The Obama administration has committed billions of dollars in grants toward electric car technology. Consumers can also receive a tax credit worth up to $7,500 if they buy an eligible electric car. These credits are designed to encourage adoption of the technology — and that threatens the Koch brothers' financial stake in oil and gas, according to the Huffington Post. Which just led Musk — who has bet big on electric cars in the Tesla Model S, Model X and the soon-to-be-announced Model 3 — to argue that the petroleum industry has also been a big beneficiary of government subsidies.
"Koch Industries does not oppose electric vehicles," said Philip Ellender, a spokesman for the company. "What we oppose is government subsidizing and mandating a particular form of energy over another. We oppose all subsidies – even for those industries in which we participate."
When billionaires go to war, the rest of us grab the popcorn.