According to reports, the Biden administration is considering allowing Europeans to join his U.S. tax incentive program for electric vehicles. Yes, that means Joe Biden wants to pay Europeans our tax dollars to buy EVs in THEIR home countries.
One caveat is that the cars have to be made in north America.
Per Just the News:
This initiative stems from one of President Biden’s goals which is to combat climate change and encourage carbon-free energy usage.
The Treasury guidance on the tax incentives will go into further detail on how the agency will propose to weigh the extraction and processing of minerals used in electric vehicles and their components.
The initial version will exclude minerals extracted and processed in the European Union, the official told Politico.
If the U.S. and the EU come to a deal in the coming weeks, it is possible the EU could get a free-trade partner status.
I know what you are thinking. It’s bad enough that Biden is illicitly pumping up the failing electric car industry here in the U.S., he now wants to throw more useless subsidies at the industry even in Europe.
With OUR tax dollars.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
