It's going to be a fun (i.e., not fun) two years for environmental economists (Kudlow calls for end to subsidies ...):
White House chief economic adviser Larry Kudlow said on Monday the Trump administration will seek to end subsidies for electric cars and renewable energy sources, according to reports.
Kudlow said he expected subsidies for electric cars would end by 2020 or 2021.
“We want to end, we will end those subsidies and others of the Obama administration,” he said, according to Bloomberg.
It’s unclear how the administration plans to cut the tax credits, since Congress enacted them and would have to act to end them. ...
The remarks were made in response to a question about what the administration would do about GM’s plans to layoff 15,000 people and shutter five plants across North America.
The company's plans have sparked outrage in Washington from both parties.
President Trump last week floated cutting GM's subsidies for electric vehicles and raising auto tariffs to punish the company if it cuts jobs in the U.S.
Didn't President Trump already "punish" GM with the steel tariffs?
