TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.
It’s hard to imagine any way this doesn’t throw a huge wrench into the adoption of sustainable car technology for the USA.
Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.
For shame, OP, removing a key word in the title. When you posted this, and as I type this reply, this legislation has passed the house but not the senate. Whether or not it will is yet to be seen, but the tax credit is not yet set to expire.
(Lol, thanks for the downvote. Let me get you a full refund.)
First two sentences clear that up, don’t you think? Here, I’ll add the TL:DR to the article description above.
For the record, I didn’t download the article. I don’t particularly care if the body of the article “clears it up “. You removed a key word and that changes the title. And you know it.
I’m not a journalist, I’m a comedian, we heckle back :) If you can’t read 2 sentences deep, I really don’t give a fuck what you think
You don’t need to be a journalist to copy/paste a title verbatim
OK, let me ask more pointedly. For what reason did you choose to remove that one specific word? You didn’t just repost an article you saw, you saw the word likely and decided it didn’t belong. Why?
If it’s a “joke “I don’t get it.
I’m not big on the “we have to beat China” rhetoric, but it’s like republican politicians wake up every morning and ask themselves “What can I do today to further Chinese dominance in the next century?”
Unless one’s goal is weakening the US in the world, in which case more chaos, and destruction works great.
It is honestly hard to see what the strategy is. It’s tough when you squint at the administration and wonder how an adversary-backed Manchurian Candidate type might do things differently, and you come up mostly dry.
honestly hard to see what the strategy is
Not when you finally realize there exists no strategy apart from transferring as much wealth as possible from the plebes to the Robber Barons…
Everything MAGAts do is either in furtherance of that goal, or a distraction from that goal.
In this case, it’s for the benefit of fossil fuel related Robber Barons. 🤷♂️ 🤦♀️
In this case, it’s for the benefit of fossil fuel related Robber Barons.
plus just ending the subsidies in general, no doubt to float more tax reductions next year.
It’s hard to imagine any way this doesn’t throw a huge wrench into the adoption of sustainable car technology for the USA.
I think that’s goal
It’s not gonna make a huge difference, they have been inflating msrp because of the rebates anyway. Now we will see the true cost of ev.
This was always my gripe with these credits. They were just a subsidy for car manufacturers and dealers. The consumer didn’t save a penny.
My better half and I were actually discussing exactly this.
I’m shopping for an EV used, and magically, the price is exactly the same for EVs that are eligible for the credit and the ones that aren’t.
The dealerships treat the rebate as basically a manufacturer spiff, I pay the same either way.
So yeah, I agree. Pulling all of them at once might cause some market disruption, though, and legacy autos are already not committed to EV transition, so it will worsen an already problematic tendency, I think.
