CARBON TAX. WHAT ARE WE GETTING FOR THE MILLIONS COLLECTED YEARLY?
"The contract will include an upfront capital investment of $700 million and up to $13 billion in production subsidies for every battery the company makes and sells."
"The PowerCo plant will cost $7 billion to construct. It is the third gigafactory the company is building, following the first in Salzgitter, Germany and a second in Valencia, Spain.
PowerCo was just announced last year as a Volkswagen offshoot to make a unified type of battery that can be used in electric vehicles across Volkswagen’s brands."
Our appreciation to Global for the photo and article.
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