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Started By
Message
re: Biden to loan $7 billion to EV maker Rivian.
Posted on 11/28/24 at 8:03 am to tide06
Posted on 11/28/24 at 8:03 am to tide06
quote:
There isn’t enough market demand for EV without government subsidies and mandates.
The Rivian pickup truck’s starting price is around 75k; well equipped are 100k but you can get a slightly used one for much less due to the extremely low rating amongst owners.
In short, it’s a very high priced lemon.
0
Posted on 11/28/24 at 8:04 am to loogaroo
Must help Tesla rival lose
Posted on 11/28/24 at 8:06 am to roadGator
Someone (Not Trump) should make a statement that the money is not available and will be clawed back if any given before the inauguration!
Whoever is the person for DOE should make that statement today!
Whoever is the person for DOE should make that statement today!
Posted on 11/28/24 at 8:08 am to loogaroo
Posted on 11/28/24 at 8:10 am to jizzle6609
quote:
Must help Tesla rival lose
This sounds like the Biden administration poking Elon to me. Elon decides to help cut govt waste, the administration gives billions to his rival
Posted on 11/28/24 at 8:11 am to loogaroo
So the president just has the ability to shell out money, I didn’t realize it worked like that. It’s more like he’s a king.
Posted on 11/28/24 at 8:58 am to loogaroo
In what world does it cost 7 billion dollars to build a car factory.
Posted on 11/28/24 at 9:00 am to Padme
quote:inflation reduction act, right?
So the president just has the ability to shell out money, I didn’t realize it worked like that. It’s more like he’s a king.
Posted on 11/28/24 at 9:03 am to TrueTiger
quote:
When Trump scraps EV mandates, who is going to buy them.
I’ve seen a few on the road. Cool looking vehicle.
If it wasn’t going to be extremely difficult to find someone to do repairs then I would look into it.
Posted on 11/28/24 at 9:08 am to loogaroo
Remember Obama giving a shite ton of money to Solendra? Where are they now?
I sincerely hope Elon & Vivek remind everyone about shite like this, in the the first two weeks of April!
I sincerely hope Elon & Vivek remind everyone about shite like this, in the the first two weeks of April!
This post was edited on 11/28/24 at 9:10 am
Posted on 11/28/24 at 9:13 am to loogaroo
Those vehicles are ugly as frick. And I would not want an electric truck. Just don’t trust it.
Posted on 11/28/24 at 9:13 am to greygoose
quote:
Remember Obama giving a shite ton of money to Solendra? Where are they now?
They laundered for a coupla years then went belly up. On the bright side, the grifting was less expensive back then
quote:
In 2009, the Obama administration co-signed $535 million in loans to Solyndra.
Heavily promoted as a leader in the sustainable energy sector for its unusual technology, Solyndra was not able to compete with conventional solar panel manufacturers of crystalline silicon.[2] The company filed for bankruptcy on September 1, 2011
Posted on 11/28/24 at 9:14 am to tharre4
quote:
How much was the wall again?
This is the bigger issue.
Posted on 11/28/24 at 9:14 am to Adam Banks
quote:
then I would look into it.
Because
quote:
Cool looking vehicle.
?
Posted on 11/28/24 at 9:19 am to RogerTheShrubber
quote:
Our "too big to fail" corporations are damn near socialized now.
The natural tendency of large corporations is to become monopolies so they can charge anything price and pay any wage they wish. We used to have anti-trust laws to check this. But our govt seems to have lost interest in filing those charges because they get paid big bucks by corporations.
Posted on 11/28/24 at 9:19 am to mtopdawg421
quote:
And I would not want an electric truck.
I think the innovations in battery tech will continue on to the point where we can have a vehicle with an honest 350 mile range that can be fully charged in 5 minutes.
If they can do that and are about the same price as a Petro vehicle, I would consider.
Posted on 11/28/24 at 9:19 am to loogaroo
Joe is determined to give away the store on his way out.
This post was edited on 11/28/24 at 9:21 am
Posted on 11/28/24 at 9:22 am to Zach
quote:
Our "too big to fail" corporations are damn near socialized now.
Socialize losses and privatize profits
quote:regulatory capture virtually ensures monopolies. The only way they get broken up is if they refuse to pay up
But our govt seems to have lost interest in filing those charges because they get paid big bucks by corporations
Posted on 11/28/24 at 9:25 am to loogaroo
Funny, I was on the phone much of last week talking to the GC and some material suppliers after that “loan” was announced. Biden Feds are dead set on making that project happen. Rivian bailed out a few months ago because they didn’t have the funding.
Posted on 11/28/24 at 9:26 am to TackySweater
Not sure what’s confusing?
I’d look into buying one because it’s a good looking vehicle if it likely wasn’t such a pain for maintenance etc.
I’d imagine it’s like trying to get someone to repair a rare import vehicle however with the added issue of it not being an internal combustion engine.
I’d look into buying one because it’s a good looking vehicle if it likely wasn’t such a pain for maintenance etc.
I’d imagine it’s like trying to get someone to repair a rare import vehicle however with the added issue of it not being an internal combustion engine.
This post was edited on 11/28/24 at 9:27 am
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