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Elon Musk calls for abandoning Build Back Better



President Biden’s $2 trillion social spending package is filled with generous incentives for electric vehicles.

But Tesla CEO Elon Musk is still not a fan.

Mr. Musk He said Congress should abandon the Build Back Better bill now pending a vote in the Senate, which argues that increased tax credits for electric cars are unnecessary.

“We don’t need a $7,500 tax credit. To be honest, I can do the whole bill,” he said. Musk He said at this week’s Wall Street Journal CEO Council Summit. “Don’t pass, that’s my advice.”

He raised the criticism on Wednesday and tweeted, “If the ‘temporary’ provisions in the Build Better Act become permanent, the US national debt will rise 24%!”

His comments came with Senate Democrats looking to pass the Build Back Better before Christmas despite headwinds from Republicans and West Virginia Democratic Senator Joe Manchin III, who renewed his desire for a “strategic pause” on Tuesday.

A day later Mr. Musk Transport Minister Pete Buttigieg, who first toppled the bill, backed out by insisting that the EV revolution must start a leap from the federal government for the transition to be “fast enough to meet our climate challenges.”

He said federal aid will also make cars more affordable to average Americans, and Build Back Better includes incentives for electric vehicles made in America with union labor.

“These are things that don’t happen by themselves,” said Mr Buttigieg at the same conference.

“Policy requires attention, and that’s part of our focus, both on the charging network backed by the infrastructure bill the president signed, and on tax credits that will make these vehicles more affordable, as proposed in Build Back Better. “said.

Build Back Better will increase the per-car EV subsidy from $7,500 to $12,500, but $4,500 of that will only be for US-built cars made by union labor. An additional $500 will be given depending on whether or not the vehicle has an American battery.

Mr. Musk He said Tesla stopped taking the $7,500 vehicle purchase tax credit about two years ago, but the company continues to dominate the EV market, producing about two-thirds of electric cars sold in the United States.

he He described the $7.5 billion fleet of charging ports in the infrastructure bill signed last month as “unnecessary”.

“Do we need support for gas stations? We don’t,” he said. Musk said. “There is no need for this support for the charging network. I would delete. To delete. Literally, get rid of all subsidies, I also say for oil and gas.”

The richest person in the world, Mr. Musk He criticized the Biden administration’s pro-labor leanings and said at a conference in September that the White House “seems to be controlled by unions.”

Tesla’s workforce is not unionized.





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