evs everything is being subsidized every little step from the car makers to the chargers to battery production to the mining literally everything to tax credits for the vehicles.
Wow, you nailed it! It’s amazing how many people get caught up in the culture wars and vote against their own interests. I too know that this loan to an American car company, Rivian, will be a tremendous investment in jobs in Illinois and Georgia.
When I was in the infantry this is how we would defeat the opposition: distract, obscure, and flank. It worked well on the undisciplined and inexperienced.
BRUHHH!!! Let's not talk about the Farm Subsidies along with the Oil & Gas Subsidies that comes around year after year after year for DECADES but folks panties are all up in a bunch about the $7500 EV tax credit??!!
Lets not talk about the electric companies, solar companies and nuclear power companies receiving Billions as well. You are acting like you dont benefit from lower food and transportation prices.
Nicely done to show a bigger picture with larger subsidies and a much needed broader conversation regarding what Americans are subsidizing. It would be a more even playing field working for the public.
Most Americans misunderstand what a "lobbyist" is. Lobbyists typically set the terms of engagement in negotiations with legislators. Lobbyists often author preliminary legislation which they submit to the legislator for letterhead, signature, and formal proposal as a bill. Lobbyists do the legislator's homework, help pay their bills, take them to lavish high society parties and events (as well as much less reputable venues), give expensive gifts like a sugardaddy Santa Claus, and offer seats on prestigious corporate boards which basically require them to do nothing in order to receive a massive monthly corporate paycheck for life. Lobbyists walk into legislative offices like kings. It is the legislators who often must kowtow and kiss the lobbyist's ring.
Thank you for another good video, please keep them coming. I cannot believe all the Rivian haters out there and how they have short memories. The DOE Advanced Technology Vehicle Manufacturing program has provided loans for US Automobile Manufactures for some time. A few companies have taken loans under this program such as Ford, $6B in 2009; Chrysler, $12.5B 2009; and yes even Tesla, $465M 2010.
Big oil has to stop EV adoption, so they spend millions "investing" in politicians and anti EV propaganda and misinformation (which is reinforced by their paid for politicians) in order to profit billions.
You have great content on your channel, dealing with issues in an informed way! I usually don’t comment because I watch on our TV…thanks in particular for the light you have shed on the government subsidy issue. Personally I believe the government needs to help jumpstart the EV industry so we don’t become underdogs in the world auto industry.
Thanks for the feedback! I also view RUclips on TV. I want to see the US win, and we will lose our auto industry and a lot of jobs if don't take this serious. Thanks for commenting!
Really glad I stumbled onto your channel. Really enjoy the content. I’ve been looking into getting a R1S for the fam but just might be a bit too high at the moment. I have a Ford Lightning atm and love it but would trade it for an R1S straight up if I could haha.
Loan wasn't an issue in my mind. I think the requirement to unionize could hurt them as a new auto company. I'm not sure they need the loan, but if they can expedite getting the R2 and R3, then it could help get them to profitability faster. I like the R3 as a good potential to generate significant profit because of increased interest. A large percentage of Americans still think ICE will be here to stay. China views energy independence as a strategic necessity. They dont ever want another country capable of controlling their interests. They have been building solar and wind capacity with batteries while reducing oil and coal. They are on track for energy independence through renewable sources. Add to that the millions of cars they export every year...they are making the US irrelevant in the renewable space. Companies like Rivian are essential in the EV space. Fortunately, legacy auto is finally starting to wake up to the future and develop EVs. Most aren't very good, but it's a start.
I never watched your channel before I stumbled across this video and I have to say I am a Trump supporting conservative that said I think the loan is a good thing although I think the reason Biden did it was a blow to Musk but I see it as preserving an American Auto company and American jobs not a bad thing. My wife has a Tesla model 3 and I am buying a Rivian R1s but I also have a Diesel Ram Truck. I am pro ICE and EV!
All government subsidies, tax or otherwise are corporate welfare , there’s no question. However, even Elon is against the $7500 BEV tax credits the past three years and believes the product, the vehicles, should stand on their own. I tend to agree. If we’re going to mandate a product, let the manufacturers make it so good that it will sell naturally, not artificially because you’re getting a tax credit. As a multi BEV owner, I agree with his philosophy. Make the car so good that consumers will buy it naturally because it is so good. Chase quality instead of a vehicle credit.
No, they want to emasculate the so called Inflation Reduction Act, which had zero to do with reducing inflation and everything to do with giving subsidies for solar and electric vehicle production.
Rivian said they had enough money , but its a loan, Just as Tesla received a load, Gm bailed out in 2008 45Billion!! Will Rivian make it, who knows, but you need to invest in new technologies other wise it will all come from China.
I concur; and when Tesla received their $465 million loan in 2010 they had only produced 1000 vehicles up to that point while Rivian has produced over 100K vehicles.
I think two BEV companies are on the proverbial bubble. Lucid and Rivian. Without more cash infusions and much more sales, they simply won’t make it. Just look at their historical share price.
I don’t think “What About-ism” is the proper framework for analysis. Protection of National Energy supplies is a core fed gov’t interest. Japan (WWIi) and UK/France (took Middle East from Ottoman Empire) over oil access I would rather see $6B to Rivian than $175B to Ukraine. However- you should more logically focus on the threat to American Auto Industry workers than Chinese EVs represent - and thus the banter about Tariffs. China plans to set up EV final assembly plants in Mexico to skirt these US tariffs Look at the long legacy of solid middle class built in Michigan and Ohio from auto assembly and parts manufacturing While American are slow on the uptake for EVs (I own one), if the Chinese flood the UsA w/ low cost, innovative EVs you can kiss The Big 3 goodbye- Stlantis/ Dodge/Chrysler is already hanging on by a thread Healthy energy, health manufacturing industry is good for America
Did you watch the video? I covered the threat of China in the beginning of the video. Often, multiple things are true at once. So, why should the most profitable business in history (oil) get billions in tax subsidies and the renewable energy industry be excluded when both support energy independence and security?
I dont have a problem with a loan to Rivian, as long as its not a hand out and there is a real expectation that it will be paid back. I do have a problem with the govt giving money to people who are relatively well off. Giving this money to people who are buying $80000 trucks.... what about money for the free school lunch program to help fight childhood hunger? Oh we dont have money for that. I live in one of the wealthiest counties in America, and to see the amount of people lining up for free school lunch, during the lockdown, was a real eye opener.
As far as hand outs to oil companies, lower transportation costs affects everything. And still thats different than money handed straight to fairly wealthy persons. Does the government hand out money to power companies? If not, maybe they should, because that would help lower electricity costs. But what they shouldnt do, is hand out $7500 to affluent car buyers. Thats ridiculous, I cant believe there was money for this, but not enough money to help hungry children.
So billions in tax credits to companies making billions in profits = good but individual tax credit to someone making less than $150K a year = bad. And you are worried about feeding hungry children?
@@thedukeofmiddleville Transportation costs are in everything you buy. So lower oil prices help everyone. The whole "oil companies receive Billions" is a pretty sheep-ish argument. Electricity companies receive Billions too, and I dont have a problem with that. Lower energy prices helps everyone. A $7500 credit for a fairly wealthy person, only helps that person and Tesla (The other companies are still failing with EVs). Its sad that a $7500 tax credit for married couples making up to $300K per year, was a priority over the free school lunch program.
The biggest complainers seem to be people in our government that took out massive PPP loans knowing that they would never have to pay them back or even be verified. Yet they scream the loudest about forgiving student loan debt and tax breaks for EVs.
I don't think the government should be choosing winners and losers. The free market should decide. Modern electric cars are incredible and should sell themselves.
You're assuming the market is free and people always make rational decisions. The research has shown that is completely not the case. More to the point, there is nothing wrong with electing representatives to push policy to hold the market accountable and to move it in the direction it is better for the well-being of the people. The free market doesn't care about your health and environment.
Remove the billions of oil and ethanol tax subsidies and the hundreds of millions they give to politicians and then we can have a real debate about the free market and picking winners and losers. Until then they have already picked the winner that pays them the most.
What are your thoughts on the US Government providing tax credits to oil and gas, and for electric vehicles? Let me know in the comments!
evs everything is being subsidized every little step from the car makers to the chargers to battery production to the mining literally everything to tax credits for the vehicles.
Wow, you nailed it! It’s amazing how many people get caught up in the culture wars and vote against their own interests. I too know that this loan to an American car company, Rivian, will be a tremendous investment in jobs in Illinois and Georgia.
When I was in the infantry this is how we would defeat the opposition: distract, obscure, and flank. It worked well on the undisciplined and inexperienced.
BRUHHH!!! Let's not talk about the Farm Subsidies along with the Oil & Gas Subsidies that comes around year after year after year for DECADES but folks panties are all up in a bunch about the $7500 EV tax credit??!!
$200 million+ can pay for a lot of propaganda and get people to look at the shiny objects instead of what actually impacts them.
I'm 100% with you on this 👌🏾
Lets not talk about the electric companies, solar companies and nuclear power companies receiving Billions as well.
You are acting like you dont benefit from lower food and transportation prices.
Great research and presentation, I think the lobbyists should have limits as to their contributions.
Term limits would help too!
Thanks! I agree.
Nicely done to show a bigger picture with larger subsidies and a much needed broader conversation regarding what Americans are subsidizing. It would be a more even playing field working for the public.
Thanks! I'm glad you got some value out of it.
Great video. I think your analysis is spot on and was enlightening because I was struggling to understand why EV is a political issue.
I am glad you got some value out of it!
Thanks for commenting!
Great video! You nailed it!
Glad you enjoyed it!
Most Americans misunderstand what a "lobbyist" is. Lobbyists typically set the terms of engagement in negotiations with legislators. Lobbyists often author preliminary legislation which they submit to the legislator for letterhead, signature, and formal proposal as a bill. Lobbyists do the legislator's homework, help pay their bills, take them to lavish high society parties and events (as well as much less reputable venues), give expensive gifts like a sugardaddy Santa Claus, and offer seats on prestigious corporate boards which basically require them to do nothing in order to receive a massive monthly corporate paycheck for life. Lobbyists walk into legislative offices like kings. It is the legislators who often must kowtow and kiss the lobbyist's ring.
@@IndigenousEarthling101 Thanks for sharing this valuable information!
Thank you for another good video, please keep them coming. I cannot believe all the Rivian haters out there and how they have short memories. The DOE Advanced Technology Vehicle Manufacturing program has provided loans for US Automobile Manufactures for some time. A few companies have taken loans under this program such as Ford, $6B in 2009; Chrysler, $12.5B 2009; and yes even Tesla, $465M 2010.
Big oil has to stop EV adoption, so they spend millions "investing" in politicians and anti EV propaganda and misinformation (which is reinforced by their paid for politicians) in order to profit billions.
Great video
Thanks for the visit
You have great content on your channel, dealing with issues in an informed way! I usually don’t comment because I watch on our TV…thanks in particular for the light you have shed on the government subsidy issue. Personally I believe the government needs to help jumpstart the EV industry so we don’t become underdogs in the world auto industry.
Thanks for the feedback! I also view RUclips on TV. I want to see the US win, and we will lose our auto industry and a lot of jobs if don't take this serious.
Thanks for commenting!
Really glad I stumbled onto your channel. Really enjoy the content. I’ve been looking into getting a R1S for the fam but just might be a bit too high at the moment. I have a Ford Lightning atm and love it but would trade it for an R1S straight up if I could haha.
Loan wasn't an issue in my mind. I think the requirement to unionize could hurt them as a new auto company. I'm not sure they need the loan, but if they can expedite getting the R2 and R3, then it could help get them to profitability faster. I like the R3 as a good potential to generate significant profit because of increased interest. A large percentage of Americans still think ICE will be here to stay. China views energy independence as a strategic necessity. They dont ever want another country capable of controlling their interests. They have been building solar and wind capacity with batteries while reducing oil and coal. They are on track for energy independence through renewable sources. Add to that the millions of cars they export every year...they are making the US irrelevant in the renewable space. Companies like Rivian are essential in the EV space. Fortunately, legacy auto is finally starting to wake up to the future and develop EVs. Most aren't very good, but it's a start.
You are 100% correct. China is making moves while we fight over who is using what bathroom.
Thanks for your comment!
You’re actually incorrect. China has built more fossil fuel fired power plants than any country jn the past decade. Do they see something we don’t ?
I never watched your channel before I stumbled across this video and I have to say I am a Trump supporting conservative that said I think the loan is a good thing although I think the reason Biden did it was a blow to Musk but I see it as preserving an American Auto company and American jobs not a bad thing. My wife has a Tesla model 3 and I am buying a Rivian R1s but I also have a Diesel Ram Truck. I am pro ICE and EV!
yes, I think the same wy
All government subsidies, tax or otherwise are corporate welfare , there’s no question. However, even Elon is against the $7500 BEV tax credits the past three years and believes the product, the vehicles, should stand on their own. I tend to agree. If we’re going to mandate a product, let the manufacturers make it so good that it will sell naturally, not artificially because you’re getting a tax credit. As a multi BEV owner, I agree with his philosophy. Make the car so good that consumers will buy it naturally because it is so good. Chase quality instead of a vehicle credit.
The reason Elon is against the tax credit is that he see's that impacting his competition more than his company.
👌🏾
They want to stop those EV subsidies so they can reappropriate it for their use or pockets. They’re so damn evil 😂
That is the game and we allow them to play it.
No, they want to emasculate the so called Inflation Reduction Act, which had zero to do with reducing inflation and everything to do with giving subsidies for solar and electric vehicle production.
Rivian said they had enough money , but its a loan, Just as Tesla received a load, Gm bailed out in 2008 45Billion!! Will Rivian make it, who knows, but you need to invest in new technologies other wise it will all come from China.
I concur; and when Tesla received their $465 million loan in 2010 they had only produced 1000 vehicles up to that point while Rivian has produced over 100K vehicles.
I think two BEV companies are on the proverbial bubble. Lucid and Rivian. Without more cash infusions and much more sales, they simply won’t make it. Just look at their historical share price.
I don’t think “What About-ism” is the proper framework for analysis.
Protection of National Energy supplies is a core fed gov’t interest. Japan (WWIi) and UK/France (took Middle East from Ottoman Empire) over oil access
I would rather see $6B to Rivian than $175B to Ukraine.
However- you should more logically focus on the threat to American Auto Industry workers than Chinese EVs represent - and thus the banter about Tariffs.
China plans to set up EV final assembly plants in Mexico to skirt these US tariffs
Look at the long legacy of solid middle class built in Michigan and Ohio from auto assembly and parts manufacturing
While American are slow on the uptake for EVs (I own one), if the Chinese flood the UsA w/ low cost, innovative EVs you can kiss The Big 3 goodbye- Stlantis/ Dodge/Chrysler is already hanging on by a thread
Healthy energy, health manufacturing industry is good for America
Did you watch the video? I covered the threat of China in the beginning of the video. Often, multiple things are true at once. So, why should the most profitable business in history (oil) get billions in tax subsidies and the renewable energy industry be excluded when both support energy independence and security?
I dont have a problem with a loan to Rivian, as long as its not a hand out and there is a real expectation that it will be paid back.
I do have a problem with the govt giving money to people who are relatively well off. Giving this money to people who are buying $80000 trucks.... what about money for the free school lunch program to help fight childhood hunger? Oh we dont have money for that.
I live in one of the wealthiest counties in America, and to see the amount of people lining up for free school lunch, during the lockdown, was a real eye opener.
As far as hand outs to oil companies, lower transportation costs affects everything. And still thats different than money handed straight to fairly wealthy persons. Does the government hand out money to power companies? If not, maybe they should, because that would help lower electricity costs.
But what they shouldnt do, is hand out $7500 to affluent car buyers. Thats ridiculous, I cant believe there was money for this, but not enough money to help hungry children.
So billions in tax credits to companies making billions in profits = good but individual tax credit to someone making less than $150K a year = bad. And you are worried about feeding hungry children?
@@thedukeofmiddleville Transportation costs are in everything you buy. So lower oil prices help everyone.
The whole "oil companies receive Billions" is a pretty sheep-ish argument. Electricity companies receive Billions too, and I dont have a problem with that.
Lower energy prices helps everyone. A $7500 credit for a fairly wealthy person, only helps that person and Tesla (The other companies are still failing with EVs).
Its sad that a $7500 tax credit for married couples making up to $300K per year, was a priority over the free school lunch program.
The biggest complainers seem to be people in our government that took out massive PPP loans knowing that they would never have to pay them back or even be verified. Yet they scream the loudest about forgiving student loan debt and tax breaks for EVs.
I don't think the government should be choosing winners and losers. The free market should decide. Modern electric cars are incredible and should sell themselves.
You're assuming the market is free and people always make rational decisions. The research has shown that is completely not the case. More to the point, there is nothing wrong with electing representatives to push policy to hold the market accountable and to move it in the direction it is better for the well-being of the people. The free market doesn't care about your health and environment.
Remove the billions of oil and ethanol tax subsidies and the hundreds of millions they give to politicians and then we can have a real debate about the free market and picking winners and losers. Until then they have already picked the winner that pays them the most.