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Only 5% of next car purchasers expect to buy all electric cars-Road and Track.
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<blockquote data-quote="Babagounj" data-source="post: 6063793" data-attributes="member: 12952"><p>[URL unfurl="true"]https://jonathanturley.org/2025/02/14/full-charge-epa-sent-160-million-to-now-bankrupt-canadian-electric-bus-company/[/URL]</p><p></p><p>These projects often start with photo ops and virtue signaling that costs taxpayers billions in losses. What is missing is a modicum of economic and administrative judgment.</p><p></p><p>The Canadian electric bus company Lion Electric is such an example. Figures like Vice President Kamala Harris did repeated photo ops with electric buses as a defining issue. However, the company struggled from the start and the Biden Administration failed to take the most basic steps to protect taxpayer money. Rather than break up payments in segments based on actual production, Biden officials just sent the $160 million to the company.</p><p></p><p>The company is <a href="https://freebeacon.com/energy/bidens-favorite-ev-bus-maker-is-nearing-bankruptcy-and-producing-no-buses-leaving-tens-of-millions-of-taxpayer-dollars-in-limbo/" target="_blank">now shutting down</a> without supplying $95 million in bus orders. The money is gone. Poof! and the company could vanish with the “Lion’s share” of U.S. public funds.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 6063793, member: 12952"] [URL unfurl="true"]https://jonathanturley.org/2025/02/14/full-charge-epa-sent-160-million-to-now-bankrupt-canadian-electric-bus-company/[/URL] These projects often start with photo ops and virtue signaling that costs taxpayers billions in losses. What is missing is a modicum of economic and administrative judgment. The Canadian electric bus company Lion Electric is such an example. Figures like Vice President Kamala Harris did repeated photo ops with electric buses as a defining issue. However, the company struggled from the start and the Biden Administration failed to take the most basic steps to protect taxpayer money. Rather than break up payments in segments based on actual production, Biden officials just sent the $160 million to the company. The company is [URL='https://freebeacon.com/energy/bidens-favorite-ev-bus-maker-is-nearing-bankruptcy-and-producing-no-buses-leaving-tens-of-millions-of-taxpayer-dollars-in-limbo/']now shutting down[/URL] without supplying $95 million in bus orders. The money is gone. Poof! and the company could vanish with the “Lion’s share” of U.S. public funds. [/QUOTE]
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Only 5% of next car purchasers expect to buy all electric cars-Road and Track.
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