Exclusive: Trump's transition team aims to kill Biden EV tax credit
Exclusive: Trump's transition team aims to kill Biden EV tax credit
This is up to congress (who have GOP members who like either UAW or auto company profits/sustainability), but would be a big mistake. US transition to EV is already slow, but models with lower sticker prices than inferior ICE vehicles, and legitimate competition to Tesla, are being released, in addition to much lower operating costs, and future revenue potential from V2G (or robotaxi). There will be no more investment in new ICE vehicle performance or capacity, even in US.
There have been significant IRA related announcements around EV production in US mostly from colonies. Part of the attractiveness for US/NA production is this tax credit. If the US is trying to kill EV market both by eliminating this tax credit, and not investing in charging infrastructure, then the US becomes a shithole country for investment and very high cost production.
This is one of many job destroying, and deficit/debt balooning, measures that are intended, and will significantly impair/collapse US economy such that mid terms GOP will be voted out. The biggest collapsing intent is a war on Iran, which risks high spike in oil prices, that are ironically good for EVs, but they will need to be imported if US investment is discouraged.
Geopolitical headwinds with colonies are global warming, Israel supremacy, and colonial brainwashing to pay more for war on Russia with ambition of cutting off colonial imports from Russia, and increase tributes to US. Biden/Blinken were masterful at pretending to be pro-human, while achieving the above destruction. Geopolitical alliances with US are likely to be much weaker under Trump, though Trump humanizing media promises that every disrespectful order he gives every country will be executed with enthusiasm.
That said, a carbon tax (with dividend paid to residents) is much better than an EV credit. Emissions are based on miles driven. Many alternatives to an EV purchase are available to reduce that number.
...Tesla - by far the nation's biggest EV maker - have told a Trump-transition committee they support ending the subsidy...Elon Musk, one of Trump's biggest backers and the world's richest person, said in July that killing the subsidy might slightly hurt Tesla sales but would be "devastating" to its U.S. EV competitors, which include legacy automakers such as General Motors.
Jesus. So much for the idea that Tesla is working to accelerate the transition from ICE vehicles to EVs.
I will never buy a fucking Tesla. Ever. I would buy a Chevrolet Equinox EV, and I encourage anyone who is in the market for a new vehicle to buy one before the tax credit goes away.
Edit: I would also get the Honda Prologue. It's also eligible for the $7,500 tax credit. So is the Volkswagen ID.4.
That truck Scout is planning looks really good for anyone in the pickup market.
I'll honestly buy a Toyota, Honda or Hyundai before I ever buy a GM.
The first two are built here in North America and give jobs directly to my friends.
GM and fuck off an die. They've turned out turds for 30 years now and don't deserve to be helped to stay afloat.
The only legacy NA car manufacturer I'd consider is Ford.
But yeah, you'd be a goof to invest in a Tesla vehicle at this point.
Chevy volt was and is still a great car. 2000s Chevy trucks are amazing. The Cruze is a steaming pile, the bolt had a battery problem but the ones that got free replacements are doing great, can't think of any other major issues with Chevy tbh.
Saying you'd only buy a Ford is crazy work and just shows you really aren't super informed about cars at all. The focus, the edge, the escape, the ecosport are all dogshit. Certainly not better than gm.
Neither of them are Honda status, but the dud of the 3 domestic manufacturers is stellantis save for ram 1 ton trucks.
GM also tends to build in Canada and Mexico for many of their product lines while claiming to be "American" - to say nothing for their terrible build quality and non-understanding of electricity.
The Prologue and Equinox are a joint venture between Honda and Chevrolet!
As a Canadian I would never buy a GM product because of the shit they pulled after 2008.
I was just trying to think of models that are eligible for the maximum $7,500 tax credit, and that are relatively affordable. There are lots of great EVs out there from several different manufacturers.
Edit: I will mention, though, the Equinox EV looks like it's a pretty good car, for the price. Car and Driver rated it 8.5/10.
1000% agree GM is always a no buy.
My Chevy Volt is great and was one of the best reviewed hybrids. Still untouched on battery range, I think. And GM's battery management system is top notch. Heater in my volt is shit unless I'm running ICE, though.
Wouldn't buy a GMC, but Chevy has never really done me wrong. Cadillac seems overpriced for a rebadged Chevy.
Ford's got good stuff but I've never really owned one since the Escort. Guess I might if they ever transition me from contractor to full employee.
Chrysler.... has a van. Guess it's been fine but I'll personally never get another one.
Probably never buy a Japanese car unless those plants are staffed by UAW. I hear they are good but I've never been in one that seemed any better than an American car.
I would never, ever buy a fucking Hyundai. I've been in two and they were the most cheap pieces of garbage I've ever seen. But I guess they were cheap pieces of garbage. They might've gotten better since I was only in the first couple of model years.
My wife got the ID.4 it's legitimately the nicest car either of us have ever owned.
Are Teslas cheaper than the others?
No, but they are the only vehicle members of the Church of the Crypto Musk are allowed to buy.
Don't discount the other autos lobbyists. Some have invested heavily in new factories being built and have many more workers in the US combined. Not to mention they can keep selling gas guzzlers till we burn the planet.
After driving several Chevy vehicles over the years, I'd never buy one myself. Would definitely not trust them to make a good EV.
I feel like these companies have the real nerds who know what they’re doing working on the EVs. I have nothing to back that up with though.
The VW ID4 is currently under a stop sale because it keeps catching on fire
That quote by Trump's newest Oversight Member PROVES that there's NOTHING Swampy going on in Trump's Government!
Musk LOVED that tax credit until he used it all up, now wants to deny other automakers the subsidy that saved his ass again and again.
The current structure of the credit doesn't get used up like that anymore. Tesla vehicles are still eligible. Musk thinks removing it would hurt competitors more than him.
Yes, because the government exists to openly help billionaires eliminate their competition.
Unreal. Dude isn't even in office yet. They can't even wait 2 months before going full fascist.
But Democrats will make sure the transition to our new dictatorship is peaceful, so nothing to worry about there!
In a world where everyone else in an NPC, everything lines up to prevent me from getting the nice thing I want within a short time of saving, yet again.
Y'all I don't think this is the good place, and it sure ain't earth
It's profit margin
7.5k on a 30k EV is huge, and would lead to lots of sales.
No one stupid enough to pay 110k for a cyber shit will car about a 7.5k tax credit.
So Tesla might take a little hit, but it's a huge disadvantage for affordable EVs
Tesla could have pursued an affordable model, but instead Elon pushed the robotaxi, and Elon said there was no need for an affordable Tesla model. If we assume that he actually expects to release the robotaxi at some point, and that he actually thinks it's important for anything other than trying to pump up stock, then it certainly looks like his plans are more focused on fleet sales than trying to sell to consumers. Making cars less affordable across the board (and slashing any funding for public transportation) only helps that business model.
Lots of people will never buy a Tesla, but when you order an Uber and that shitshow appears, you can only cancel so many times before the app gets mad at you for it.
Human drivers was always a temporary thing for those apps, they'll keep squeezing human drivers so they don't have to pay maintenance on vehicles, but the second Muskmobiles becomes popular, there goes the closest thing to a job that's been keeping a lot of people afloat.
There's going to be a real negative effect when those disappear, even tho they're barely jobs to begin with.
I think I saw a snippet from his biography where Franz (head designer) convinced Elon to make the car so it could also have a steering wheel so as to not get fucked if fsd doesn't work out.
Supposedly took a lot of effort to convince him.
Guess that didn't pan out in the end. Nothing about that car is designed for non robotaxi use.
Well no shit he's going to kill the tax credit. What did Musk think he was going to do? He'll probably kill off the space program too.
Musk wants him to eliminate the tax credit because he believes it will hurt his competition more than him.
They're not even trying to hide it. No need.
Good, we should not continue to subsidize profits for private companies. Nobody that is actually in a place that NEEDS help buying a car will ever be in the market for a NEW car nevermind an EV, all these tax credits do is help well to do people justify buying a new car. If EVs can't sell without the big credit, their not ready for the market anyways.
There's a $4000 credit for qualifying used EVs.