Did anyone else see this? If I read this correctly, the 4xe doesn’t qualify for the 7500 tax credit anymore. There is a lot of unanswered questions like when does it go into effect?
This is a non-binding resolution.Did anyone else see this? If I read this correctly, the 4xe doesn’t qualify for the 7500 tax credit anymore. There is a lot of unanswered questions like when does it go into effect?
It's also not going to happen by selling more $60K Jeeps. A tax credit doesn't help someone who can't pay their bills today, or who cannot get approved for such a large loan in the first place. Getting reliable, safe, simple, and functional EVs into the hands of people who can't afford a nearly-new Civic today will have a massive impact on those goals. Focusing on fleet vehicles will also help. I think Ford is hitting the nail on the head with the new Maverick and F150 Lightning. Other manufacturers will be compelled to follow suit.That is not going to happen without incentives.
I have quite a few family members with what would be considered an average middle class income…it would take a $25k+ credit to get most of them to spring for a new $65k EV. If they started to offer a smaller maybe $3500 credit to used EVs… that’s something to talk about.I mean, I’d rather not limit it, but if they do… at least $150k to start with limiting.
I agree... without getting into PARTISAN politics, ANY politician wants a "verifiable outcome of success" for their agenda. Biden has made it clear that he wants 50% EV by 2030... In order to reach that goal, it will not be the accomplished solely by EV's under that $40k pricepoint or whatever it is... and that is A-OK with him, I am sure. In order to reach those kinds of numbers, there will have to be more expensive vehicles (and their buyers) in the mix. So, I would expect this to be reworked in later legislation to best fit with accomplishing the agenda.I also think that Biden wants 50% EVs on the road by 2030. That is not going to happen without incentives. That means rethinking the tax credit in general and adding charge ports across every highway, mall, and shopping center across the country.
this would be very cool… just don’t ask me if I have an airbagI love restoring and restomod'ing old cars and repowering older and classic cars with EV drivetrains would be another great way to get there. There are companies already working towards this (EV West, and a few that are making SBC/LS adapters). If legislation is the door opener, then write legislation that defines some safety standards for these conversions (electrical shutoffs, monitoring, battery failure containment, etc) and clears up some of the rules around EPA and CARB compliance so owners know their car will not fail inspections in any state. If you could convert a 20 year old Suburban, F150, or Odyssey to a modest-range EV for less than $10K and offer subsidies for that for those in need, you fulfill a big need without forcing people from their pickup into a cyber truck. These are transitional times for sure.