New bill to remove limit for $7.5k electric vehicle federal tax credit

Discussion in 'General' started by jvmoore1, Jul 2, 2018.

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  1. Pushmi-Pullyu

    Pushmi-Pullyu Well-Known Member

    Without tax credits including CARB ZEV credits which Tesla sells to other auto makers, Martin Eberhard and Marc Tarpenning probably wouldn't have even tried to start up Tesla, and if they had, it probably would have failed shortly after putting the Roadster into production, due to expenses far exceeding income.

    The road to selling EVs in the U.S. or Europe, for a startup company, is a hard and rocky one. The new car market is highly competitive. Just look at CODA and Th!nk, for example. The latter went bankrupt no less than four times before investors gave up on the company!

    And let's not forget that in the U.S., EVs have a very unfair disadvantage in competing with gasmobiles, since massive amounts of U.S. taxpayer dollars go to using the U.S. military to support a falsely cheap price at the pump for gasoline. As I've said many times, if it wasn't for the trillions of dollars which go to support Big Oil's supply lines, and support the Arab countries which sell us much of our oil, then the pump price for gasoline would be so high that most of us would already have been driving EVs for decades.

    Complaining about the cost of the EV tax credit while ignoring the massive indirect subsidy for Big Oil is like complaining about the molehill being too tall while ignoring the mountain.

     
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  3. Jack

    Jack Administrator

    This thread is not about Big Oil.
     
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  4. bwilson4web

    bwilson4web Well-Known Member Subscriber

    My understanding is two companies have or are about to bust the 200,000 EV trigger:
    The purpose of the incentive was to 'boot start' EV production and sales. It has accomplished that goal so time to "pull up the ladder." Phase out the $7,500 over 2019 and I have no problem. Tesla and GM have already put out enough competition. If the other car makers haven't 'gotten a clue' by now, let competition strike them with a "clue by four."

    Bob Wilson
     
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  5. Ken7

    Ken7 Active Member

    The error in your thinking from my vantage point is your underlying assumption that Tesla would have failed without the incentives. I think that thinking is erroneous. The overwhelming majority of buyers would still have bought the car without incentives.

    Tesla would have been there as would the example they set with or without tax credits.
     
  6. David Green

    David Green Well-Known Member

    I partially agree with you, once, GM, Nissan,and Tesla phase out, lets just end the tax credit, as EV's can now survive on their own, and uncle scam should re-allocate those funds to EV transit buses, and school buses, government vehicles. Lots of progress can be made on emission reductions in those areas.
     
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  8. ekutter

    ekutter Member

    Subsidies definitely have a place to get new technology up and running. We wouldn't have the internet if it wasn't for the government support. Not quite a subsidy, but definitely not started through free market. Also, the subsidies do help the less well off eventually. Without giving Tesla a boost, there would be virtually no electric car industry, at least in this country.
     
  9. davidtm

    davidtm Active Member

    That's correct. The majority party (GOP at the moment) carries the majority in committees. One more thing of which to be aware when you vote.

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