One might think the U.S. Inflation Reduction Act would be constructed in such a manner as to help Americans by reducing inflation. However, not only does the Inflation Reduction Act not help reduce inflation, but the climate change bill carrying the name The Inflation Reduction Act is now the cause for complaints by Europe and Asia because the falsely named spending bill doesn’t help their economy.
The issue stems from the part of the climate change bill that provides a $7,5000 federal tax credit for electric vehicles. As the bill was written the vehicles needed to be assembled in the USA with battery components mostly sourced from the U.S.A. Europe and Asian automakers are not happy because they want their vehicles, made in Europe and Asia to benefit from the tax credit.
Of course, the first thing Joe Biden does is tell Europe and Asia he will modify the rules to permit vehicles made outside the USA to benefit. The exact opposite of the intended construct of the bill in the first place.
But,… that’s multinational corporate globalism in action.
WASHINGTON—The Biden administration on Monday delayed proposing detailed rules for new tax incentives for electric vehicles, following strong pushback from European and Asian allies that the subsidy program discriminated against their companies.
The Treasury Department said details on the battery-sourcing requirements that electric vehicles must meet to qualify for up to $7,500 in tax credit will be released in March, instead of by the end of this year as earlier planned.
The department said, however, it will release “information on the anticipated direction” of the battery requirements before year-end to help manufacturers prepare to identify vehicles eligible for the tax credit. It didn’t specify what information would be made available then.
The EV tax incentives, part of the Inflation Reduction Act that President Biden signed into law in August, are designed to accelerate a transition to cleaner vehicles. But it also includes complex requirements aimed at boosting domestic production of electric vehicles and batteries, setting off complaints from European and Asian governments as well as auto makers.
To qualify for the full $7,500 in tax credit, vehicles must go through their final assembly in North America, a requirement that disqualifies many electric vehicles from non-U.S. car makers since they are typically assembled overseas.
The new rules also require EVs to have at least 40% of their critical minerals for batteries sourced in the U.S. or countries that have free-trade agreements with the U.S., starting in 2023. That threshold is set to rise to 80% by 2026.
At least 50% of the components in the batteries must be manufactured or assembled in North America by 2024, with that percentage rising gradually to 100% by 2028.
A Treasury official said the department needed more time as it works through the complexities of crafting the technical rules.
Following a meeting with French President Emmanuel Macron in early December, President Biden said the U.S. could offer what he called tweaks to the program to make it easier for European countries to participate.
The Treasury Department said the details on battery requirements will come as part of a notice of proposed rule making in March and noted that the new requirements will take effect only after the proposed rule is issued. (read more)
Its ok, Elon Musk will throw us another bone tomorrow.
Munch . . . . . . . . . . . . . . . . . . . . . . . Munch.
The great reset is supposed to be worldwide. Gotta keep everything in sync.
I’ll keep my gas guzzler.
Keeping my 17 y/o Silverado until it dies & cannot be resurrected. Then I’ll be hunting for another old truck.
Great Stuff!!
28 year old GMC 3/4 4×4 ex cab here.
We had a foot of snow overnight here in Greater Vancouver British Columbia. ( a rare occurrence)
We had that and our 26 year old Suzuki JLX Sport 4×4 out several times today.
There are many Teslas in our community, we saw only a few out today, and our neighbours Nissan Electric never left their driveway.
😎
Dekester, I only “know” you thru this site, but feel a kin to you none the less. Warrior on with G_ds blessing of holy oil upon your head!
👍
Me too! It is quite something that folks that will likely never meet ( in this lifetime?)
Feel a certain affinity.
I book I read quite regularly
on page 86 somewhat explains the phenomena.
Cheers!
Here in flyover USA, we’re about to get hit with a blizzard. I’ll get where I need to go… lots of my suburban & even urban neighbors will not.
BooHoo!
👍
You must be a gem of a mom, S.M., not many females today understand vehicle frugality.
Thank you MGK. It’s virtually genetic & certainly born of pragmatic necessity. I’m a military brat & my dad married a farm girl.
I passed most of that on to my children & am now teaching the grandchildren.
I applaud your use of older vehicles. I drive a 33 y.o. toyo hilux 2WD..wont go in snowy slickness but not a prob here in WNC mtns… if too slick, I stay home. The only drawback is unless we import a lot of Cuban mechanics soon, the push to drive the living room down the roads will kill our older vehicles. Every nations auto builders have sold their souls to the chase for more and more dollars..now they build them to lose the transmission b/f 100K miles and just trying to find a totally manual trans that has zero replacement costs generally is a lesson in futility.
Search for an old Isuzu Trooper. 2WD and 4WD exist, both can be found with a 4 or 5 on the floor.
Many have been doing that and many more Americans should be doing that exact same thing.
My 2004 Audi A4 Avant 1.8t has appx 90k miles, runs great, and I plan on keeping it going until at least 250k miles. I’m 61. Could be my final car.
Bought it used in 2008…. I’ve done well with this one, lol.
Same here…21-year-old Silverado still running like a champ. I’ll never get rid of her!
Congrats Sharon! Wish I could say mine is running like a champ but @ 247K I’m babying it along until I find another.
I’ll keep my American made 2012 Honda Accord. I drive less than 6K miles a year and at under 106K it should last a good long while.
Buy a parts vehicle as they will outlaw used cars before long.
Wait until the Congress puts a $5,000 annual tax on gasoline powered cars. Nobody will be able to keep them.
A “$5,000 annual tax on gasoline powered cars.” At this point I think we’ll see a true non-compliance revolt. People just won’t pay it, and if that kills registrations, they’ll just drive unregistered cars. Think millions and millions of them. What then? Roadblocks? Just drive through ’em.
It could well be the proverbial straw that breaks the camel’s back. Only the camel will be an outraged citizenry.
Agreed, steal plates drive W/O a D.L.
“ Hide your assets”
They won’t win this..tyranny never does in the long run.
Our survival instincts are getting stronger the more the push.
While I realize their are many sheep out there, we are witnessing a defiance among decent law abiding folks here in Canada that encourages me.
If we had an unbiased MSM as opposed to a government propaganda machine it would shake things up.
See our Truckers Convoy..it has not gone away..it gained international attention.
😎
What will they do when your Ford identifies as a Tesla?
No Found On Road Dead for me anymore.
Our 1979 F 250 was our last one. It was a beauty..
Our GMC is a tank, and I may get buried in it, as it has a matching canopy 😉
If we had an unbiased MSM as opposed to a government propaganda machine it would shake things up.
If we had an unbiased press things never would have gotten this far out of hand.
Don’t bet on that. Nobody I have talked to even cares what happened at Twitter for the last 6 1/2 years. Yet their 1st Amendment right to free speech was removed. Very few people seem to give even a tinker’s damn about anything in that document. Our Republic is being destroyed.
“Being?”
One of those “If you like you’re doctor, you can keep you’re doctor”promises. Democrats are really good at empty promises. There go good jobs for America’s workers in clean energy. What a shocker!
They cannot be bothered to build their factories in the US to qualify for those subsidies.
EVs are just lacking on so many levels. Not enough known lithium/cobalt/nickel etc reserves to replace but a small fraction of ICE vehicles.
Mass availability isn’t the point anyways, limiting travel options by the general public is.
There is NOTHING, I repeat NOTHING that replaces an ICE for power in/power out vehicle. Definition of pipe dream at this moment in history.
Double, double, toil and trouble
Round about the cauldron go
In the poisoned entrails throw
Democrats propaganda snake
In the cauldron boil and bake
Maw of ravening WEF shark
Root of Biden hemlock digged in the dark
I think the reason I don’t understand is that I am not poetic. I guess that is a good poem.
Shakespeare would approve it.
Sir Percy: [on his poem] Well, the pretty thing rhymes in four places, don’t you see? And if a rhyme rhymes, it makes a poem, if you follow me.
Prince Regent: As if it were crystal clear… my dear!
Great film! Lots of good quotes.
Reminds me of the song by Donovan called Season Of The Witch.
👍
Ahhhhhh memories! Thanks for that travel back in time……..
“… You’ve got to pick up every stitch…”
21st century spell?
Tax credit ? Why not give the rest of us $7500 in free gas? Thats about 50,000 miles at $3.00 and 20 mpg.
But…where can you get that “cheap” a price on gasoline? The lowest I’ve seen is $4.79/gal!
As low as $2.82 in ASSACHUSETTS! I know right!
Assachusetts! Priceless! Treepers are on a roll this morning. Thanks to all for the smiles! We need more smiles……
Texas $2.39-$2.59, but we are a red state.
I paid $3.04 a gallon the other day for NON-ETHANOL gas! Yay! I try to put only non-ethanol gas in our vehicles. TN
Let’s give the French and the Germans a few million of our “highly skilled electric vehicle factory workers,” just recently arrived across our southern border from the world’s most advanced EV factories throughout Central and South America.
If I’m on welfare can I get the 7500$ ?
Yes, and another $30,000 just for being in the poverty bracket.
And if your black or brown = BINGO!
In the very slim chance that the swing state ballot scams can be stopped or at least mitigated and a miracle happens, is it possible a non-globalist US president could stop all this ignorance? Seems like a pretty slim possibility given the current state of affairs
Only if the non-globalist US president has a non-globalist Congress to work with; at least the House where the spending bills originate.
That was a big part of Trump’s problems. Republican, but globalist, controlled House and Senate actually worked against him.
The other big part of his problems was that he didn’t know enough people he could trust for his own Administration. That is the worst problem Populists always have. But, I believe he is working hard to correct that situation if he gets another chance.
What do you think about PDJT becoming Speaker of the House for 100 days? I think it would be glorious if for no other reason than to have old cow Pelousi hand him the gavel. A lawyer named Barnes has floated the idea again. I actually hope he does it. He should do it to end the war and impeach Bumbles and Myorkas.
What on earth makes you think that it matters what we/I think about anything……you must be having some kind of dream about Stupid Mitch Getting Some Brass Ones for Christmas. You are dreaming.
You’re thinking about this all wrong, Oldretiredguy. The structure of government is now designed to prevent change. We lost Our Country long ago. Any changes you think were made in The Leviathan are scraps tossed to the voters to nibble while they are being devoured.
The Marshall Plan never ended.
How true. Who knows how many aliases it had / still has?
All of them reaching into our pockets…permission given by our elected representatives.
More America last from Biden and the Dems.
The name of every law passed by the illegitimate government does the exact opposite.
Watch out for population increase act. It will basically fund mass murder camps.
I seriously can’t hate these minions of Satan anymore at this point.
Ha! My 2004 Ford Ranger pickup still drives just fine! No electric cars or trucks for me I say.
democrats are scumslime
“We will take America without firing a shot. We do not have to invade the U.S. We will destroy you from within….”
~ Nikita Khrushchev, 1956
Id say that we are there.
Europe and Asia still don’t get it. But we do…per HL Mencken, good and hard.
By what authority does Biden order an American natgas producer to sell their natgas to Britain?
Joe Biden and Rishi Sunak agree to increase gas exports from US to UK
https://www.theguardian.com/environment/2022/dec/07/joe-biden-and-rishi-sunak-agree-to-increase-gas-exports-from-us-to-uk
Biden has control over the Department of Commerce and the Under Secretary of Commerce for International Trade. Lots of wiggle room for deals that set off 10% for the Big Guy………..
The primary duty of an American President is the duty of undivided loyalty to the citizens entrusting him with the powers of the office—much like a trustee’s duty of undivided loyalty to the beneficiaries of a trust. The President must exclude all self-interest, as well as all consideration of the welfare of third persons or entities. He is prohibited from placing himself or allowing himself to be placed in a position where interests or ideologies of his own conflict or may possibly conflict with the interest of the United States and its citizens. He cannot have an interest that is against his duty.
An American President that puts the interests of another nation, or the planet itself, above the interests of America and its people is categorically disloyal; no matter how self-righteous he may feel about it.
Biden couldn’t untwist a damn pretzel let alone come up with complex thinking
Senate agreed to the motion to proceed to the omnibus 70-25.
GOP in favor:
Blunt
Boozman
Capito
Collins
Cornyn
Cotton
Graham
Grassley
Hyde-Smith
McConnell
Moran
Murkowski
Portman
Romney
Rounds
Rubio
Shelby
Thune
Tuberville
Wicker
Young
Good grief! Both of my scumbag senators from Alabama (neither of whom I voted for) are on this list.
Time to flee! I hear Costa Rica or Panama is nice this time of year. Unless you are ready to take incoming, this is your only choice.
Take good notes, folks! These back stabbers must be removed from power — all of them, regardless what label they put on themselves!
A whose who that we don’t want for Republican Senators.
Folks we have a lot of work to. These Senators think more of themselves than they do of us.
Good to see the administration is addressing its constituents’ concerns.
So now the MalAdministration is working to alleviate the burdens of white societies claiming discrimination?
Am I getting this right?
It’s kinda Orwellian When the laws they pass do just the opposite of what the laws name is.
I like electric motors for torque and speed control, but I don’t like the current battery technology for a power source. We have had diesel electric for a long time, that’s what is used for trains.
I like fuel cells instead of batteries to provide the electrical power to run the motors. Hydrogen being one of the most abundant elements in the universe is the best fuel for fuel cells. Storing hydrogen can be dangerous, but technology can and will probably be developed to provide it safely on demand on board the vehicle. You just have to dust off the chemistry book. During a lecture given by the assistant Dean of engineering he stated most of what we need has already been discovered and can be found in old books and research papers.
He also said you needed to adhere to the KISS principle/Keep It Simple Stupid.
My old Mercury Topaz 4 cylinder with a 5 speed standard transmission still gets 30 mpg, the Dodge 4wd not so much.
Engineers will solve our problems, not politicians controlled by so called Elite/Con Artists.
Yes. Follow the science.
Thats worked out real well for us.
If someone on the fence didn’t know the difference between a President and a Resident… they can see it from this.
President Trump helped the American Economy and it helped Americans FIRST, and a RISING tide lifts all boats.
Resident Brandon helped other Nations Economies and helped Americans LAST, and a WANING tide grounds all boats!
The Odious Occupant is crashing economies left and right.
Mind you we’ve already seen their EcoWar on Europe has destroyed their EV industry.
It’s laughable they come to OO for subsidies when they are soon to be out of the business.
@Maquis, it always chaps my hide, that the people who get Electric Vehicles to “Save the Environment” damage the Environment in the EV’s creation and in being decommissioned than a Gas Vehicle.
It’s gone beyond a South Park Parody.
The people trying to protect the environment have no understanding of Science, Economics or History. A hundred years ago, they would have been tarred and feathered out of town for selling Snake Oil.
It is a sad farce.
At a minimum no EV should be sold without the full recycling of the entire damn thing being covered in the purchase.
If the maker doesn’t have a process to recover and reuse every damn bit of rare earth metals in their batteries they have no damn business selling them in the first place.
Oil is a gift from God that barely touches the surface of this world in it’s exploitation, yet the mining for these metals is raping the earth with huge gaping holes and then comes the processing which is even uglier.
I am all for technology, I love new stuff and the potential for truly clean energy, but they are going in the wrong direction and they don’t care because they are getting rich and conning the masses into a global genocide.
Joe working on anything is simply out of the question.
I’m sure his sex freak show handlers are coming to a solution, and it will be on hand(s) shortly……………..
God, what a bunch of clueless, perverted, incompetent, j**k offs we have, pretending to be running our country.
The American nightmare continues!
Amen. And in Pittsburgh we say Jagoffs. Yes, straight from the heart of Pittsburgh. And yunz too. Like yunz going to the movies? Lol. Love this tree!
Joe will screw them over like everyone else.
They will make it up as they go forward and put anything they want in the bill. There is no law and order. Heck, the republicucks may even write a letter, sternly worded. Folks, we are watching the destruction of America.
77 years after WWII, Europe is still using Americans as ATM machines for THEIR economy. And our government screwing citizens by levying taxes that help everyone other than US.
Neil Oliver said, we need to take comfort in our little lives. We were given these lives to praise his holy name. All that we have, and all that we become is because of grace through faith in Jesus Christ. Today, I choose to smile. Tomorrow another smile, and as each day passes, I will find another positive item to cherish and for which to be thankful. Pray all!
The only portion of the legislation that is being delayed is material sourcing. As of Jan 1, EVs not produced in North America will not get subsidy. So Euro and Asian countries are still screwed starting Jan 1. More important story is Hyundai and SK has been lobbying the Treasury to let them use Section 45 to skirt the material sourcing requirements via leasing. Look that up Sundance. If they let them use Section 45, makes entire EV portion of IRA meaningless.
How about Europe and Asia fix their own economies?
Let’s face it. The US Government has been captured.
The people pulling the levers of government; all 4 branches (especially the 4th branch of unelected criminals) hate us and are working to destroy us. Every last one of us. The sooner we come to terms with this and realize that they are at WAR with us, the better off we’ll be.
I am praying for a General, an Admiral, a Commander to step forward and organize the troops into the best array for this battle.
Watch Congress’ reaction to Zelenskyyy passing his hat tonight for donations. That’ll give y’all a clue as to how Biden will treat Macron and the Chinese.
If a law specifies something be done in a certain way, how is it legal for a President to ignore or modify that item?
If Congress does not respond to any modification of their will expressed in a law duly signed by the President, it is just one more indication that they have, in reality, abdicated their authority in favor of the executive branch.
Great comments! I had to reread them to get another dose of great American humor. Thanks to all!
Bought two new Subaru vehicles in the last couple of years. They should be the last cars we need as we don’t plan on driving electric.
What in the world are all these EV car manufacturers going to do when their product is just sitting there rusting?
Hello governors and red States that have bought into the “We’ve got to finance EV battery production in our State,” you are throwing away your citizens’ tax dollars. It’s not your money; it’s OURS!
You say something to them, and they just nod like you agree with their agenda, or they completely ignore or pretend you didn’t say it.
This irks me to no end. The pincers of higher gasoline prices and $7500 tax credit for buying an EV is a continuation of O’Bozo’s picking winners and losers. I get upset every time I see a Nissan EV commercial where the actress driver comments “0 emissions”. What a huge lie unless you are supplied electricity 100% with renewables such as hydropower.
Then there’s the highway maintenance taxes through gasoline recovered from fossil-fueled vehicles. Both damage the roads equally.
I laugh at these libs who think EVs are the cat’s meow. If no fossil fuels where will asphalt originate? 94% of all US roads are asphalt-based. Quicks repairs on concrete roads need epoxy. That comes from fossil fuels. Forget about plastics. I could go on but will stop. It’s as if my career was worthless as a chemical engineer trying to bring energy to our communities starting with the Trans Alaska Pipeline System Project. The “I gotta have it now” generation is really gonna get whacked on the side of the head by that reality stick someday soon.
Brainless and a world leader, it’s how war begins and what better time to start one.
Cash for gas clunker’s will be the box of tools.
I would not be surprised in the least.
In the coming financial war vs BRICS, US will need westerners dependent on the fiat currency system.
Call this what it is, a payoff to keep them on our team.
How can anyone read this and not wonder how the hell our government has gotten so out of hand. The federal government has no business running a program like this. This is not what our federal government is supposed to be doing.
Even though the bill should have never been passed, how can Biden just make changes to it?
2018 SS https://photos.app.goo.gl/EyPH1AxLHqdnto8U6