Letter: Climate Change Policy - Tucson - Arizona Daily Star
Letter: Climate Change Policy
It's counterintuitive. When Donald Trump was president the electric car industry was booming and more wind and solar investment took place than ever before. Interest rates were low. Overall support for business was high. The American people ignored the president's yada-yada and voted with their wallets.
Electric vehicle and green energy stocks rallied higher still when Joe Biden was elected. The "TAN" solar ETF traded at 120 a share. Remarkably, it's 40 today (down 67%). Offshore wind projects are being scrapped. Ford postponed an entire model year of electric vehicles. Tesla's stock is down 50%. In spite of the "Inflation Reduction Act" incentives, the cost of producing EV's and green energy has gone through the roof. China is poised to conquer both markets. See for yourself - ENPH, TSLA, SPWR, FSLR, SEDG. They're getting crushed. "I'm from the government and I'm here to help." Thank you. But no.
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walter ramsley
East side
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Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.