Automakers Hit Reverse On Idealistic Electric Vehicle Targets Despite Billions In Biden-Harris Subsidies

Automakers continued to slip away from electric vehicle (EV) targets last year as weak consumer demand stifled growth, despite the Biden-Harris administration pumping billions of yen into the electric vehicle industry through subsidies. Since February, many automakers have abandoned their primary EV goals, with Volvo, Ford and Mercedes-Benz all reducing EV allocations or dropping previously […]

Here’s Another Way Biden Admin Is Routing EV Charger Subsidies Into America’s Wealthiest Neighborhoods

Some of America's wealthiest “non-urban” areas are eligible for electric vehicle (EV) charger subsidies in President Joe Biden's signature climate bill. The government's EV charger tax credit program, made possible by the Inflation Control Act (IRA), specifically design route subsidies to cover 30% A portion of the cost of a charger in “low-income” or “non-urban” […]

Biden Admin Classifies Martha’s Vineyard, Elite Locales As ‘Low-Income’ To Push EV Charger Subsidies

The Biden administration has classified some of the nation's most elite and upscale neighborhoods as “low-income” areas, making them eligible for electric vehicle (EV) charger subsidy programs. The administration's EV charger tax credit program, made possible by President Joe Biden's signature climate bill, the Inflation Control Act (IRA), specifically: design Directing subsidies to “low-income” or […]

BlackRock To Make Massive Infrastructure Move To ‘Decarbonize The World’ And Reap Government Subsidies

BlackRock reached an agreement on Friday to acquire Global Infrastructure Partners for $12.5 billion, according to statements and reports. It's a move aimed at advancing the investment giant's climate goals and leveraging government subsidies. BlackRock is the world's largest asset manager and champions environmental, social and corporate governance (ESG) investing. BlackRock believes the timing of […]