Biden’s green energy plans will funnel taxpayer billions to Chinese firms

Plans designed to protect US industry will bankroll China’s expansion

t has been obvious for several years now that this government-subsidized energy transition away from fossil fuels and towards wind, solar, and electric vehicles will necessarily leave the western world highly dependent on China. This is an unavoidable truth given China’s overwhelming control of supplies and supply chains for minerals, processing, and components integral to the three rent-seeking industries presented as climate solutions by globalist elites.

In America, Joe Biden and congressional Democrats presented their Orwellian-titled Inflation Reduction Act (IRA) as a plan that would help the US to build independence from China in this realm by subsidizing projects that would create competitive domestic sectors. But recent developments make it apparent that exactly the opposite is happening. 

A report by the Wall Street Journal details the fact that domestic content requirements for some domestic electric vehicles aren’t comprehensive enough to prevent Chinese encroachment into the US market. Chinese EV maker BYD is exploring opportunities to invest in plants in Mexico that would enable it to enter the US market by exploiting provisions in the US-Mexico-Canada Agreement (USMCA) that would allow it to avoid heavy US tariffs on imports of Chinese-made cars.