Tesla CEO Elon Musk on Monday criticized the Biden administration’s proposal to give union-made, U.S.-built electric vehicles (EVs) a $12,500 tax incentive under the Build Back Better Agenda. “Honestly, I would just can this whole bill,” Musk said during a virtual appearance at The Wall Street Journal’s CEO Council Summit. The White House has set a goal for electric vehicles, including battery, plug-in hybrid, or fuel cell electric vehicles, to make up 50 percent of all new car sales by the end of 2030 as part of its Build Back Better Agenda. The move hopes to kick start the development of long-term fuel efficiency and emissions standards, boost public health, save consumers money, and cut pollution as part of Biden’s efforts toward tackling the climate crisis. Under the $1.75 trillion Build Back Better Act—which was passed by the House last month—electric vehicles that are made in America with American materials and union labor will see their costs lowered by …
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