Bad Bets: Massive EV Subsidies Not Paying Off – RealClear Investigations

While no one has calculated exactly how many federal and state dollars both Republican and Democratic elected officials have sent to that green sector, experts RealClearInvestigations consulted fixed the total north of $100 billion. Currently, Rivian builds its EVs at an Illinois plant, but the company has been losing roughly $39,000 per EV it sells.
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Nite Cat
3 months ago

I’ve only seen a total of 2 Rivians on the road in IL. But tons of Teslas.

Call my shrink
3 months ago

Sucking up to the green vote our political geniuses jumped on the EV train. Of course without studying all the downsides. Anything for a vote

Sam
3 months ago

Ford was losing $100,000.00 per EV.

Leaving Soon, just not soon enough
3 months ago

EV’s are the future, it is just everything Illinois does fails. EV’s are taking over in the world markets. China is leading the way in the production of them. Great cars at great prices, they are not allowed in the US because they would take over the market.

Sam
3 months ago

Why is TAXPAYERS MONEY 💰 needed to support them ??? EV stations built for them . Tax credits to buy them .

Call my shrink
3 months ago
Reply to  Sam

But with this new tax policy for EV’s. The state will stick it to them

Wally
3 months ago

With the recent horrible winter weather, I can’t see consumers in northern states lining up for EVs to freeze to death in.

JackBolly
3 months ago

Crony Capitolism works only for the insiders.

The Railroader
3 months ago

“Shocking. Positively shocking.” – Sean Connery, James Bond, Goldfinger, 1964.

Illinois political animals know just what to do: Confiscate even more taxpayer dollars and hand it to their friends and pals in this industry. They just need to make the pile of confiscated taxpayer cash big enough for the skim.

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