- American-made: The legislation has strict language on which EVs would qualify for a tax credit, stipulating that they must be made with American parts and minerals, or sourced from nations with free-trade deals with the US. For example, the credit won’t fly if any battery components come from an “entity of concern” by 2024. The idea is for the US to wean itself from supply chains now controlled by China, per E&E Daily.
- The problem: The goal may be laudable, but the US supply chain in regard to such materials “is in its infancy,” notes Politico. The language is so strict that not a single electric vehicle on the US market would currently qualify for a full subsidy.
- Warning, I: “Americans who would otherwise receive the credit today (say, the family test driving a car this weekend and on the fence about whether to make the switch to an EV) will no longer be able to take advantage of this financial incentive to purchase an EV,” warns the industry group Alliance for Automotive Innovation. “The $7500 credit might exist on paper, but no vehicles will qualify for this purchase incentive over the next few years.”
- Warning, II: The alliance represents GM, Toyota, and Volkswagen, notes Reuters, and it sees the new rules as a “major setback” toward the goal of having up to half of vehicle sales by 2030 be of the electric variety. The group counts 72 EV models currently on the market, and it says 70% would immediately become ineligible for even a partial tax break.
What about me? Some under 4K , or less
I really want AOC — La Retardada — to ride my electric vehicle. It’s a Whee-Dogie 900K cattle prodmobile.
Unkie Al
You sick bastid. You’re trying to make her a fro baby. LOL
Watch for a new EV to hit the market in the next year or so that DOES qualify. Just follow Nancy and Paul Pelosi’s stock portfolio for more information.
Uncle Al, giddyup!
Keeping in mind that the CHRONIC LOSER JOE BIDEN IS ALSO A CHRONIC COMPULSIVE LIAR, pay o mind to his creepy whisperng of promises, deals, tax rebates etc since all are blatant lies designed to entrap American citizens. Add the glaring fact numerous reports of those childish EVs are exploding while women EV drivers are big targets for rape and robbery when their EV breaks down on some lonely dark late-at-night road. Defectives are due to often broken and Communist China-made slave-labor parts. Stupid things are likely sold on CCP’s AMAZON and WALMART lol. Avoid all.
Translation: no KY jelly for the anal banging we are about to get from this odious bill
It’s not possible for our tax dollars to be used to subsidize EV purchases? Rejoice, rejoice! This is a good thing.
They’ll just claim it’s all American made parts.
Good.
American taxpayers shouldn’t be subsidizing imbecilities.
mortem tyrannis
izlamo delenda est …