The US has good industry policy versus Albo nothing burger and the results are beginning to show:
Back in the mid-2010s, when there were only a few thousand electric vehicles on the roads of Tennessee, the state launched an initiative — unique in the US at the time – offering free community and technical college to nearly every adult.
Half a decade later, with EVs at the heart of the most ambitious US industrial policy since World War II, that landmark decision is paying off – and also pushing up against its limits. The state has approved a $1 billion boost for technical colleges.
Federal incentives are driving investments in the electric-car industry worth more than $100 billion. Every state wants a piece of the action, and Tennessee is getting plenty. It’s a lynchpin of the new Battery Belt that stretches from Michigan to Georgia. More than $16 billion in EV capital has poured into the state since 2017. Last year, Ford Motor Co. broke ground on a giant new plant near Memphis that’s slated to open in 2025 and churn out half a million electric trucks per year.
Cheap energy, cheap training, tax incentives, trade tariffs on China and technological leadership via innovation. Brilliant stuff driving a tearaway boom in everything from cars to chips:
Versus Australia with:
- no industry policy worthy of the name thanks to fake policy;
- the world’s most expensive energy despite having the world’s cheapest energy resources thanks to abjectly failed policy;
- the hollowing out of training and disproductivity thanks to maniac mass immigration;
- grovelling to China thanks to Labor being captured, and
- uncompetitive, disinnovating, techno-weaners.
Delivering this:
Albo’s Australia is woke, regressive, devolving, defenceless, visionless and China-dependent.
History will not be kind.
