energyenvironment
VinFast, a Vietnamese automaker that builds electric vehicles, announced in July that it would not begin production at its North Carolina plant for another four years. While the news is certainly a setback, the disappointment is compounded by the fact that the state is trying to bulldoze a number of private homes, and a church, to make the project happen. In March 2022, North Carolina Gov. Roy Cooper announced that VinFast would build its first North American plant in Chatham County. The company would spend $4 billion and create 7,500 jobs, with production from the completed factory set to beg...
Reason
President Joe Biden and former President Donald Trump fight about everything. But they agree about one thing: tariffs, the subject of my new video. Trump imposed tariffs on steel, aluminum, washing machines, solar panels, and other products from China. Then Biden took office and slapped a 100 percent tariff on Chinese electric vehicles. Now Trump says, if elected, he'll impose the tariff on all Chinese cars. This is a destructive competition. The idea of a tariff sounds good. Protect American businesses from foreigners! Protect American workers from cheap foreign labor! That's the seen benefit...
Reason
A new proposal in the New York Legislature would prohibit insurance companies from doing business in the state if they insure businesses that make over 10 percent of their money from fossil fuels. The bill, however, could backfire, encouraging insurers to vacate New York entirely rather than leave the lucrative industry. "Within five years of the effective date of this article," the bill mandates, the "superintendent shall require any insurer doing business in the state to certify that they have divested" from "any company that derives ten percent or more of revenue from exploration, extractio...
Reason
On Wednesday, Virginia Gov. Glenn Youngkin, a Republican, announced that at the end of the year, the state would no longer comply with California's electric vehicle (E.V.) mandate. "The idea that government should tell people what kind of car they can or can't purchase is fundamentally wrong," Youngkin said in a statement. "Virginians deserve the freedom to choose which vehicles best fit the needs of their families and businesses. The law is clear, and I am proud to announce Virginians will no longer be forced to live under this out-of-touch policy." California first adopted its Advanced Clean...
Reason
In 2021, the Infrastructure Investment and Jobs Act included $7.5 billion to build 500,000 public charging stations for electric vehicles (E.V.s) across the country in an effort to boost a switch to the use of clean energy. As Reason reported in December, not one charger funded by the program had yet come online. Now, six months later, the number of functional charging stations has ticked up to eight. That news comes from an Autoweek article earlier this month. In March, The Washington Post reported that only seven were built; a charging station in Bradford, Vermont, opened in April, containin...
Reason
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