1d ago

EV Tax Credit Ending Dec. 31, Effectively Increasing Prices Up to 28% in USA. See How Popular EVs are Impacted.

EV Tax Credit Likely to End Dec. 31, Effectively Increasing Prices Up to 28%. See How Popular EVs are Impacted. - FuelArc News

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.

It's hard to imagine any way this doesn't throw a huge wrench into the adoption of sustainable car technology for the USA.

Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.

32 comments

For shame, OP, removing a key word in the title. When you posted this, and as I type this reply, this legislation has passed the house but not the senate. Whether or not it will is yet to be seen, but the tax credit is not yet set to expire.
- (Lol, thanks for the downvote. Let me get you a full refund.)
  First two sentences clear that up, don't you think? Here, I'll add the TL:DR to the article description above.
  
  For the record, I didn’t download the article. I don’t particularly care if the body of the article “clears it up “. You removed a key word and that changes the title. And you know it.
  
  I'm not a journalist, I'm a comedian, we heckle back :) If you can't read 2 sentences deep, I really don't give a fuck what you think
  
  You don't need to be a journalist to copy/paste a title verbatim
  
  OK, let me ask more pointedly. For what reason did you choose to remove that one specific word? You didn’t just repost an article you saw, you saw the word likely and decided it didn’t belong. Why?
  If it’s a “joke “I don’t get it.

32 comments