Trump To DESTROY Electric Vehicle Subsidy

Trump To DESTROY Electric Vehicle Subsidy. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Well, it's about time the EV tax credit going going
go well, hopefully soon. Donald Trump's transition team planning to
kill the seventy five hundred dollars tax credit consumer tax
credit for electric vehicle purchases as part of broader tax
reform legislation. They're saying ending the tax credit could have

(00:41):
grave implications for an already stalling US EV transition. If
you need a subsidy, if you need a tax credit,
the entire transition is stupid. A Musk at this time

(01:02):
is like, get rid of it. But he's also right too.
He just get rid of all the subsidies for oil
and gas. I don't think anybody should be getting any
sort of special treatment when it comes to subsidies. I've
yelled and screamed about this for years years. Why they
foip do I got to pay pay for somebody else's car.

(01:22):
It's horsemanure, quite frankly, it really is. And this this
EV transition. That's stalling. It's stalling because people don't want
the cars. Go go, go, go to a go to
Mercedes Lot, go to a BMW Lot, go to go go,

(01:42):
take a look for yourself. Talk with the people selling
the cars and ask them how well those evs are moving. Okay, listen,
I don't have any problem with electric vehicles. It is
a niche market. It's fine in the same way that
Bugatti is a niche market. A two million dollar plus supercar.

(02:04):
If you want one, great, It's not for everybody, but
to force everyone to go out and buy it or
incentivize people to buy it. No, that's not how the
free market works. That that is not how we are
going to advance better technologies. That's quite frankly the government
picking choosing winners and losers, and are not good at that.

(02:25):
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