From Committee to Unleash Prosperity, Issue #952, 2/8/2024:
“Oops! EV subsidies will cost taxpayers $200-billion more than Biden estimated.
The Congressional Budget Office just reported in a ‘technical revision’ that the
federal subsidies … including the $7,500 check the government hands out to car
buyers when they purchase an EV … will cost $224-billion above original project
ions. Why? Because of Biden’s EPA’s electric vehicles mandates that will force
more people to buy the subsidized EVs. By the way, only in Washington would a
$224-billion accounting blunder be called a ‘technical revision’. The news comes
on the heels of yesterday’s report that Ford lost more than $60,000 for every EV
they sold last year. No doubt, Washington will be handing them a bailout check.”
