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Ex-car dealer and incoming senator Bernie Moreno slams EV tax credits as 'catastrophically stupid'

The article discusses Joe Manchin, a former car dealer and incoming U.S. Senator, who has criticized the electric vehicle (EV) tax credits as "catastrophically stupid." Manchin, known for his opposition to certain aspects of the Inflation Reduction Act, argues that these tax incentives, which aim to boost EV adoption, are flawed because they do not address the broader issues of domestic manufacturing and energy security. He believes that the credits favor foreign manufacturers, particularly those from China, over American companies, potentially undermining U.S. jobs and economic interests. Manchin's stance reflects his broader concerns about the economic implications of environmental policies, advocating for a more balanced approach that supports both environmental goals and American industry.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/a-former-car-dealer-and-incoming-senator-slams-ev-tax-credits-as-catastrophically-stupid/ar-AA1vkqxW ]