Take it to a Trump thread.How do you feel about bringing manufacturing back to the US? Because that's one thing that Trump always talked about but aside from a few tariffs didn't do a whole lot about. Unlike the way the current EV subsidies are structured. There are very strict qualifications in the IRA for when a vehicle is determined worthy of the credits. In order to be eligible at all it has to have been assembled in North America. Very few vehicles are currently eligible due to that restriction. BUT you may notice that just about every single foreign owned car company has a manufacturing plant under construction right now so that they will be able to meet that requirement in the next few years. I'd say that's money very well spent on blue collar workers and local engineering jobs. Even Chinese owned Volvo/Polestar have a plant under construction currently.
If that's true, then half of the credit ($3,750) is granted if the battery minerals were "extracted or processed in the United States or a U.S. free-trade agreement partner or recycled in North America." The second half of the credit requires that "battery’s components that are manufactured or assembled in North America." Good. Keep industry local and with our trade partners. What's so bad about that? It keeps our allies strong while spending very minimal money in the process and money that goes right back to taxpayers. And each of those two categories has a percentage that has to be met to qualify. It's why some Teslas fell off the eligibility list in 2024 because they weren't able to meet the increased 50% requirement. That goes all the way up to 80% in 2027 and 100% for batteries in 2029. All North American labor close to home. But you might say that's a problem because it includes Mexico and Canada. So what? We want a strong Mexico so people stop coming over the border from there and take the easier route and just stay. It's a long trip through so if Mexico becomes more prosperous we have less illegal immigration to deal with.
Win-win for short money and no military involvement. It's really a well targeted funding for local industry expansion. Unlike the CHIPS act where we're just paying giant companies to build factories here directly but US citizens don't directly get that funding back.
As far as EV - any subsidy is bad for the country. If you can't see it, go to the EV thread.
Can we continue to talk about this bill?