Electric Vehicles

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    The Public Took the Risk, Private Money Took the Ride

    ByPhil McCracken

    I follow the invoice, and the electric-car bill has an interesting routing address: public loans, tax credits, battery research, and charging support helped make the market less risky, while Tesla and other private fortunes got to pose for the entrepreneurship portrait. Companies still had to build cars, but calling the entire payoff pure private genius is a convenient way to lose the receipt.

    If taxpayers helped absorb the early risk, they deserve more than a thank-you note printed on recycled optimism. The public supplied parts of the startup department; shareholders and insiders were handed the bonus department. That is the public-private bargain in its most polished form: ordinary people help build the road, then private wealth charges a toll for driving on it. Follow the invoice long enough and the money trail is wearing cologne.

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    The EV Mandate That Never Reached Your Garage

    ByHarlan Quill

    I checked the mailbox for Donald Trump’s supposed EV mandate and found only a utility bill. The campaign version treated Biden-era emissions standards aimed at automakers as a personal order requiring every driver to buy an electric car. That is the useful distinction: manufacturers respond to production rules, while consumers still decide what sits in the driveway. The policy argument may be worth debating, but moving its address from the factory to every American garage is campaign theater with a government seal.

    This is policy math from the courthouse basement: taking credit for ending a consumer requirement that was never imposed is like canceling a mandatory library card nobody was required to get. Whenever a politician announces that he defeated a mandate, ask who was legally required to do what. If the answer quietly moves from automakers to every citizen, Washington has not slain a frightening law. It has defeated a nonexistent one and filed the victory under accomplishments.

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