![Article Image](https://www.freedomsphoenix.com/Uploads/Graphics/687-0722184554-evplug.jpg)
News Link • Crony Capitalism
Musk Says "Take Away Subsidies" As EV Price-War Enters Final Chapter With Trump Win
• Zero HedgeTrump has expressed no issues with EVs and recently stated, "I will end the Electric Vehicle Mandate on Day One - thereby saving the US auto industry from complete obliteration, and saving US customers thousands of dollars per car."
Translation: The former president states that all federal EV subsidies will end if he wins in November.
But why would Musk support a complete reversal in the federal government's policy on EV subsidies if Tesla relied so heavily on the EV credits to stoke demand? Unless Tesla is at the point where it no longer needs the taxpayer-funded gravy train.
Last week, X user Whole Mars Catalog wrote on X:
"Tesla doesn't need subsidies. The other unprofitable EV makers do. We are giving $7,500 to people who buy GAS cars with a small battery. We are capping the price of EVs, hurting the profitability of the industry. If the EV tax credit dies I won't shed a tear for it."
Musk responded: "Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!"
Tesla doesn't need subsidies. The other unprofitable EV makers do.
— Whole Mars Catalog (@WholeMarsBlog) July 16, 2024
We are giving $7,500 to people who buy GAS cars with a small battery. We are capping the price of EVs, hurting the profitability of the industry.
If the EV tax credit dies I won't shed a tear for it. https://t.co/e7X6BqJqRM
Donald Trump last night on EVs and Elon Musk: "I'm a big fan of electric cars. I'm a big fan of Elon Musk. I like Elon. And I think a lot of people are going to want to buy electric cars, but if you want to buy a different type of car you have to have a choice." pic.twitter.com/WDXoXhAEON
— Sawyer Merritt (@SawyerMerritt) June 7, 2024