Scrapping subsidies on both gas and electric cars would unleash fair competition - veteran market analyst

Scrapping subsidies on both gas and electric cars would unleash fair competition - veteran market analyst

“Musk is okay with electric vehicles competing on the open market. I'm sure he believes that he can compete with internal combustion engines,” veteran financial analyst and geopolitical observer Tom Luongo said, commenting on the prospects for EVs -including Elon Musk’s Tesla Motors, under the incoming Trump administration.

“The problem for everyone is that at this moment in time, the regulations against internal combustion engines in the United States are so onerous that we can barely afford to buy cars. And it's been done on purpose to shift people towards EVs, which we can't really run America on because America is too big for that…So, again, this is the distinctly European policy that's been foisted on us to make us less competitive, so that Europe can continue to be uncompetitive. That's the big story, and Trump and Musk are, I think, are on the same page about this,” Luongo...
Source: Geopolitics Live
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