Source: Delaware Online
quote: You can call them stabs in the dark, but they are a big part of what's made the US economy so powerful in the last 50 years if not longer. The reason is that the misses are a tiny fraction of GDP, and the DOE grants are no different. $16B in loans over 4 years is around 0.03% of GDP, 1% of total auto related GDP. They've ensured that the US leads EV research and production by a huge margin. Just raising the white flag and letting China and their subsidies snatch that market is bad policy.