Elon Musk, who is leading efforts to cut spending he alleges is wasteful, has himself benefited from more than $38 billion in government funding, according to a just-published exposé in the Washington Post. The Washington Post used Good Jobs First’s Subsidy Tracker to help tell the story of just how much companies controlled by Musk have received, according to a release today from the respected Good Jobs First (GJF) organization.*
“Over the years, Musk and his businesses have received at least $38 billion in government contracts, loans, subsidies and tax credits, often at critical moments, a Washington Post analysis has found, helping seed the growth that has made him the world’s richest person… Continue reading
EV Satisfaction Improves But Trump Chaos Looms
The J.D. Power 2025 U.S. Electric Vehicle Experience (EVX) Ownership StudySM released this week shows that BEVs took a market share of 9.1% in 2024, up from 8.4% in 2023.* This was non-fossil fueled in part by a growing number of mass market BEV models entering the market. However, more than half of BEV buyers named tax credits as a reason for purchasing their vehicle, which is one of the most influential purchase drivers. As a result, J.D. Power is forecasting EV share of retail sales to remain flat in 2025. (Read AutoInformed on: U.S. EV Adoption to Stall in 2025, EVs, PHEVs Worse Than Gas Vehicles On Power 2024 IQS)
“The elimination of EV tax incentives and public charging funding has the potential to affect two critical barriers to EV adoption: public charging availability and vehicle prices,” said Brent Gruber, executive director of the EV practice at J.D. Power. “This temporary slowdown in market share growth for EVs creates a unique challenge for the industry as manufacturers forge ahead with new vehicle introductions. The EV market will be faced with expanded product offerings and flat share, creating increased competition.” Continue reading →