A Car With No Governor, A Governor With No Car

Don't Look Away, Dixieland

THE MORNING RANT: Taxpayer-Subsidized “Clean Tech” Ventures in Support of the “EV Transition” Are Starting to Fold—Buck Throckmorton–Ace of Spades HQ:

“…Under the leadership of Governor Brian Kemp (R), Georgia became ground zero for the EV hype. With the enemies of freedom committed to vanquishing gasoline-powered vehicles, Brian Kemp made it clear that no governor was more committed to their agenda than he was.
At the same time, the Biden administration was also steering obscene amounts of money to all the EV-adjacent promoters. To a certain extent, a lot of these companies were not much different from startups seeking investment money from venture capitalists and angel investors. But when government is the angel investor, the process is no longer capitalism, and rather than focusing on revenue as a source of cash, the focus of these enterprises quickly turned to keeping the government grants, incentives, and “loans” flowing in.
But with the EV fad having peaked, and with the election of Donald Trump, the music has just stopped for all the hustlers and their EV-related schemes. The over-hyped and highly subsidized ventures are starting to fail, and unsurprisingly,

Georgia is at the center of the collapse.

Aspen Aerogels

In early 2022, a company named Aspen Aerogels announced plans to build a massive plant near Savannah that was allegedly going to employ 250 people and produce thermal barriers to suppress EV fires. The plant would be financed by taxpayers, of course, but it has just now been cancelled.

Of course, Gov. Kemp and fellow Georgia leaders threw taxpayer dollars at Aspen Aerogels to incentivize it to build the plant for an industry that didn’t actually exist at the time.
Reading the financial statements of these companies entertains me, and a quick glance reveals that over the past four-full years, Aspen Aerogels has never turned a profit, losing a cumulative $187 million. Its stock is down 85% from its peak in 2021. This is the kind of company in which Joe Biden and Brian Kemp like to “invest” taxpayer money.

Freyr Battery

Here’s another…Freyr Battery’s much-hyped, multi-billion dollar plant that was going to employ 700 Georgians has just been scrapped.

"But Freyr, a startup founded in 2018, never began construction on the 368-acre site. The Georgia Department of Economic Development said the state conveyed a $7 million grant to buy a site for Freyr in Newnan, about 35 miles southwest of Atlanta. Department spokesperson Jessica Atwell said the state and company are “working together” to ensure the money is “repaid expeditiously.”

Good luck getting “repaid expeditiously.” Freyr Battery has lost $83 million through the first three quarters of its current fiscal year, and it lost a combined $173 million over the previous two full years. Its stock price has collapsed by 85% since its peak in 2022.

Rivian

The granddaddy of all the bad Georgia EV investments, Rivian, is not dead yet, but the Georgia plant that was supposed to be building electric vehicles by 2024 is still just an empty field. …It was another financial bloodbath for Rivian, with a loss of $4.7 billion. This is somehow being reported as good news, because the prior year’s loss was $5.4 billion, but no company can consistently burn that kind of cash and survive long. Even worse, annual sales have plateaued at about 50,000 units, and that was with all the Biden-era tax incentives which are likely going away soon.
Rivian’s existing plant in Normal, IL has a capacity of over 200,000 units per year. With Rivian maxed out at 50,000 sales per year, there is no possibility that the empty field in Georgia will someday have a plant spitting out 400,000 vehicles per year, as promised when Brian Kemp gave Rivian over a billion dollars in incentives back in 2021.
Rivian’s stock is down 92% from its peak, and it remains the highest profile participant in my EV Death Pool.” …….

                                    Installing the CIA/CCP Voting Machine CheatWare in Georgia

This was Kowtow Kemp’s payoff from the ChinaBiden-BlackRock Gang for stealing Georgia Elections for Biden, Warnock and others.

Not only did Beijing Brian Kemp loot the US Treasury, he raped and robbed the citizens of Georgia of their voice and their money yet again.

But Justice is Coming.

#Woe

Isaiah 1

22 
Your silver has become dross,
    your choice wine is diluted with water.
23 
Your rulers are rebels,
    partners with thieves;
they all love bribes
    and chase after gifts.
They do not defend the cause of the fatherless;
    the widow’s case does not come before them.
24 
Therefore the Lord, the Lord Almighty,
    the Mighty One of Israel, declares:
“Ah! I will vent my wrath on my foes
    and avenge myself on my enemies.

Your throne is Justice and You are Love, Lord, and we love You because You loved us first, Amen!