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Biden hands record $9.2 billion loan to Ford joint venture

This is, of course, an acknowledgment that plug-in electric cars are inferior to regular cars, which run on gasoline.

The Biden administration is making a massive, unprecedented corporate welfare loan to a private company making car batteries, the Energy Department announced on Thursday.

“The U.S. Department of Energy’s Loan Programs Office today announced a conditional commitment for a loan of up to $9.2 billion to BlueOval for the construction of three manufacturing plants to produce batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles.”

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