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.
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 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.
