Rivian Pauses Construction at Factory That Costs Georgia Taxpayers $1.5 Billion
The company will now build everything in its existing Illinois factory, pausing construction on the Georgia plant until "later."
Energy Subsidies
Here's Why Government Should Stop Throwing Money at Green Energy
In California, which has a slew of renewable energy regulations, the cost of electricity increased three times faster than in the rest of the U.S.—and the state still doesn't even get reliable energy.
Film Produced by Travis Kelce To Benefit From Green Energy Tax Credits
The Inflation Reduction Act of 2022 apportioned billions of dollars for green energy tax credits while also allowing them to be sold to other taxpayers.
Study Funded by Shell Convinced Pennsylvania To Give Shell $1.6 Billion Tax Break
The tax credits currently rank as the largest subsidy in state history.
Feds To Spend Hundreds of Millions of Dollars on E.V. Chargers in 'Disadvantaged Communities'
The projects include $1.4 million for a charging station in a remote Alaskan community with barely 2,000 people.
G.M. To Lay Off 1,300 Michigan Workers Despite $824 Million in State Incentives
The bulk of the employees may be able to find work elsewhere within the company, but the state could still be on the hook for the promised cash.
Tesla's Expensive New Cybertruck May Qualify for $7,500 in E.V. Tax Credits
According to a Treasury Department website, two of the three Cybertruck models currently offered would qualify for tax credits.
North Carolina's Bad Billion-Dollar Bet on a Struggling E.V. Company
Vietnamese electric vehicle manufacturer VinFast has lost $5.8 billion in three years, during which time the state of North Carolina pledged $1.2 billion in state incentives.
Gas Tax Revenues Decline as Cars Get More Efficient. How Will Government Pay for Roads?
Lawmakers should consider a user-fee system designed to charge drivers by the mile.
Ford E.V. Battery Plant in Michigan Named Worst Economic Development Deal of 2023
For the third time in five years, the Center for Economic Accountability found an electric vehicle or battery plant to be the most egregious waste of taxpayer funds.
Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Taxpayers Bankroll Electric Vehicles Even as Fewer People Buy Them
Ford and General Motors have tempered plans for E.V. production, but governments still spend billions of dollars in incentives.
The Real Scandal in Washington Is the Government's Reckless Spending
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
'Bidenomics' Is Failing Everyday Americans
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
E.V. Summer Road Trips: Are We There Yet?
Not unless you want to get stranded in the heat trying to find a charging station.
Politicians Say They Want To Fight Climate Change. So Why Are They Fighting China on Electric Vehicles?
Rather than posing a national security threat, the growth of China's E.V. industry is an opportunity for global innovation.
Nikki Haley Slams Biden's 'Green Subsidies'
The GOP presidential candidate also definitively said climate change is real.
China's E.V. Graveyards Are an Indictment of Government Policy
A Bloomberg report blames "unconstrained capitalism" for a glut of abandoned electric vehicles. But the industry also received billions of dollars in public funds.
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
Buy Your Own Damn E-Bike
The popularity of e-bike subsidies doesn't mean these programs are creating more e-bike riders.
Tesla Solar Factory Not Living Up to New York's $1 Billion Investment
In exchange for $1 billion, the state expected 5,000 jobs and 1,000 installations a week. Instead, it reported 1,700 jobs, most of them Tesla data analysts, and 21 installations per week.
Ohio E.V. Manufacturer Fails Despite Millions in Taxpayer Subsidies
Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.
Nigeria Looks To Reduce State Role in Energy Sector
The new administration plans to end the state monopoly on oil and gas.
U.K. Think Tank Warns Government Not To Get Into E.V. 'Subsidy Race'
Rather, Downing Street should prioritize "stability in government policy," cautions Policy Exchange's Geoffrey Owen.
Rivian Continues To Hemorrhage Money Despite $1.5 Billion in State Incentives
According to a new Bloomberg report, Rivian has lost 93 percent of its market value since November 2021. The state of Georgia is still on the hook for as much as $1.5 billion in state incentives.
Ethanol Subsidies Could Trip Up Debt Ceiling Negotiations
Plus: Home equity theft at the Supreme Court, New York shows how not to legalize marijuana, and more...
The Push To Eliminate Fossil Fuels Is Hurting Poor People
"When we look at solar and wind around the world, it always correlates to rising prices and declining reliability."
Georgia Is Shoveling Cash Into a Failing Electric Vehicle Company
In 2021, the state of Georgia made an expensive bet on an unproven company that could be headed for financial catastrophe.
The Morally Funky Math of Homeowner Handouts
The rich are getting richer under the Inflation Reduction Act.
U.N. Climate Report Recommends Ending Fossil Fuel Subsidies
One place where environmentalists and libertarians are on the same page
Electric Truck Manufacturer Featured in Super Bowl Ad Got $186 Million in Taxpayer Subsidies
Stellantis, one of the largest automakers on the planet with billions in cash on hand, got a generous handout from the state of Indiana for choosing to build its battery manufacturing plant there.
Democrats Say They Support Green Energy. Why Do Their Policies Say Otherwise?
If you look closely, you'll find a lot of contradictions.
Good Luck Qualifying for New Tax Credits on Electric Cars
The Inflation Reduction Act extended tax credits for buying electric vehicles, but the requirements will put them out of reach for most customers.
Biden Administration Deploys Prizes to Address Climate Change
The Department of Energy has announced a good way to spend some of the funds authorized by the Bipartisan Infrastructure Law.
Subsidies Won't Fix the Energy Industry
Ending subsidies can help cut emissions and energy costs.
Liz Truss Resigns as British Prime Minister
After just six weeks in office, the embattled Conservative leader is out.
The U.K.'s New 'Free Market' Prime Minister Is Fighting Inflation With Price Controls
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
The Biden Administration Is Taking From the Poor and Giving to the Rich
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
The Biggest Obstacle To Building Offshore Wind Farms Is Government
America gets about 42 megawatts of power from offshore wind. Another 18,000 megawatts are currently tied up in permitting battles.
How To Waste $1 Trillion
Why should we believe that this boondoggle will produce better results than hundreds of other corporate welfare programs?
How a Massachusetts Power Plant Illustrates America's Fraught Shift to Green Energy
Brayton Point was a coal-fired plant that tried to clean up its act. Protesters and politicians demanded its closure. A new offshore wind project won't be sufficient to replace it.
The Democrats' New Inflation Bill Includes Tax Credits for Electric Vehicles That Don't Exist
Even Democrats are criticizing the bill's unrealistic expectations.
Democrats Are Trying To Push Through Another 'Build Back Better' Bill. It Would Only Make Inflation Worse.
Here's hoping we don't wind up with more of the spending and favoritism that's become so common.
The 'Build Back Better' Bill Will Spend a Lot of Money To Make Our Problems Worse
You can support pre-K education and affordable child care and worry about climate change while understanding that policymakers need to get out of the way.
Build Back Better Bill Would Lavish New Corporate Subsidies on Biofuel Industry
The $3.5 trillion bill includes a new program to subsidize the makers of "sustainable aviation fuel."
Memphis Gave IKEA $9.5 Million While Several Smaller Furniture Stores Went Under
Corporate welfare hurts the people who actually need help.
Elon Musk, Welfare King!
The tech billionaire isn't alone among the mega-wealthy in getting piles of money from government at all levels, say the authors of Welfare for the Rich.