Cloudnine, the government isn't picking winners or losers, it's picking a long-term sustainable policy, not just intro to economics 101 that treats pollution as an externality. They did not pick which manufacturers (other than USA based in the new IRA law), which battery makers companies win or lose. It's just accelerating suggestions from research papers in climate science consensus, including scientists outside of the U.S. Also governments, at least democratic ones, are made of people too, everyone from local officials to national officials are elected by citizens. Too bad you don't understand what the majority of informed voters want in this country today.
Stellantis Closing Plant, Needs $ for EV Development
Mary Barra started GM's belt tightening years ago to help fund it's massive EV push. She closed all overseas money losers (all where except China), and closed some excess capacity in the US as well.
It looks like Stellantis joins Ford in being slower to react and both are now trying to come up with development dollars. Ford recently shut down it's autonomous vehicle efforts to help free up the money for its EV efforst and Stellantis is now closing a Jeep Cherokee SUV plant in Illinois to raise EV money.
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www.reuters.com
It looks like Stellantis joins Ford in being slower to react and both are now trying to come up with development dollars. Ford recently shut down it's autonomous vehicle efforts to help free up the money for its EV efforst and Stellantis is now closing a Jeep Cherokee SUV plant in Illinois to raise EV money.
Stellantis to indefinitely idle Illinois plant, cites EV costs
Chrysler parent Stellantis on Friday said it will indefinitely halt operations at an assembly plant in Illinois in February, citing the rising costs of electric vehicle production.
www.reuters.com
