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   Nonilex (nonilex@masto.ai)'s status on Tuesday, 13-Aug-2024 01:54:20 JST Nonilex

   #FactCheck #VanceLies

   #JDVance’s false claim that ‘#GreenEnergy scam’ ships jobs to China

   …one of Vance’s consistent claims is that VP #KamalaHarris shipped jobs to China by casting the tiebreaking vote in 2022 in the Senate for the #InflationReductionAct, a bill that included $370B in #climate & #energy funding to combat #ClimateChange.

   …Vance’s claims make little sense. The #IRA was designed to foster #green #manufacturing #jobs IN the #UnitedStates.
   #HarrisWalz2024
   https://www.washingtonpost.com/politics/2024/08/12/jd-vances-false-claim-that-green-energy-scam-ships-jobs-china/

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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 13-Aug-2024 01:54:47 JST Nonilex

     in reply to

     Indeed, #GeneralMotors board member Jon McNeill, a former president of #Tesla, told CNBC in May that any rollback of the #IRA provisions would help #China. “I think we risk losing the auto manufacturing share to China. We really do, globally,” he said, adding that the IRA is providing enticements to both the manufacturers & consumers “to level the playing field” against Chinese car companies.

     #FactCheck #VanceLies #TrumpLies

     #HarrisWalz2024

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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 13-Aug-2024 01:54:48 JST Nonilex

     in reply to

     The Treasury Dept wrote #regulations that make it harder for vehicles to qualify for the full federal #EV tax credit of $7,500 if key components are sourced from #China, w/a grace period for some rare materials like graphite. As part of the #IRA, final assembly of EV models must occur in #NorthAmerica to be eligible. The #Biden admin in May also imposed a 100% #tariff on Chinese EVs.

     #FactCheck #VanceLies

     #HarrisWalz2024

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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 13-Aug-2024 01:54:48 JST Nonilex

     in reply to

     In response to the #IRA, #China in March filed a formal complaint w/the #WTO, decrying the #EV subsidy policy as discriminatory because it excluded Chinese products, distorted fair competition & disrupted the global #SupplyChain for new-#energy vehicles. That’s a significant step — which may take a long time to resolve in the WTO dispute settlement system — but it’s certainly a sign that China does not believe the #law is sending jobs its way.

     #FactCheck #VanceLies #TrumpLies

     #HarrisWalz2024

     Church of Jeff repeated this.
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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 13-Aug-2024 01:54:49 JST Nonilex

     in reply to

     In 2021, the #UnitedStates accounted for 10% of global EV assembly & 7% of battery production, acc/to the International #Energy Agency. That same year, #China sold more #EVs than the rest of the world combined — & produced ¾ of all lithium-ion batteries.

     The #Biden admin & congressional leaders understood there was a balancing act — boosting #EV production w/o aiding China.

     So the #law included provisions to make sure more of the #SupplyChain is produced in the #US…
     
#FactCheck #VanceLies

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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 13-Aug-2024 01:54:50 JST Nonilex

     in reply to

     …#Vance’s theory is that by shifting the #AutoIndustry toward #EVs, the #UnitedStates is going to send significant amounts of money & jobs to China.
     
But this claim ignores what is actually in the #IRA. The #law was intended to help the US catch up w/ #China before Beijing completely takes over the #EV market. The Chinese government has given huge subsidies to the EV industry in a quest to dominate it.

     #FactCheck #VanceLies

     #HarrisWalz2024