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Elon Musk doubles down on ending 'subsidies' as competitors now reap more benefits

Elon Musk doubles down on ending 'subsidies' as competitors now reap more benefits

CNN
Tuesday, December 7, 2021 9:56 PM GMT

Elon Musk has described electric cars as critical to fighting climate change, which he's said he believes could cause more displacement and destruction than all the wars in history combined. So you might think he'd support the federal government funding electric vehicle charging stations.

But that's not the case, at least right now. A sometimes combative Musk spoke at the Wall Street Journal's CEO Summit Monday and suggested scrapping the Biden infrastructure package. Musk said that Tesla didn't need the $7,500 tax credit for electric vehicles, which provides a tax credit of up to that amount to individuals purchasing plug-in electric vehicles, to drive demand for its vehicles. He also called federal support for charging infrastructure unnecessary.

"Do we need support for gas stations? We don't," Musk said. "There's no need for support for a charging network. I would delete it. Delete."

Read full story on CNN
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