EV federal credit expansion?

  • Thread starter Thread starter NocEdit
  • Start date Start date
  • Replies Replies 39
  • Views Views 112K
SouthernDude said:
Probably not. They probably have several decades left in them.



Yes, this is generally true, but this is largely due to onerous, unnecessary regulations. New nuclear is banned in 14 states because of the non-issue of fuel rod waste. These states put together make up a huge share of the US electricity market. Since new nuclear is effectively shut out, we've lost the talent and knowledge base of building new plants, so they will always be more expensive until effective competition is allowed.



Nuclear waste can be recycled, so there's no point in throwing it away.



You should check out Nuscale. They have been approved by the NRC and are planning on starting construction on a plant in the next few years. Not sure when though.
Click to expand...

Never, no investors are stupid enough

If these plant are so good, why is no one building them. No one will build one if they have to shoulder the liability (insurance) or long term storage of fuel costs and taking the plants apart at the end of their service lifetimes. I have one 8 miles from me, which is shut down, and we will have the waste here forever, because no one can figure out how to move the waste safely, without screwing up the railroads for years. Anyway, they are still six years away from designing the flat car to move a cask from a commercial nuclear plant

Recycled nuclear waste is the raw material for dirty bombs
 
solarjk said:
If these plant are so good, why is no one building them.
Click to expand...

Simple economics. Nuclear is just really, really expensive.

That being said, the current designs are something like 50 years old. If one wanted to go down this road, there are probably much better designs. But aside from academic discussions, nobody seems interested in reopening this can of worms.
 
There is a reason coal and natural gas are the top energy sources and that is cost. Regulation and artificial subsides may change that, but not in any significant way for a long time.

The not in my backyarder's will prevent any new nuclear plants in this country.


Sent from my iPhone using Tapatalk
 
solarjk said:
If these plant are so good, why is no one building them. No one will build one if they have to shoulder the liability (insurance) or long term storage of fuel costs and taking the plants apart at the end of their service lifetimes. I have one 8 miles from me, which is shut down, and we will have the waste here forever, because no one can figure out how to move the waste safely, without screwing up the railroads for years. Anyway, they are still six years away from designing the flat car to move a cask from a commercial nuclear plant

Recycled nuclear waste is the raw material for dirty bombs
Click to expand...

lol. The nuclear waste "problem" is 100% politically created. There's zero reason why a reprocessing facility couldn't be built to recycle nuclear waste or any reason why a breeder reactor couldn't be built to handle additional waste by products. In addition to that, Yucca mountain is perfectly fine to store the waste in too. There is zero way that it would adversely affect anything.

Dirty bombs. lol.
 
Recoil45 said:
There is a reason coal and natural gas are the top energy sources and that is cost. Regulation and artificial subsides may change that, but not in any significant way for a long time.

The not in my backyarder's will prevent any new nuclear plants in this country.


Sent from my iPhone using Tapatalk
Click to expand...
Actually, Wind and Solar are becoming the cheapest sources of new electricity - even without subsides.

You are correct that NIMBY nonsense will prevent new nuclear for no reason. It's ridiculous how much energy we are putting on the table by not recycling spent fuel rods
 
I’m partial to liquid salt, micro reactors. Their waste heat can be used for space heating. Automated, no operator labor and maintenance is replace by “two guys and a truck.” Would YouTube lie to us?

Bob Wilson
 
bwilson4web said:
I’m partial to liquid salt, micro reactors. Their waste heat can be used for space heating. Automated, no operator labor and maintenance is replace by “two guys and a truck.” Would YouTube lie to us?

Bob Wilson
Click to expand...
Can people lie on youtube? Yes, but that satirical situation you are describing is unironically better than what's happening to nuclear waste now.
 
SouthernDude said:
Can people lie on youtube? Yes, but that satirical situation you are describing is unironically better than what's happening to nuclear waste now.
Click to expand...

The internet at this point is a virtual reality disconnected from real life. It's entertainment. Most of the stuff I post and react to are not my true feelings. I laughed my butt off at the Bill gates interview where he didn't understand the conspiracy theories against him. Bill doesn't get running jokes and the jist of things. Ironic since he had such an extensive tech background.


Sent from my iPhone using Tapatalk
 
Well, if you know the history of Microsoft, Bill Gates didn't become successful by having the best technology. But he sure loves playing the role now...
 
Looks like my prediction is spot on. By the time the Federal rebate is passed in the new infrastructure bill… Tesla model 3 will have raised their price by close to the new EV rebate amount. Back in January 2021 you could still buy a Tesla Model 3 for $36900…. Now the lowest is $5k more at $41900.

The federal rebate is basically cancelled out already for future Tesla owners.


Sent from my iPhone using Inside EVs
 
NocEdit said:
By the time the Federal rebate is passed in the new infrastructure bill… Tesla model 3 will have raised their price by close to the new EV rebate amount. Back in January 2021 you could still buy a Tesla Model 3 for $36900…. Now the lowest is $5k more at $41900.
Click to expand...
I can't find anything in HR3684 to has to do with EV tax credits. Perhaps you can tell us which section we should be looking at in the bill.

There is money for charging infrastructure in section 11401.
 
marshall said:
I can't find anything in HR3684 to has to do with EV tax credits. Perhaps you can tell us which section we should be looking at in the bill.

There is money for charging infrastructure in section 11401.
Click to expand...

It got cut from the latest infrastructure bill… but is most likely going on to be pushed through in the reconciliation package along with the separate infrastructure. The specifics are being debated but it’s gonna happen most likely. Tesla will get a little less than GM, due to not being unionized but should work out to about $7500 federal and then whatever states offer in addition still so in CA about $10-$11500 off a tesla.

So at current prices you would save $2500 roughly buying a Tesla post EV credit introduction Vs back in January 2021. That gap might drop to zero with one more Tesla model 3 price raise.

Makes me wish we bought a Tesla earlier this year before the price hikes. I could probably sell it for $5k profit no problem to people not knowing this credit is going to be pushed through soon! And could have driven a Tesla for free this entire year!




Sent from my iPhone using Inside EVs
 
Last edited:
marshall said:
I don't think Tesla would raise the price of their vehicles. I don't think GM would either since they have to sell enough ZEVs/PHEVs to meet the ZEV states requirements.
Click to expand...

Um, yeah, that was a bad call... My prediction of Tesla price hikes was dead on.
 
marshall said:
I guess we will see. If there is any price increase, it will come with a longer range vehicle. However, I think they will keep a lower range vehicle at the current price structure or even cut the cost even more using the new batteries.

But first of all they have get the tax credit back.
Click to expand...


Wow you were wrong again... I'm leaning toward putting in a reservation for a Long Range Model 3... it's the model with the least price increases and probably the best value currently.
 
NocEdit said:
Wow you were wrong again... I'm leaning toward putting in a reservation for a Long Range Model 3... it's the model with the least price increases and probably the best value currently.
Click to expand...
Well so far you are correct. However, it remains to be seen if the price increase holds over the next ten years of the tax credit, providing the tax credit get approved.
 
As of this date the BBB plan with up to $12,500 credit for qualifying EV's is on hold. My opinion is the gov't is not really serious on incentivising new EV purchases since the bill as written only qualifies for the Chevy Bolt. Made in the USA by union labor. I'm ok with the made in the USA part, but it leaves out all the other US assembled EV's by non-union plants. If the intent is to get as many EV's on the road ASAP then narrowing the qualifications to GM alone does nothing. GM is currently dead on arrival to the EV game anyway.
 
Almost Green said:
As of this date the BBB plan with up to $12,500 credit for qualifying EV's is on hold. My opinion is the gov't is not really serious on incentivising new EV purchases since the bill as written only qualifies for the Chevy Bolt. Made in the USA by union labor. I'm ok with the made in the USA part, but it leaves out all the other US assembled EV's by non-union plants. If the intent is to get as many EV's on the road ASAP then narrowing the qualifications to GM alone does nothing. GM is currently dead on arrival to the EV game anyway.
Click to expand...

It’s not a zero sum game though. Tesla still gets $7500 fed credit reinstated in the current framework. That’s not peanuts and will drive Tesla demand through the roof. You wouldn’t get a Tesla til 2022.

Also VW is Tennessee plant for the VW ID4 is starting up this summer… most likely a union plant. That’s means VW would get s bigger incentive too… close to the Chevy bolt incentive. Car makers will do whatever they can to qualify for this incentive.


Sent from my iPhone using Inside EVs
 
You must log in or register to reply here.
Back
Top