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Originally Posted by RainMaker
Tesla was worth over a trillion dollars just over a year ago. A TRILLION DOLLARS. I just don't understand why we have to pay for charging stations and thousands in rebates for a company that is well-capitalized.
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I support it and my rationale is we are trying to accelerate consumer adoption of EVs and not make Tesla richer.
Tesla will likely get richer as a byproduct and so will other auto makers that succeed in their EV strategy. But that's the price to pay to get more & quicker adoption.
The budgeted cost is $7.5B for the charging stations. It ties with one other as the least cost in the bill. If it spurs adoption, its a pretty good investment and also in our strategic interest (e.g. less reliance on our frenemies).
Understanding the Recent Infrastructure Legislation
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$7.5 billion for electric vehicle charging stations. The Biden Administration asked for this funding to build significantly more charging stations for electric vehicles across the nation.
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