EV Credit Ending Could Disrupt EV Industry Growth, Costs Jobs, Raise Taxes Says Experts

testerdahl

testerdahl

Administrator
Staff member
The EV Credit is ending September 30 and most signs suggest this will lead to lower sales, possibly longterm. In just a few weeks, the popular $7500 Federal EV tax credit is ending, leading to what some experts fear is an EV market crash that’s already leading to layoffs, delayed or canceled billion dollar investments and potentially contributing to rising taxes. Could it be even worse than imagined? I spoke with with experts, studied trends, and sifted the news to get an idea just how much the $7,500 EV tax credit ending on September 30, 2025 will impact not just […] (read full article...)
 
Fightnfire said:
Glad to see middle and lower income households no longer subsidizing the wealthy and their vehicles.
Click to expand...
lol...the last thing I think of as "unfair" about rich vs everyone else is EV subsidies. They're still going to be the biggest buyers because they already are the only ones who can afford them.
 
Dusdaddy said:
lol...the last thing I think of as "unfair" about rich vs everyone else is EV subsidies. They're still going to be the biggest buyers because they already are the only ones who can afford them.
Click to expand...
I get it, there's a long list, I just never liked this one from the beginning. Especially because middle income people typically can't utilize the (full) credit anyway. A subsidy for a product very few people want and only the wealthy can afford, paid for by everyone. Never made any sense to me. Not to mention the push for EV has made the vehicle that is affordable for the middle and lower income more expensive.
 
Fightnfire said:
I get it, there's a long list, I just never liked this one from the beginning. Especially because middle income people typically can't utilize the (full) credit anyway. A subsidy for a product very few people want and only the wealthy can afford, paid for by everyone. Never made any sense to me. Not to mention the push for EV has made the vehicle that is affordable for the middle and lower income more expensive.
Click to expand...
10000000000000000% agree. The way the US does the EV credits made no sense what so ever. Let's reward the ultra rich...
 
Fightnfire said:
I get it, there's a long list, I just never liked this one from the beginning. Especially because middle income people typically can't utilize the (full) credit anyway. A subsidy for a product very few people want and only the wealthy can afford, paid for by everyone. Never made any sense to me. Not to mention the push for EV has made the vehicle that is affordable for the middle and lower income more expensive.
Click to expand...
The other thing though is it does or did provide jobs for the middle class though.
 
Dave from All Terrain Nation made an interesting comment on last night’s impromptu Livestream about working at Nissan building the Frontier. He was pretty broke back then and it pissed him off he couldn’t buy the truck he was building. If, he thought, it was a UAW job, he probably could have made enough to afford it.

I wonder if the middle class people building the high-end EVs like the Mercedes-Benz, Volvo, Porsche, Lexus, BMWs think the same way.
 
They probably do, but they're also not propping up the whole thing on the back of their tax dollars. Lots of people work in jobs creating things they can't afford, but they're not actively paying for it so wealthy people can.
 
Fightnfire said:
I get it, there's a long list, I just never liked this one from the beginning. Especially because middle income people typically can't utilize the (full) credit anyway. A subsidy for a product very few people want and only the wealthy can afford, paid for by everyone. Never made any sense to me. Not to mention the push for EV has made the vehicle that is affordable for the middle and lower income more expensive.
Click to expand...
LMAO do I have some news for you about just about every subsidy the US has...
 
You must log in or register to reply here.
Back
Top