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Senator Schumer Pushes $462 Billion Electric Car Plan

Senator Chuck Schumer (D-NY) proposed a massive $462 billion electric car plan.

Schumer wants the American consumer to trade in traditional gasoline-powered cars and he hopes to achieve that goal by providing financial incentives.

The plan is bold. By 2040 Schumer wants every gasoline car on the road to be replaced by a zero-emission vehicle.

Schumer’s idea is extremely vague and detailed legislation is not yet available.

The Senator is promising a generous trade-in allowance for consumers similar to the “cash-for-clunkers” plan offered during the Obama administration.

The plan also includes an estimated $45 billion for electric charging station infrastructure and almost $20 billion for car manufacturers for facility upgrades.

While Schumer wants to promote electric vehicles, they currently remain a very small percent of the cars on the road.

Schumer is trying the old but failed Democrat style command and control economy where the government dictates consumer demand, however, this strategy failed during the Obama administration and it will fail again.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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