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Authored by Mike Shedlock via MIshTalk.com,

Conflicting goals often leads to the worst of both outcomes. That’s what’s happening with solar panels and EVs.

SunPower Went Bankrupt Despite Huge Subsidies

The Wall Street Journal reports Another Green Energy Subsidy Bust

Tariffs and Subsidies Backfire

Biden only wants clean energy if it every piece of it is made in the USA. That means higher costs, even with subsidies.

I commented on this in advance as it was easy to see.

The attempt force production of solar panels in the US resulted in prices so high that few wanted them.

Three Results

• No noticeable increase in US production

• Lost jobs from installers

• No furthering of clean energy goals

Ford is Losing $100,000 on Every EV

Despite subsidies, Here’s the Staggering Amount of Money Ford Loses on Each EV It Makes

• A report says Ford is losing more than $100,000 on each EV.

• Ford is reducing spending on EV plans by $12 billion.

• Ford is estimated to lose $5.5 billion from its Model e division in 2024.

You either want a faster rollout of EVs and clean energy projects or you don’t.

Insisting companies use only made-in-USA components when the infrastructure is not in place and demand is low leads to losses like these.

Unfortunately, we are in for tariff wars no matter who wins the election.