Update: Congress Rejects De Facto Bailout For Tesla And GM

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Update: Congress Rejects De Facto Bailout For Tesla And GM
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David Blackmon is an independent energy analyst/consultant based in Mansfield, TX. David has enjoyed a 39-year career in the oil and gas industry, the last 23 years of which were spent in the public policy arena, managing regulatory and legislative issues for various companies, including Burlington Resources, Shell, El Paso Corporation, FTI Consulting and LINN Energy. During this time, David has led numerous industry-wide efforts to address a variety of issues at the local, state and federal level, and from April 2010 through June 2012, he served as the Texas State Lead for America’s Natural Gas Alliance. In addition to client-related work, David also maintains a growing media communications practice. He is currently Associate Editor for Shale Magazine (www.shalemag.com), a contributor on energy-related matters at Forbes.com, and a feature writer for World Oil Magazine. He is the resident energy expert on the 'In The Oil Patch' radio program, and executes frequent public speaking engagements around the state of Texas and at conferences. The text or links to all of David’s writings and podcasts can be found at www.dbdailyupdate.com. He attended Texas A&I University and The University of Texas, earning B.A. in accounting in 1979.

which “requires that EVs be a certain percentage of sales” in California also helps to drive that percentage up. found that most of its state’s EV owners are white , male , well-educated, and affluent, according to Morgan State University Professor Andrew Farkas, who serves as director of the Baltimore school’s National Transportation Center and Urban Mobility & Equity Center.

Unfortunately, the problems with the EV payout system don’t end there. Because these vehicles rely on electricity for fuel rather than gasoline, their drivers don’t pay the gas tax, which is the mechanism by which we fund road and transportation infrastructure repairs and upgrades across the country. With , these drivers are using our roads and bridges and not paying for their upkeep.

Meanwhile, the EV tax credit program itself is being badly mismanaged and abused. A recent Treasury Department Inspector General’s indicated that there’s significant waste and possible fraud involved in the EV tax credit program. The IRS simply doesn’t have the ability to verify that each EV payout claimed is legitimate.

Electrification may very well be the future of transportation, or it may wind up being the Betamax of the automotive industry. A cheaper, more efficient, developing technology could supplant the lithium ion battery and all of this may become moot.

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