Elon Musk Says Biden Should ‘Delete’ Bill That Includes EV Incentives

- Advertisement -


Musk has been a vocal critic of the social spending and climate bill signed by President Biden.

- Advertisement -

Vin McNamee/Getty Images

- Advertisement -

Tesla’s outspoken CEO Elon Musk,
It criticized the federal government’s efforts to encourage electric-vehicle adoption and rejected a bill signed by President Joe Biden that would increase incentives for consumers to buy EVs.

“Honestly, all I can do is bill this whole,” Musk said Mondaybut speaking wall street journal‘s CEO Council Summit,

- Advertisement -

The automaker’s CEO was referencing Biden’s roughly $2 trillion social spending and climate bill, which would introduce generous consumer tax credits for buying EVs manufactured by union workers with batteries made in the US.

Tesla (ticker: TSLA) factories are non-union, and the company’s cars qualify for a small credit under the bill, which has been passed by the House and before the Senate.

“It might be better not to pass the bill,” Musk said. “The federal budget deficit is insane.”

The CEO also pushed back against funding for electric-vehicle charging, pointing to improvements in airports and highways as a high priority for infrastructure – including the construction of tunnels.

“Do we need support for gas stations? We don’t. There’s no need for support for charging networks. Take it off,” Musk said. “I’m literally saying: ‘Get rid of all subsidies.’ “

This isn’t the first time Musk has been vocal against Biden’s signature bill; He called the president a “puppet” of the United Auto Workers union on Twitter in late October.

Write to Jack Denton at [email protected]

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox