South China Morning Post (June 21)
“China’s rapid transition to electric vehicles (EVs) has been widely hailed as an economic success story. But it is also creating a serious headache for the country’s local governments, which are tasked with maintaining one of the world’s largest road networks.” EVs accounted for fully 60% of last month’s new car sales, but the EV boom “is creating a growing fiscal black hole, as heavier electric cars send roadwork costs spiralling while simultaneously undercutting the tax revenues used to fund repairs.”
Tags: $60, China, Economic success story, EVs, Fiscal black hole, Fund, Governments, Headache, Heavier, Maintaining, New car sales, Rapid transition, Repairs, Road networks, Roadwork costs, Spiralling, Tax revenues, Undercut
Washington Post (December 24)
“Congressional Republicans have a new headache: Elon Musk.” Republicans have grown “used to the drawbacks of working with Trump,” especially the need “to anticipate what would draw the president’s wrath.” Now, however, they need to anticipate “what will bring them negative attention from Musk. They can’t count on either man to telegraph his views well ahead of time or privately; they will just have to keep a social media tab open.”
Tags: Congress, Drawbacks, Headache, Musk, Negative attention, Republicans, Social media, Telegraph, Trump, Wrath
