DOE Weighs Revoking $1.1 Billion In EV Retooling Grants For Stellantis

DOE Weighs Revoking $1.1 Billion In EV Retooling Grants For Stellantis​

Biden-Era Funding For Major U.S. Auto Plant Conversions Could Be In Jeopardy​

The U.S. Department of Energy (DOE) is reportedly considering withdrawing nearly $1.1 billion in federal funding initially awarded to Stellantis and General Motors (GM) to support the conversion of electric vehicle (EV) manufacturing.

DOE Weighs Revoking $1.1 Billion In EV Retooling Grants For Stellantis

The DOE weighs revoking $1.1 billion in EV retooling grants for Stellantis amid a federal funding review. Learn more.

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[ipa0628]

This administration hates any source of energy that isn't a fossil fuel.

 

[Foncool]

Why should the taxpayers fund a product that customers don’t want, didn’t ask for and aren’t buying? EV are purely a government bureaucrat, environmental zealots mandate not a market driven product.

 

[bill burke]

Biden did for America what Tavares did for Stellantis, went wolk, demonstrated gross incompetence and eventually got a dose of reality. Of course the forces of American free choice gave us our salvation from both these clowns in the voting booth and in dealer showrooms. As America now drags itself out of the morass of this mess things might get hard before they get better but they will eventually get better as we are now on the glide path to prosperity.
Reality demonstrates that Americans are not interested in plug in, unreliable, vehicles and the delusions of the small minorities feel good guilt needs that runs against market choice and common sense. Hug a tree but don’t mess with my home AC or my ride.
I’ll take the temporary pain to get back to the good old life in the fast lane powered by good old fossil fuel.

 

[WXman]

Apparently in the news today a judge blocked this administration's order to revoke $5B in money that was to be given to the states to deploy EV charging stations. So it's going to be a fight for a while.

As far as the idea that "this administration hates anything that isn't running on fossil fuel" let's remember that the charger we use for EVs gets its power from burning fossil fuels.

The reality is that this administration is very pro-economy and is trying to make America stronger by enabling corporations to make things in America, and sell things Americans actually want.

 

[ipa0628]

Apparently in the news today a judge blocked this administration's order to revoke $5B in money that was to be given to the states to deploy EV charging stations. So it's going to be a fight for a while.

As far as the idea that "this administration hates anything that isn't running on fossil fuel" let's remember that the charger we use for EVs gets its power from burning fossil fuels.

The reality is that this administration is very pro-economy and is trying to make America stronger by enabling corporations to make things in America, and sell things Americans actually want.

Pro economy is not raising prices on everything using vengeance tariffs. A container of coffee that was $10 last year is now $21. Beef is higher, ground round on sale is $8. He slapped 50% tariffs on Brazil because of the ways they are treating their former president who tried to overthrow their election. Sounds familiar.
Health insurance premiums for millions are set to sky rocket, and rural hospitals will close because of the big ugly bill. That is ok though, as long as his buddies got to keep their tax cuts.
Soybean farmers haven't sold anything to China this year because of the tariffs. Now he wants to give them a 10 billion bailout.
The tariffs have already cost the car companies billions. They can't just magically open a new plant here overnight. It takes years.
There is a trade agreement with Canada and Mexico that he said was great and now is horrible. Tariffs on Canada because of Fentanyl, when what comes over the border from there is less than 1% of the overall supply coming into the US every year.
Their is no calculation on how he assesses the tariffs, it is whatever mood he wakes up in that day.

 

[WXman]

Pro economy is not raising prices on everything using vengeance tariffs. A container of coffee that was $10 last year is now $21. Beef is higher, ground round on sale is $8. He slapped 50% tariffs on Brazil because of the ways they are treating their former president who tried to overthrow their election. Sounds familiar.
Health insurance premiums for millions are set to sky rocket, and rural hospitals will close because of the big ugly bill. That is ok though, as long as his buddies got to keep their tax cuts.
Soybean farmers haven't sold anything to China this year because of the tariffs. Now he wants to give them a 10 billion bailout.
The tariffs have already cost the car companies billions. They can't just magically open a new plant here overnight. It takes years.
There is a trade agreement with Canada and Mexico that he said was great and now is horrible. Tariffs on Canada because of Fentanyl, when what comes over the border from there is less than 1% of the overall supply coming into the US every year.
Their is no calculation on how he assesses the tariffs, it is whatever mood he wakes up in that day.

Ok, well if we're going to play that game.... That container of coffee was $5 in 2019 at the end of his first term. Why was it $10 at the end of the administration that preceded the current one? Health insurance became a train wreck with Obamacare, so bad that many health insurance companies completely pulled out of coverage areas due to the exorbitant costs. Current Admin had zero to do with that.

Why is it so bad to hit another nation with a 30% tariff when they've been hitting us with 40% for decades?

The fact is, people in this country are extremely short sighted. They're like horses with blinders on. All they can see is what is immediately in front of them. If you want to complain about the problems we face today, you have to look way back in time to the root of it all.

What needs to happen now is that these car companies need to stop trying to sell $90k trucks and cars and start building what people can afford. That would be a huge first step. Then, start making stuff in the U.S. like they used to do many many years ago when things actually had quality.

 

[patfromigh]

What needs to happen now is that these car companies need to stop trying to sell $90k trucks and cars and start building what people can afford.

But part of the grant involved with the 1.1 Billion Dollar deal was an obligation to build vehicles very few can afford or even want.

Stop and think about this. The Charger Daytona and Wagoneer S are sitting on dealers lots, and the Recon is ready to go. This means the electric motors, battery packs and e-axles for EVs are already in production. The tooling is already in place and working. What is the $1.1 Billion we are discussing on this thread for?

 

[ipa0628]

Ok, well if we're going to play that game.... That container of coffee was $5 in 2019 at the end of his first term. Why was it $10 at the end of the administration that preceded the current one? Health insurance became a train wreck with Obamacare, so bad that many health insurance companies completely pulled out of coverage areas due to the exorbitant costs. Current Admin had zero to do with that.

Why is it so bad to hit another nation with a 30% tariff when they've been hitting us with 40% for decades?

The fact is, people in this country are extremely short sighted. They're like horses with blinders on. All they can see is what is immediately in front of them. If you want to complain about the problems we face today, you have to look way back in time to the root of it all.

What needs to happen now is that these car companies need to stop trying to sell $90k trucks and cars and start building what people can afford. That would be a huge first step. Then, start making stuff in the U.S. like they used to do many many years ago when things actually had quality.

Up until a few months ago I could get coffee on sale for $5 - 6. Now the sale is $13.
In '17 it was said he was going to repeal and replace the ACA with something better. Just like infrastructure week, it was all talk.
Everyone will be paying more for health insurance come Jan 1 because of the ugly bill, not just those using the ACA. Last year when asked about health care, he said he had a concept of a plan. That was BS too.
We all pay the stupid tariffs that are changing constantly, not the other country. We can't tax other nations. If you enjoy paying vengeance taxes then have at it. Any small benefit most of us received from the ugly bill is long gone because of the tariffs, another name for taxes.