolute waste of money.
Once gasoline hits $1.80 again it will be difficult to move electric vehicles.
And just how soon, Peter, will gas be $1.80 again? When the XL Pipeline is finally built by Trump? That ain’t happening. When US oil companies “drill baby drill”? That ain’t happening either. Fossil fuels have as much of a future as your great-great-grandfather. Adapt, Peter, or get left behind muttering “if only…”
The only way this happens is with a massive economic crash. It’s literally not possible to sell gasoline at $1.80/gal and make a profit.
100%. When DOGE cuts almost all inflation with elimination of ~$2-3T in waste, oil companies can drill domestically again and have fracking regs stifled, gas is going to dip massively. All costs for ALL goods are about to to blow Americans’ minds with reductions. Gonna have a massive 4 year run. Time to hire Americans and blow the doors off US growth. Eff the rest of the world. Need some “me-time” for this country.
Regarding “fossil fuels”, Brent how do you suppose the energy to “fuel” these electric cars come from? It ain’t solar buddy! Your freaky green types don’t want nuclear or natural gas….you want horse and buggies but wait, what about horse farts????
John, renewable energy generates over 20% of all electricity in the US – and that percentage continues to grow. In 2022, annual U.S. renewable energy generation surpassed coal for the first time in history. I’m not a freaky green type either, just a Republican boomer who looks to the future because it’s more exciting than looking at the past (apologies to your horse).
Not too bright, are you?
It’s shocking how bad some people want to stay in the stone ages. They pass judgment on EV/PHEV yet have never sat in one let alone owned one.