Volvo's CEO, Jim Rowan, publicly voiced his opposition to government subsidies for electric vehicles, aligning his views with those of Elon Musk. He argues that governments should prioritize funding for essential services like healthcare and education over industry subsidies. Rowan proposes focusing instead on infrastructure improvements and tax incentives to promote EV adoption. His comments come in the wake of an executive order by President Trump aimed at rolling back support for EV programs, threatening affordability for consumers reliant on existing tax credits.
"I don't subscribe to the fact that government should give incentives for people to buy EVs. I think governments have got enough to spend money on..."
"I would like to see them do more about infrastructure to encourage people to buy EVs, or tax incentives, but I'm not a proponent of actual subsidies themselves..."
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