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Date
Summary
Dem Rep. Ro Khanna Rips Gov. Newsom: Excluding Elon Musk and Tesla from EV Credits for Political Reasons ‘Is Foolish’
Source
CNBC

Name: CNBC

URL: http://www.cnbc.com/

Show
Squawk Box

Name: Squawk Box

URL: http://www.cnbc.com/id/15838368/

Persons
Rebecca Quick/Becky Quick

Name: Rebecca Quick/Becky Quick

Employment: CNBC

Position: Host

, Ro Khanna

Name: Ro Khanna

Employment: House of Representatives

Position: Representative

Event
Event location
Link
Original recording
Uploaded
12/03/2024 08:31 am
Owner
Alex (staff)
Type
Video
Format
MP4 (720x406) Use clipper to adjust file type
Duration
0:04:20
Views
8
Purchases
1
Social views
0
Transcript
QUICK All right we ░░░░░░░░ going to talk right ░░░░░░░░ about electric vehicles and ░░░░░░░░ in California This comes ░░░░░░░░ some recent news that ░░░░░░░░ buyers could be excluded ░░░░░░░░ lucrative EV credits in ░░░░░░░░ Following that news Democratic ░░░░░░░░ Ro Khanna tweeted about ░░░░░░░░ s production in his ░░░░░░░░ and urged California leaders ░░░░░░░░ to play politics with ░░░░░░░░ manufacturing in the state ░░░░░░░░ asked Have we learned ░░░░░░░░ from snubbing Elon at ░░░░░░░░ Biden EV summit Congressman ░░░░░░░░ joins us right now ░░░░░░░░ district actually encompasses the ░░░░░░░░ of Silicon Valley Ro ░░░░░░░░ really caught my attention ░░░░░░░░ getting caught up with ░░░░░░░░ of the things that ░░░░░░░░ playing out Let s ░░░░░░░░ this up a little ░░░░░░░░ and talk about Gavin ░░░░░░░░ the governor of California ░░░░░░░░ his reaction post election ░░░░░░░░ basically rolled out a ░░░░░░░░ of things to try ░░░░░░░░ say that he was ░░░░░░░░ to protect California from ░░░░░░░░ is coming in with ░░░░░░░░ administration but one of ░░░░░░░░ things he laid out ░░░░░░░░ the idea that California ░░░░░░░░ holders taxpayers would continue ░░░░░░░░ have a subsidy for ░░░░░░░░ sales electric vehicle sales ░░░░░░░░ the state but that ░░░░░░░░ might not actually qualify ░░░░░░░░ purchases might not actually ░░░░░░░░ for that It s ░░░░░░░░ little crazy Elon Musk ░░░░░░░░ that out and said ░░░░░░░░ is the only company ░░░░░░░░ electric vehicles in California ░░░░░░░░ you weighed in on ░░░░░░░░ too You want to ░░░░░░░░ how you weighed in ░░░░░░░░ why KHANNA Well California ░░░░░░░░ electric vehicle tax credits ░░░░░░░░ all the sense but ░░░░░░░░ Elon Musk and Tesla ░░░░░░░░ probably political reasons is ░░░░░░░░ foolish The reality is ░░░░░░░░ is the biggest manufacturer ░░░░░░░░ electric vehicles in California ░░░░░░░░ Inflation Reduction Act explicitly ░░░░░░░░ rid of the caps ░░░░░░░░ companies like Tesla so ░░░░░░░░ they could produce more ░░░░░░░░ vehicles And if you ░░░░░░░░ looking just three days ░░░░░░░░ The New York Times ░░░░░░░░ a report that China ░░░░░░░░ leading 1 7 million ░░░░░░░░ vehicles exporting around the ░░░░░░░░ We are way behind ░░░░░░░░ need to be producing ░░░░░░░░ of these electric vehicles ░░░░░░░░ the United States So ░░░░░░░░ don t think politics ░░░░░░░░ interfere with manufacturing or ░░░░░░░░ an issue of our ░░░░░░░░ competitiveness QUICK It s ░░░░░░░░ worth pointing out that ░░░░░░░░ employs over 20 000 ░░░░░░░░ in your district They ░░░░░░░░ more than 550 000 ░░░░░░░░ in your district last ░░░░░░░░ What has the reaction ░░░░░░░░ from the governor and ░░░░░░░░ in the legislature KHANNA ░░░░░░░░ they say that they ░░░░░░░░ to help smaller companies ░░░░░░░░ market share That s ░░░░░░░░ well and good But ░░░░░░░░ point is that the ░░░░░░░░ vehicle market as you ░░░░░░░░ has a much smaller ░░░░░░░░ right now than internal ░░░░░░░░ engines So we should ░░░░░░░░ anyone who s producing ░░░░░░░░ electric vehicles But more ░░░░░░░░ we certainly shouldn t ░░░░░░░░ a sense that politics ░░░░░░░░ intervening I mean you ░░░░░░░░ disagree with Elon Musk ░░░░░░░░ I do on a ░░░░░░░░ of issues and speak ░░░░░░░░ about that but don ░░░░░░░░ target a company because ░░░░░░░░ political views QUICK You ░░░░░░░░ that The governor has ░░░░░░░░ copped to that What ░░░░░░░░ you think that this ░░░░░░░░ purely politics KHANNA Well ░░░░░░░░ I mean the governor ░░░░░░░░ others are going to ░░░░░░░░ this is to help ░░░░░░░░ small manufacturers and even ░░░░░░░░ federal regulations had a ░░░░░░░░ of 200 000 But ░░░░░░░░ Democratic Party itself with ░░░░░░░░ Inflation Reduction Act took ░░░░░░░░ those caps from Tesla ░░░░░░░░ other EV manufacturers because ░░░░░░░░ said what was more ░░░░░░░░ to our competitiveness was ░░░░░░░░ have electric vehicle manufacturing ░░░░░░░░ in the United States ░░░░░░░░ reality is that there ░░░░░░░░ no clear Rationale in ░░░░░░░░ view that isn t ░░░░░░░░ by politics I mean ░░░░░░░░ Biden didn t invite ░░░░░░░░ Musk and showered praise ░░░░░░░░ Mary Barra as the ░░░░░░░░ for electric vehicle revolution ░░░░░░░░ was just nonsense and ░░░░░░░░ country knew that I ░░░░░░░░ no disrespect to Mary ░░░░░░░░ but come on she ░░░░░░░░ dragging her feet on ░░░░░░░░ vehicles and Tesla helped ░░░░░░░░ the electric vehicle revolution ░░░░░░░░ a grant from Obama ░░░░░░░░ hate that kind of ░░░░░░░░
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