US waste billions subsidizing Chicom battery plant

 Kankakee Times:

Illinois politicians and members of the House Select Committee on the Chinese Communist Party have raised concerns about the sizeable subsidies being granted to the Chinese electric vehicle battery maker, Gotion.

Gotion is linked to the Chinese Communist Party (CCP) and aims to build a $2 billion plant in Illinois while receiving $7.5 billion in federal tax credits, asserting that the U.S. government should not support CCP-backed companies expanding into key sectors like lithium-ion battery manufacturing.

This situation raises concerns about U.S. economic and national security and calls for changes in the legislation that created the 45X tax credit program, which led to generous handouts for battery factory projects, including Gotion’s.
...

If there was a real market for these kinds of facilities the government would not need to fund and throw money at them.  I suspect the market for EVs will continue to be limited because they are not as convenient to many drivers who prefer gas powered vehicles. 

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