In a groundbreaking move to combat climate change and reduce carbon emissions, the Biden administration announced that it will enact a new policy proposed by Democrats that would increase taxes on Space Exploration.
The new policy aims to fund the $7.5 billion federal program to electrify the nation’s highways and open the U.S. charging network to electric vehicles (EVs) made by rivals.
The White House explained that the increased taxes on Space Exploration will help fund the new program and make it easier for Tesla and other automakers to obtain the funding they need to expand their charging networks and make electric vehicles more accessible.
The White House also noted that the increased taxes on Space Exploration will help ensure that the U.S. remains a global leader in space technology and exploration, as well as a leader in the fight against climate change.
The Biden administration believes that this new policy is a win-win for everyone involved, as it will help reduce carbon emissions, make electric vehicles more accessible, and further advance space exploration.
It remains to be seen how the increased taxes on Space Exploration will impact the industry, but the Biden administration is confident that it will be beneficial for everyone in the long-term.
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