House introduced bill to phase out $7500 federal EV tax credits 👎

[SL8R]

I should have been more thorough….the incorrect information I’m referring to is that somebody said the EV tax credit would still be available to buyers of an EV as long as they reserved a purchase before the EV tax credit is discontinued.

I think that is applicable to the Commercial tax credit for company orders. If they had their order in before the credit expired, the credit would be valid, although the delivery will happen sometime later. Vice a personal EV purchase which happens at time of purchase (more or less).

This is what I found interesting in the recent Reuters article regarding an extension of the credit for automakers that have not yet sold 200,00 EV’s.

“The proposal, which is set for a House Ways and Means Committee hearing on Tuesday, would repeal a $7,500 new-vehicle tax credit and a $4,000 used-vehicle credit on Dec. 31, although it would maintain the new-vehicle credit for an additional year for automakers that have not yet sold 200,000 EVs.”

Would be appreciated if Slate’s front office could provide us all with some clarity as to how this legislation is tracking from their perspective.

 

[cvollers]

Should the Government be subsiding EV's to begin with?

Why is Government welfare needed to get people to buy EV's, can't they sell based on their own merits?

Hate to say it but I'm actually against this subsidy. Don't get me wrong, I'm gonna take it if I can get it but this is just more welfare we have to pay for. EV's should be able to sell on their own and if they can't, maybe they need to go away.

I wonder if Musk sees the irony in his DOGE role. If he's fighting to reduce wasteful spending he's going to have commit financial suicide because this is wasteful spending.

EV manufacturers can shave off much of this $7,500 cost but why would they? This way they reap the benefits of this welfare and you pay about the same as you would with a ICE vehicle after the discount.

If the subsidy goes away, Slate (and the other EV makers) will suddenly figure out a way to shave off thousands from the selling price. Watch.

Either way, I'm buying a Slate with or without it.

I’m pretty sure Musk doesn’t do anything that isn’t good for Musk.