Bloomberg View: Incentives for Car Buyers, Not Carmakers
Much has been made of the U.S. government’s botched $535 million in loan guarantees to Solyndra, the California solar-panel maker whose business imploded, leaving taxpayers burned. Less known is that the government, in its quest to spur investment in environmentally friendly vehicles, has been handing out essentially free money to well-known companies that don’t seem to need cheap credit.
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