CNBC: States are spending billions on electric vehicles in battle to replace automotive capital Michigan
Governors are racing to give electric vehicles subsidies, as the battle to replace Michigan as the epicenter of the automotive industry. Good Jobs First Executive Director Greg LeRoy told CNBC states have gotten caught up in the hype, to the potential detriment of the taxpayers.
“It’s understandable, governors want to get in on the ground floor of a rising industry, electric vehicles, in the future.” But, he said, “spending a billion dollars on a single facility, you’re never going to break even from a tax revenue point of view.”
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