Reply to post: No surprise

Tesla share crash amid Republican bid to kill off electric car tax break

John Brown (no body) Silver badge

No surprise

Trump is oil and coal friendly and doesn't believe in pollution or climate change. After he gutted the EPA, it was only a matter of time before this happened.

I'm fully aware that the tax breaks, on the whole, benefit the better off and are effectively subsidised by everyone, but if you need to kickstart an industry quickly, subsidy seems to be the only way to do it. If you wait for competition to do it or for the resources to reduce, pushing up the prices, it can take many times longer before economies of scale start to kick in and bring the prices down. Not subsidising your local industry so they can tool up and compete globally when much of the rest of the world is doing so puts you at a long term disadvantage.

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