Trump team puts EV tax credit on the block, Tesla is on board: Report
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The most corrupt administration in US history, and they haven't even been sworn in yet. Chucklefucks voted for this, we in the US deserve everything coming our way.
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Elon Musk is a fascist who only looks out for himself. That fascist should be nowhere near control of a car company or government post. Elon, a fascist, is also a charlatan.
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Musk, as the head of the new Department of Government Efficiency (DOGE), has said that he wants to cut 2 trillion dollars from the annual US budget (budget infographic). That is all discretionary spending (e.g. almost every government department - including the military) plus some mandatory spending (i.e. illegal to cut without congress enacting new laws - such as repealing social security benefits). I think a whole lot more than EV tax credits are on the chopping block.
Edit: added hyperlink references
Edit: added hyperlink references
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Most backwards fucking nation on Earth. China will be driving around in clean EVs recharged by the absolutely inane number of wind and solar installations they've been putting in for the last several years while we'll have gas jalopies spitting out toxic emissions and greenhouse gases.
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without the subsidies, how quickly can companies reduce costs to get them on par with ICE vehicles?
Also how does this affect nationwide charger buildouts?
Also how does this affect nationwide charger buildouts?
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I don't get this stance. It would make sense if Tesla were the dominant car manufacturer, and wanted to freeze the market the way it is. But only about 4% of US cars are Teslas right now. Increasing that number significantly requires growing the BEV market as a whole, and eliminating the $7500 tax credit seems damaging to that.
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While I agree with most of this sentiment... China isn't doing EVs to the benefit of the earth, let's put that super clear.
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DOGE is just another smoke screen designed for Sturm Und Drang so the more nefarious actions of the administration will get under the radar. We've seen that the media and the rest human race has a limit as to how much nonsense they can effectively deal with. Having Musk and Ramaswamy run around and take potshots at pretty much everything is going to rile up people without actually accomplishing much.
Watch the hands, not the cards.
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The Chinese and the Korean auto manufactures don't need the subsides. This is only going to hurt US jobs and companies.
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This unfortunately plays into what I saw a lot of leading up to the election. Several people I know said "I'm tired of all these government handouts to everyone else. I don't want my tax dollars to help pay for my neighbor's electric car. His tax dollars didn't help pay for my (diesel) truck!"
This is exactly what they wanted: a reduction in taxes because they've got theirs and they don't want to give it away.
This is exactly what they wanted: a reduction in taxes because they've got theirs and they don't want to give it away.
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Me[Again... it's okay for Musk to get government subsidies, but no one else.
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Elon is happy to undermine the entire US EV industry as long as Tesla can gain an advantage over their competitors.
Tesla says that their mission is to “accelerate the world's transition to sustainable energy”, but that’s clearly not their mission any more.
Tesla says that their mission is to “accelerate the world's transition to sustainable energy”, but that’s clearly not their mission any more.
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Musk has said enough times that he wants the subsidies/tax credits removed. Tesla is the largest automaker, and sells the most EV cars too. It stands to lose the most per se. Or not.
Anyhow, here in Ontario, Canada, we lost Provincial (State) rebate long back, and it has not stopped the EV adoption. Yes, it was slowed but by not much when you look at the market itself.
What's hurting the most I see for EV adoption are:
1) cost overall - At the price point you can get a decent EV in Ontario, it is like choosing between a premium car or an EV. Even a Hyundai Ioniq 5 costs $70K+ on the road, which on paper is a great vehicle but apparently in practice not so great with the battery - enough stories.
this was one of the reason for the Premier to remove the rebate - if you can afford to purchase a premium car then you don't really need rebate, that money can be used in other social services instead. And hopefully, the funds go somewhere useful instead of pockets.
2) insurance - goddamn this was a surprise and it was the major factor for me to consider something else - almost 2x the cost of ICE or plugins that are not considered high risk.
3) Choices - BEVs selection isn't that big that there are enough choices available for consumers to sort of check off enough "wants" boxes to justify the move, especially considering the above 2 points.
Anyhow, all this is going to achieve is slowdown the EV adoption - not great for environment.
Anyhow, here in Ontario, Canada, we lost Provincial (State) rebate long back, and it has not stopped the EV adoption. Yes, it was slowed but by not much when you look at the market itself.
What's hurting the most I see for EV adoption are:
1) cost overall - At the price point you can get a decent EV in Ontario, it is like choosing between a premium car or an EV. Even a Hyundai Ioniq 5 costs $70K+ on the road, which on paper is a great vehicle but apparently in practice not so great with the battery - enough stories.
this was one of the reason for the Premier to remove the rebate - if you can afford to purchase a premium car then you don't really need rebate, that money can be used in other social services instead. And hopefully, the funds go somewhere useful instead of pockets.
2) insurance - goddamn this was a surprise and it was the major factor for me to consider something else - almost 2x the cost of ICE or plugins that are not considered high risk.
3) Choices - BEVs selection isn't that big that there are enough choices available for consumers to sort of check off enough "wants" boxes to justify the move, especially considering the above 2 points.
Anyhow, all this is going to achieve is slowdown the EV adoption - not great for environment.
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So begins the era of oligarchs overtly feeding off the pluck trough in America. May we live in interesting times.
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Oligarchs are actually horrible at running economies. It usually ends in tears. See, Thailand for one good example.
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Musk earning his 50 billion dollar package, I guess, by forgetting that gas-powered cars are the majority of his competition, not just his direct rivals in the EV market.
So Tesla will stay the biggest fish in a shrinking pond. Must be 4D chess.
(Well, actually Musk doesn’t care about sales numbers or profit, just about the stock price to fund his next adventure. And since Tesla has become somewhat of a meme stock, it makes total sense in 2D chess, unless you really want to believe in Musk as a hero.)
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It gets them money/influence and it's also for the benefit of the earth because those things are not in conflict.
I know US politics makes every thing feel super cynical and polarized, but pretty much the rest of the world agrees and cares about climate action and dissent and obfuscation about it is a significantly minority position. At this point I feel like Saudi Arabia cares more about climate action than the incoming administration.
edit: turns out Saudi Arabia does literally have a net-zero goal for the near future and actually has the cash to invest towards it, even given how ridiculous some of the kingdom's vanity projects are.
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"Ending subsidies will hurt other makers more than Tesla!"
"Can we also eliminate tariffs and allow Chinese EVs to compete against Tesla?"
"No"
"Can we also eliminate tariffs and allow Chinese EVs to compete against Tesla?"
"No"
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one of the bullet points from the campaign season that ended up falling into my nihilistic "nothing matters" bucket is the fact that independent analyses showed that Trump's proposals would amount to a tax hike for like 95% of americans and a massive tax cut for the top 5% or so. And yet through the election he got credit for kitchen-table cost of living and economy issues and was percieved as more moderate.
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I'd also like to point out that EVERY SINGLE FEDERAL EMPLOYEE is only about 15% of the budget. So if they start talking about eliminating people instead of programs, you know they're full of shit with those percentages and dollar amounts.
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Tesla is the dominant domestic plug-in EV manufacturer (I think), so they have had years to scale, improve their processes, and reduce costs [edit: while benefiting from sales due partly to the tax credit]. If the tax credit goes away, they'll be able to produce EVs at lower cost than their competitors, which would further entrench their position as the dominant EV manufacturer.
It's literally "fuck you, already got mine"
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So a case of climbing up the ladder and then pulling it up after you so no one else can use it...
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If only they would go after farm subsidies, pentagon spending, etc.
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