We accept the named legislation “Inflation Reduction Act” (IRA) is a legislative misnomer intended to obfuscate the true construct of the bill. The IRA was factually the ‘green new deal’ program packaged under the guise of an ‘inflation reduction’ premise. However, in order to discuss the outcome of the content we have to play the game of pretending around the purpose of the legislation.
Within the IRA there was a $7,500 tax credit for American made Electric Vehicles. The intent of the legislation was to provide incentives for U.S. consumers to purchase ‘sustainable’ and environmentally friendly electric cars, trucks, SUV’s etc made in America.
The Congressional Budget Office (CBO) scored the bill with this legislative intent in mind. However, the Treasury Department is now taking apart the granular details of the legislation in order to qualify foreign made vehicles for the $7,500 credit. The rules interpretation from the Treasury Dept essentially negates the CBO score, and the outcome is going to be much more expensive than initially stated.
Because the $7,500 comes in the form of a tax credit, the IRS (Treasury) is the institution making the determinations for qualification. Treasury is changing the qualifications to permit basically any EV to qualify, by parsing a difference between a leased vehicle and a purchased vehicle. Additionally, Treasury is changing the battery sourcing aspect by qualifying essentially any trade agreement as a Free Trade Agreement (FTA), saying the term Free Trade Agreement was undefined in the legislation.
As an outcome & simply cutting to the chase, EV batteries from just about anywhere, inside EV vehicles from basically anywhere, that are purchased as leases from just about any auto manufacturer, will qualify for the $7,500 credit. It’s all a shell game, with the Biden administration determining where the pea is located.
Dec 29 (Reuters) – The U.S. Treasury Department said Thursday that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible.
The announcement is a win for South Korea and some automakers that earlier this month sought approval to use the commercial electric vehicle tax credit to boost consumer EV access. Automakers said the credit could be used to reduce leasing prices.
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for purchases of electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others. The new Treasury guidance does not change the definition of what constitutes North American assembly to make more vehicles eligible for EV purchases.
Treasury said it was using “longstanding tax principles” to determine consumer leasing could qualify for the EV tax credit.
The IRA also imposes significant battery minerals and component sourcing restrictions, sets income and price caps for qualifying vehicles and seeks to phase out Chinese battery minerals or components. The commercial credit does not, however, have the sourcing restrictions of the consumer credit.
Senator Joe Manchin, a Democrat who chairs the chamber’s energy panel, urged Treasury to pause implementation of both commercial and new consumer EV tax credits and said they had bent “to the desires of the companies looking for loopholes” and would seek new legislation that “prevents this dangerous interpretation from Treasury from moving forward.” (read more)
From the Wall Street Journal, “One of the documents released Thursday pointed out that because the legislation doesn’t define what a free-trade agreement is, the Treasury Department might consider other types of trade agreements to expand the eligibility. The department didn’t provide examples of such agreements, but trade lawyers have suggested that the 2019 bilateral trade agreement with Japan and the World Trade Organization’s government procurement agreement could be candidates.” (link)
I am reminded of the words from Democrat Congressman Alcee Hastings during the construction of the ObamaCare legislation. WATCH (10 secs):
.
A big FU to Tesla as Elon has become an enemy of this admin. What a joke!
I gave a big fu to Tesla & every other ev manufacturer on the day they began operation.
The tax incentives offered over the years never changed my position.
EVs Don’t work in cold weather, and neither do the superchargers.
Give em another 25 years and they might.
https://electrek.co/2022/12/26/tesla-owner-viral-car-would-not-charge-in-cold/
Gee, I wonder how many African kids will be dead by then.
100’s of thousands.
Every EV was made with cobalt mined with slave wages and child labor.
Yep, the Satan-worshippers don’t care about that….in fact they’re making it so we end up joining them eventually.
Key word…”might”
And Sundance says they spontaneously explode/catch fire after hurricanes and flooding.
This is accurate. Dozens of EV’s in the aftermath of Ian were catching fire on roads and in garages. It was so bad the fire dept was begging people to get them out of their garages.
Wild aspect to the EV issue.
Yes, I remember people asking you to report on how they were faring in the wet and floods, and when you did, BOOM!
There is no good reason to purchase one of these combustibles, or for the U.S. taxpayers to lose tax revenue because someone bought one and rec’d a credit. But it is the usual credits for the wealthy program. Another redistribution of wealth to the wealthy.
Or Cash for Clunkers.
Yup. There was at least one house on either ft. Myers beach or Naples that survived Ian and their Tesla caught fire in the garage and burned the house down.
Correct that really happened.
they don’t work in the cold, they burn up in the wet, and they burn up in Vancouver BC while stopped, trapping the driver who had to break a window to escape before the fire started. can we finally say ‘enough already with these things’ ? They didn’t last at the turn of the 20th century and they won’t last through the 21st.
Have a friend that approx 10/12 years ago installed solar panels, was counting on the rebates, by the time they were installed and paper work got thru the chain of confusion all the money was gone—strike one.
He always had a company supplied vehicle, plus a personal play toy, when he retired he naturally lost the company ride. He decided that the plat toy ride wasn’t really a practical daily driver.
He went for a New Tesla, it was a neat shiny toy for a while then the headaches started and boy did they, driving down the road it loses it’s mind and stops, have to call to have Tesla sent a reset “bullet” to get the car to move, windows do what ever the poltergeist instructs them to do and more.
I found it quite funny, this guy was for years the tech rep for a major recreational vehicle company, his not a dummy, strike two. He just recently found someone that had to have it so down the road it went, plus one half.
Just found out he ordered a Fisker Ocean, if you will remember there was a whole warehouse full of Fiskers that went kaboom when “Super Storm” Sandy went thru NJ while doughnut boy was hugging Ozero.
One must ask who the hell was in marketing that called this new turd model “Ocean”.
Fisker was another one of the shovel ready companies like Solyndra that got the Ozero bucks then went tis up.
Strike three he’s toast.
I have a picture of the kids mining cobalt in the Congo all framed for the next time he wonders by.
Forgot to add that he didn’t get the tax credit for the Tesla because he was retired and didn’t have enough taxable income to be able to use it.
oooooh, you’re mean
Thumbs-up for your reference to the LBI Orca, Chris “Krispy Kreme” Christie.
I’ve worked alongside many highly educated & talented people over the years.
What I learned from that is that most of them had zero logic/reasoning skills & were not capable of simple problem solving. Sounds just like your friend.
All those people that purchase battery powered cars are going to in for a shock when they try to trade them in or sell them.
Someone should sponsor a billboard showing a team of horses, sled dogs or goats pulling an EV down a highway in a snowstorm with a huge of line internal combustion engines whizzing by them.
It’s fashionable to jump on Musk these days, but someone who builds actual things is a win these days.
People will say he was gifted a road to success because of “status” granted by the system but Things have not been smooth at all during the 10+ years of Tesla and related ventures.
Knowing we have a government that hates us and seeks to suppress all dissent my first thought is this us designed to hurt Tesla/Musk for daring to upset the DC machine. And WVA…please get rid of Manchin with all haste…the whole country has had enough of his oily presence.
Name the last judge impeached and removed from office. There has only been a few in the entire history of this country.
Hint: it’s the POS in the video at the end of the article.
Isn’t it funny that he ended up back in the D.C. game? He shoudn’t have been able to do so since he was impeached and removed from the bench. Funny how that works, huh? It must have been the magic letter after his name: D. 🙂
“ It’s all a shell game, with the Biden administration determining where the pea is located.”
Thimblerig.
Also see Mexican three card monte.
The Green New Deal and all the fake climate BS is the biggest and most destructive scam ever perpetrated, even worse than the ScamDEMic.
Just look at what’s happening here in NY where I have the misfortune to live.
We have people freezing to death because the gas companies are being put out of business for causing “global warming.”
Look at what just happened to the people who got stranded in their subsidized electric cars during the cold snap.
What about the fact that all those rare earth metals are being mined in the most dangerous conditions by slave labor, many of whom are young children.
Meanwhile, all the politicians who are shoving it down our throats are getting rich.
There is no manmade climate change. None.
No reason to destroy our energy and auto industries.
“There is no man made climate change. None.”
Of what a dust I raise! Aesop’s “Fly on a chariot wheel”
Those who believe in any significant man made climate change are like Aesop’s fly.
At least the fly has an actual phenomenon to claim.
Greens just raise a stink.
Good point. At least the fly wasn’t completely delusional. Nor a crook.
NO. The biggest and most destructive scam ever perpetrated was covid response.
The biggest so far. From here on it will be used as a benchmark, a reference point.
BINGO!!!
WuFlu hysteria and propaganda, OWS, and the mRNA death clot jabs have done more damage (world wide) to public health, small businesses, and economies than any series of events in the history of mankind.
“There is no manmade climate change. None.”
Beg to differ here. It’s ALL man made. All of it. All in the heads of a select few, and perpetuated onto the many.
Correct. The climate of the world is not controlled by man.
http://exactweather.com/
Nations of the earth all work together to control “man made climate change” as if it is real.
China nullifies their combined efforts.
Nothing from nothing leaves nothing.
Man made global warming is a nothing hoax.
Nations of the earth work to stop the nothing hoax.
Govment and business rake in the money.
Vocabulary word of the week: anthropogenic (meaning: Caused by humans.)
Astonish your (idiot lefty) friends and family. (Well, maybe many of you don’t have lefty friends if you’re lucky enough not to live in a solid blue area as I do…)
I’ve found it often just stops argument dead, because they don’t know what it means and are afraid to admit it.
“they don’t know what it means and are afraid to admit it”
Good one, steph
Things are looking up for New York. The “City” is planning to purchase 7 EV garbage trucks from Mack Trucks. Trouble is they will be used to plow snow and the batteries only last 4 hours, when 12 hours are needed for the job…and heaven forbid those batteries get wet!
Good ol’ Joe Manchin. He knows exactly when to give an issue lip-service.
Don’t forget his boyfriend Lindsay.
And Frank Lunz
Biden was asked about this when Macron came to dinner… he answered “we’re working on it”. So, I guess he tasked Yellen to find a loophole and so she did.
Despicable!
So much for MADE IN THE USA (and Union labor thus dissing Elon Musk) as was touted at the passage of the bill.
I am so so sick of these people.
I am far more cynical than that.
I think it entirely plausible the IRA was written with this outcome in mind.
Macron asked about the bill because Europeans are beginning to criticize the de-industrialization of Europe. The true cause of de-industrialization is Western energy policy, of which the IRA is a symptom and not a cause. This, of course, cannot be admitted, so a straw man is needed.
European leaders get to create the perception they stood up to the US, got a win, and care about the EU economy; US leaders maintain economic solidarity within the WEFstern bloc, keep the IRA laundering machine operating, and appear to care about the US economy; and the common people on both Atlantic shores get soaked.
European leaders are to US leaders what Republicans are to Democrats. It’s all theatrical.
Vraiment possible!
Yeah, the revised IRS determination was delayed due to Macron not having the deposit numbers to the “Biden Family’s” offshore bank accounts.
He had to fly in to get them before Joe would announce his latest USA and UAW sellout.
Giving away money we don’t have for a product that the market really doesn’t want.
If EVs were truly a better product then they would naturally displace ICE vehicles without any incentives.
The free market works, too bad all we’ve had for ages is the shadow of free market.
If they’re willing to take $7500 off of a vehicle that doesn’t even work, image how cheap an ICE would be!
We might all be driving a new Mustang every 2 years with 550hp, 70mpg and gas at $.10/gal.
Free markets don’t apply to Ev’s.
Ev’s only make sense if you first make cheap energy expensive so that the more expensive energy appears cheap.
That takes manipulation.
And we’re neck deep in manipulation, and it REALLY stinks!
Clown countries like Canada just legislated 2035 for EV switch.
EVs have clear advantages, but the market should be allowed to make it happen. Toyota and the Japanese manufacturers argued for a slower approach, including a lot of hybrids, and the press/Special interests HAMMERED them. So they changed their minds.
Regardless, manufacturers in more private moments doubt the public stance taken by their companies.
So I can buy a $3k golf cart and claim a $7.5k credit?
I challenge you to find a new golf cart for $3K these days…..
Maybe he could get a ridding mower and qualify?
Prolly not street legal….. 😉
I looked for an okay used one and could not find one for $3000.
I’m not surprised. I shopped for 4 man carts (gas or electric) about 8 years ago and they were easily over $6K back then.
Plow up some ground, fill out the forms to be a farmer, go to the John Deere dealership. You’ll get one.
OK a free golf cart then.
🤣🤣
Free is always good. But best check the fine print in the new bill to see what vehicles qualify for the credit.
Road legal?
Hmm that would be popular in our RV park.
LOL Drunks on golf carts qualify for tax credits!
Check out the GEM cars at (gemcar.com) I’m not affiliated with them in any way, nor is this a promotion. But if you want to have something a little fancier than a golf cart, and street legal in some applications, they are a fun way to waste substantial amounts of money.
I would be King of the Campground with one of those! LOL
Golf carts have been deemed street legal in my subdivision by the city.
What if you buy 3 and put them in tandem or alongside each other?
CON JOB
It’s always the details which trip people up. And details always have a funny way of not showing themselves until after an unread bill is passed and signed into law.
Legislative sleight of hand always meant to deceive. Government are the masters of such deception.
By the way…also changed is the requirement under this monstrous bill that a person must report money in excess of $600 for third party payment platforms. Link below for those who didn’t know about this grotesque requirement.
As usual, nobody thought this through. Clean up on Aisle IRS.
https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k
So they can’t even make their tyranny run on time?
Left hand doesn’t know what the right is doing. It was a mess to start with, thought up by some taxpayer paid bureaucratic jobsworth who has no idea how the real world operates…
So no…they can’t.
Nor do they care to find out how the real world operates.
The only works which exists for them is theirs. Inmates in an asylum of their own creation.
The details.
Department store dummies have more animation than that…that…thing. And probably more upstairs as well.
America Never.
Cash baby, cash. Cash only. Only cash. Cash never reaches “3rd party payment platforms.”
Yes they’re working to replace and outlaw cash. Using CBDC (Central Bank Digital Currency). If the sleeping masses don’t wake up soon to that abomination, rise up, and put an immediate halt to that effort before TPTB can implement, we are royally screwed.
Oh I think we’re screwed anyway, GB….since rules governing anything they come up with are subject to tweaking. Not sure how it can be stopped.
” THE Sting” Part 2
“ the Treasury Department might consider other types of trade agreements to expand the eligibility.”
Would the trade agreements (Favors for Bribes) the Biden’s had/have with Ukraine qualify?
This is big government. When we wrote the legislation not a single one of us thought to define what a free trade agreement is. Now a free trade agreement is whatever we say it is. All done by design. They are not this stupid. They wrote it like this on purpose so they could have more power and make more money.
Wait until they finally get the Carbon Credit Exchange up and running. You ain’t seen nothing yet. They will have everything coded just like Obama care.
Code 5888864467- you have an electric can opener no tax credit for you but you pay an extra electric can opener tax
Code 5888864468-you have a manual can opener with plastic handles well you get an extra manual can opener tax because of the petroleum used to make the plastic handle
Code 5888864469- you have an all steel can opener you pay an extra steel manual can opener tax for the extra weight of the steel when it was transported
Get used to this it’s what they are going to do
They would never do that. It would require 87,000 IRS agents.
With guns.
😆
The real problem lies in the fact that the EV is an overpriced unworkable vehicle. The truth is we are being scammed and suckers are buying into it. Remember, BBB will leave most people w/o transportation. That is the real objective.
Biden dares to admit that the IRA is actually “The Green New Deal”!
Biden Reminds Americans About His ‘Inflation Reduction Act’ Fraud https://townhall.com/tipsheet/katiepavlich/2022/12/29/biden-reminds-americans-about-his-inflation-reduction-act-fraud-n2617680
Could this snippet have something to do with it?
This is because the EU complained not enough money is coming their way, will not be a benefit for Americans.
Just a handout for Europe.
https://www.foxbusiness.com/economy/eu-hits-us-electric-vehicle-tax-credit-requires-final-assembly-cars-north-america
Also EV’s constructed (or assembled out of parts) outside the US could benefit for the credit now.. Which means Tesla’s that are made/final assembly in China can be sold in the US 😀
Are Ford and GM electric cars being produced in Mexico?
Would seem so based on articles like: https://www.slashgear.com/ford-to-build-new-ev-in-mexico-angering-uaw-22664767/
You know how most cars get made nowadays is the parts are all made abroad, this could include things like complete engines. Then the final assembly of these big pieces happens in a plant in Mexico or the US (made in the USA then!). Most likely to skirt the Free Trade Agreements.
Random thought: you know once those free trade agreements that get closed.. you never hear from them again.. just like major pieces of legislation. Like TTIP (Think it was) used to be all the rage and now nobody talks about it. Yet for sure it has not gone away. Must be because all the disputes are handled in secret with not-for-public-scrutiny international courts 😀
Where in the Constitution does it give a bureaucrat the right to change the bill as it was written, passed and signed into law.
We live in a post constitutional nation.
Since the Legislative branch abrogated their rule – making power to the Executive branch decades ago.
If Americans return to the moon, the spacecraft propulsion must be by battery.
Maybe Elon Musk will be able to switch production from Tesla batteries to SpaceX batteries.
I should probably let him know my brilliant idea and he will surly make me one of his VP’s.
The ideas that are totally not based in science are the best.. Yea physics take that!
To the moon with batteries and beyond! Stupid physics!
(Disclaimer: When I say science I mean the measurable and predicable attributes of nature as captured by Physics, not the hokum Fauci uses to take society hostage)
Seen on the web recently (from memory so probably not as good as it was…).
I wanted to follow the science, but I couldn’t find it.
So I followed the money, and that’s how I found the science.
This is yet another tax giveaway to the rich. Lower and middle class consumers cannot afford EVs in their current price class.
Looks like I can trade in my EV Golf Cart on a new one and get myself a credit.
Average Americans earn about $32,000/year and pay an average of 14% tax…. So the average American that buys an EV will get no tax break. The IRA is for the Elite Americans that pay more than $7,500 in federal taxes. Another taking from the poor to help the rich.
500 tons of earth has to be mined for one stinking little battery that EVs are full of and none of that is mined here.
It won’t be long before taxes are levied against gas powered vehicles and when you pull up to the pump you will be paying for mileage driven since last fill up.
Count on it
And the mining equipment isn’t battery powered either. So they’re burning 1000’s of gallons of diesel to move that 500 tons of earth to get a battery that lasts what, 60k miles?
Don’t forget the coal mined to power the plants that charge the thing.
Rube Goldberg is green with envy.
“We make up the rules as we go along.” – Congress! We make up the law as we go along. – obama activist Federal Judges!
Just more funding of the Climate Change Cult.
Possible silver lining is that vehicle insurance for EV’s will sky rocket as more are put on the roads – they are death traps and very expensive to repair. Home insurance for EV owners will also go up as housing the things in your attached garage is like having a time bomb in your home.
Afraid they would also raise the rates on everyone else?
D E M O C R A T S THEME SONG
Well, Delusional Joe said the U.S. gubt would Buy American, so obviously this does not apply to any vehicles purchased or leased by and for the U.S. gubt, like the fleet they are purchasing for the U.PS for starters. Those will all be required to be made in the USA, right? 😉
USPS…
Your U.PS is more appropriate for that outfit. They slow-walk mail deliveries.
The Snail Mail Squad has been replacing its aging Jeep fleet with those hi – top cargo vans. The gag is that the brand badge on the grille of the vans has been removed or never installed since TPTB don’t want the public to know that the vehivcles were made by Mercedes – Benz.
Are the MRSP limits still in place. That was one of the biggest complaints.
MSRP limits:
SUVs, vans, pick-up trucks $80,000
Other Vehicles $55000
IRS is has just classified Ford MachE as a car. Means the $55k limit keeps you with either the base model or a Premium RWD with zero options. Folks who ordered higher end trim options last summer are waiting on delivery and seeing a $7500 price increase on Jan 1st.
Leave it to the Government to screw things up.
Part of me thinks that the screws are being put to both Ford in Tesla in order to help GM via this classification, joke is GM has a lot promised but nothing seems to be getting delivered besides Bolts.
I’m sure they’re not alone, but not feeling a lot of love for GM:
https://12ft.io/proxy?q=https%3A%2F%2Fwww.breitbart.com%2Feducation%2F2022%2F12%2F29%2Fgeneral-motors-funds-effort-embed-pro-transgender-books-classrooms%2F
Elon will just sue the DOT and say foreign made cars is not written in the letter of the law. Looks like a pretty easy win for EM.
If true, that will make using a leased EV ripe for tax loophole.
There is also a tax credit for used vehicles in the law.
• Buyers can qualify for a credit that is the lesser of $4,000 or 30% of the sales price for used EVs weighing less than 14,000 lbs.
• The sales price of a qualified used EV cannot exceed $25,000, and the vehicle must be at least two years old.
• A qualifying vehicle must also be propelled to a significant extent by an electric motor that draws electricity from a battery, and which has a capacity of not less than 7 kWh, and is capable of being recharged from an external source of electricity.
• The transfer of the credit (at point of sale) to a dealer, as defined under Section 30D(g), can happen after Dec. 31, 2023.
That third bullet point could only have been written by a government regulator.
That might be good for the used car lots, as I have heard used EVs aren’t moving, at all.
Does not favor hybrids
Well- this weather has caused big problems for Tesla owners
A Tesla owner says his car wouldn’t charge in freezing temperatures, leaving him stranded on Christmas Eve
https://ca.news.yahoo.com/tesla-owner-says-car-wouldnt-101617440.html
In Australia
Tesla chaos strikes: Long Christmas holiday queues for charging station reveals the harsh reality of owning an electric vehicle in Australia
https://www.dailymail.co.uk/news/article-11580989/Tesla-owners-waiting-large-queue-charging-station-Wodonga-Victoria-NSW-border.html
This excellent article explains a lot:
Subsidies are the name of the game when it comes to manufacturers and governments looking to cash in on the electric vehicle (EV) market.
In the minds of corporate executives and politicians eager to create jobs and shake hands, there is no better way to jump start economic growth than to take money out of the public coffers and put it in the hands of companies that promise to be job creators.
https://amgreatness.com/2022/12/28/the-race-is-on-to-be-solyndra-on-wheels/
Quoted from the article on American Greatness:
The hope was that electric vehicles would be a foundational basis for a fourth industrial revolution with EV’s rebranding Lordstown (Ohio) as the “voltage valley.” But the celebration may have been premature.
Stelantis chief manufacturing officer Arnaud DeBoeuf warned that the climbing prices of EV’s and ICE (internal combustion engine) vehicles alike could tank the auto market.
As 2022 closes, these EV startups have dramatic declines in their stock values:
LOSSES:
Workhorse (WKHS) -64%
Rivian (RVN) -81%
Fisker (FSR) -55%
Lordstown (RIDE) -68%
Unquote.
Thanks for posting that article Seneca the Elder. Very interesting!
The EU was furious at the IRA because it would have cost them. The EU has accused the US of using the conflict in Ukraine to enhance US profits and hurt the EU economy. The IRA was one of their biggest complaints.
So, the US has to backtrack to keep the EU in line with the sanctions policies that are costing Europe far more than the US while we continue to ship them LNG gas at huge profits that are being used to bolster our GDP figures.
EV prices went up 7500 right after the signing of the bill, if bikes qualify the Demos been plaining for this, rent a bike in Dem cities are everywhere, who gets the tax credit kickbacks?
Wonder what the impact of an agency determining the rules regardless of what Congress established will affect the USMCA that gave certain benefits to Mexican and Canadian manufacturers, producers over those nations not part of the USMCA?
Thinking comes from the recent move by the Supreme Court saying that agencies don’t get to make up the rules as they go along.
I hope they get sued over their interpretations. A good example of what happens when lobbyists write 4000 page legislation which no one, including those voting on it, reads it.
Hey folks
This isn’t that bad, it’s way worse!
Lots of unintended consequences coming…
EV’s are going to be so expensive during the 2023 economic disaster that there will not be enough sales to make it worthwhile to produce. Even if with subsidies they are comparably priced, the 4-8 hour charge time and inability to function in the coldest regions will cause consumers to ignore them.
Anybody ever think about how big the charging parking lot will be. Typical gas pump is 1 vehicle every 10 minutes x maybe 6 pumps is 60 vehicles per hour needs space for 6 vehicles at a time. With EV’s at a minimum 4 hour charge time multiplies the number of cars around by 4.
So, 4 hours x 60 vehicles per hour to match gas service and you could have 240 vehicles sitting around charging in a parking lot 40 times bigger than a typical gas station. If you had a restaurant with car delivery great, but if the burglars figure it out it will be a gold mine.
Almost nobody wants this so even if they are forced on us, there will be rebellion.
Heh, public chargers are like public schools and public bathrooms. Use them only as a last resort.
Last paid public charger I used was September coming back from a 4 state trip.
Is there someplace unbiased that I could find out Exactly how much electricity it takes to fully charge an ev’s battery?
Or maybe some data that shows the unit price per mile comparison between gas vs electric?
All the data I can find is propaganda from those involved in the scheme.
Exactly depends on a lot of variables. According to the following article, it is about $.04 per mile. 30 MPG and $3 gas is $.10/mile. One of these days they will figure out how to get road taxes added.
https://getoptiwatt.com/blog/how-much-electricity-does-it-take-to-charge-a-tesla
Thanks.
Road taxes will require that they collect the mileage your vehicle travels.
But, like the gas tax that was intended for maintaining the roads.
That tax money will also be redirected to funding programs that Congress didn’t want the public scrutiny for supporting.
Back when public debate was allowed.
Yup, I average 3 or 4 cents per mile with my MachE depending on highway or city driving. Only maintenance has been water in the washer fluid bottle one tire rotation and air in the tires. Never really charge away from home. 27000 miles for $810 at that rate.
If I purchased a Ford Edge Titanium for the same price instead at 24mpg those 27000 would cost $3375 and then add oil changes and brake service after 50k miles. I would also be pulling 7.6 seconds 0-60 and not the 5.6 seconds my MachE pulls.
Also, never having to visit gas stations and just charging at home is amazing, no wasted time standing at that pump.
And your home electric bill has increased by how much?
Let me know when you can make a cross country road trip in your MachE (without hassle) in the heat of the summer or the cold of the winter, lol!
Since the vehicle has to be leased, the customer leasing the vehicle doesn’t get the tax credit. The company leasing the vehicle will get the credit.
When you lease a vehicle, you don’t buy it. The vehicle is sold to a leasing company, and then the consumer leases it from that company. At the end of the lease you have to return the vehicle.
So in other words, no tax credit for you and you will own nothing and be happy.
I look forward to the day when it is recognized that those individuals and organizations touting ESG credits are held in the same regard as those who promoted FTX.
They know electric vehicles are BS along with climate change.
It is a means to the ends. Vehicles and travel are freedom and independence; a corrupt government can’t allow that
I was part of an automotive manufacturer’s Lobbyist’s (internal) review of this legislation a few month’s back, who claimed that zero consumers would get the entire $7500 tax credit, because no vehicles existed that met the criteria. I chuckled under my breath at the naiveté to believe that Big Government would not change the rules on them and a few other details they hadn’t yet considered.
The “Inflation Reduction Act” reduces inflation like the “Respect for Marriage Act” shows respect for actual marriage.
These “Acts” have been misnamed for quite a while. The “Patriot Act” comes to mind.
Controversial social media star exposes the huge problems of owning a Tesla in Australia – and vows to ditch his electric car and go back to petrol
https://www.dailymail.co.uk/news/article-11583641/Aussie-TikToker-Luke-Erwin-exposes-huge-problems-owning-Tesla-Australia-viral-video.html
Wow! A two hour wait for a full charge and queueing at 40 deep. That’s not for me, I’ll stay with fossil fuels.
Bad behavior at the legislative and executive branch levels is clearly coloring well outside the lines. The judicial branch was supposed to hold both to account despite inadequacies (Marbury). How many have forfeited their honor and constitutional responsibilities?
Even for less than less than perfect artists, corrupt government officials on both sides of the aisle have colored way outside the lines. It’s not a D vs R or any other political group.
What shall be the remedy? When?
Any language in the bill that would keep me from buying a nice electric golf cart nd getting the credit? Got my eyes on a six-passenger with a surry top.
Doesn’t matter to me, I am never going to buy an EV anyway. I also never believe anything the government does is for my good.