Trump team puts EV tax credit on the block, Tesla is on board: Report
- Thread starter JournalBot
- Start date
Because he's playing that 243-D Chess he always plays. He thinks his competition will die from not getting the 7K tax credit. But the other piece on the chessboard is the EPA. Remember those Tax credit he for offsets he sells. Guess what's next on the block. I'm sure Ford and General Motors will be happy to not need to buy those anymore.
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Everyone who voted in this election voted for genocide of the Palestinian people.
People who voted for Harris voted for a passive/indifferent, slow-moving genocide. People who voted for Trump voted for an active/deliberate, fast-moving genocide.
People who voted for Trump voted for the destruction of the Palestinian territories and the creation of "Greater Israel".
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Whenever he has been asked about Palestine, Trump had said over and over that he hates how Biden was holding Israel back from “finishing the job”.
I guess in a few months we will learn exactly what “the job” entails.
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I'm actually conflicted on this one, mostly because the SLS is the biggest hunk of shit program I can remember. Congress set NASA back decades with this piece of shit. They all just openly used it as a way to put jobs in their districts. Trying to make something good and efficient was the last thing on the planet any of them were concerned with.
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Citizenkain
Ars Scholae Palatinae
Sounds like you are just a bigot. You gladly threw others under the bus so you could pretend to care about people in Gaza. You'll get your wish though, a lot of people will suffer, but you can stand there and pretend you had nothing to do with it and feel morally superior.
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After all, legislation by our government should be crafted with the intent of inflicting damage.
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What total fucking morons. Congrats on the self-goal.
https://www.theguardian.com/us-news/2024/mar/19/jared-kushner-gaza-waterfront-property-israel-negev
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I'm just wondering how long it will take before Trump and Musk have a falling out. Two of the biggest egos on the planet....this is going to be a great show.
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They don't want to cut funding. They want to privatize it. Much easier to steal it that way.
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I was thinking the same thing. So how will this work? If you get a solar installation in 2025 can you still take the tax credit? Or will it have to be installed before they repeal the law? I thought it took some time for this stuff to go into effect?
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Note that just compliance with the convoluted 2022 IRA component and mineral sourcing requirements is extremely difficult. That's because the supply chains are extremely complex, and the law is just poorly written. I bet most EV makers would breathe a sigh of relief when the IRA consumer tax credits get rescinded, as their complexity to try to adhere to the increasingly difficult thresholds gets removed.
Remember, this is a gift from Manchin and Biden to Toyota and the UAW. Biden wanted to help the UAW which has been against BEVs. So the IRA is structured to look like it helps, but actually doesn't help much. Right away, in 2022 when it was enacted, a majority of all BEV models on the market lost the tax credit. It took a while for some of them to get their supply chains sorted to get tax credits in 2023 or 2024. But even then, very few qualify.
You can see the list here:
https://fueleconomy.gov/feg/tax2023.shtml
One Acura and Honda (basically a GM derivative), one Audi Q5 PHEV, Nissan Leaf, a slew of Tesla's, and the VW ID.4. There are a slew of Rivians on the list, but with the $80,000 cap, many actually do not qualify. There are two Jeep PHEV models on the list. The rest are GM or Ford.
The list in 2022 or 2023 was much smaller.
And this is by design. Biden pushed as much as he could for this to be a UAW act. And they just couldn't exclude Tesla and Rivian from the requirements, but it took quite a bit for Rivian to be able to get some models to qualify. I think it was an oversight that the Section 30D commercial purchases/leases got excluded from the sourcing requirements.
Ironically, while Manchin was pushing PHEVs for Toyota, even as of now, no Toyota's qualify.
Remember, this is a gift from Manchin and Biden to Toyota and the UAW. Biden wanted to help the UAW which has been against BEVs. So the IRA is structured to look like it helps, but actually doesn't help much. Right away, in 2022 when it was enacted, a majority of all BEV models on the market lost the tax credit. It took a while for some of them to get their supply chains sorted to get tax credits in 2023 or 2024. But even then, very few qualify.
You can see the list here:
https://fueleconomy.gov/feg/tax2023.shtml
One Acura and Honda (basically a GM derivative), one Audi Q5 PHEV, Nissan Leaf, a slew of Tesla's, and the VW ID.4. There are a slew of Rivians on the list, but with the $80,000 cap, many actually do not qualify. There are two Jeep PHEV models on the list. The rest are GM or Ford.
The list in 2022 or 2023 was much smaller.
And this is by design. Biden pushed as much as he could for this to be a UAW act. And they just couldn't exclude Tesla and Rivian from the requirements, but it took quite a bit for Rivian to be able to get some models to qualify. I think it was an oversight that the Section 30D commercial purchases/leases got excluded from the sourcing requirements.
Ironically, while Manchin was pushing PHEVs for Toyota, even as of now, no Toyota's qualify.
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Not only that, but that Equinox EV starts at $35k... before incentives. That's ~$5k less than an entry level Tesla right now.
Tesla doesn't make the cheapest practical EV's anymore. Others are successfully gunning for their position. Besides Kia/Hyundai as you mentioned, VW is betting the company on the EV transition, and the Equinox EV I mentioned is a GM product. Ford can't seem to figure out how to make EV's affordably, but they keep pouring money into it, as do a range of other manufacturers. I'm sure at least a couple of them will figure it out. And that's ignoring the elephant in the room: BYD is consistently outselling Tesla. Even if they're not available in the US, we aren't the world's largest automotive market, and scale matters for cost efficiency.
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First, the margin is close enough that literally anything could have clearly cost Harris that state.
Second, Dearborn MI shifted like +90 towards a candidate (not just staying home, but literally vote shifting) who did all the things I said in my pop quiz and only promises more. You can argue about it whatever you want, but at the end of the day I'm telling you materialist theories of change are dead. You and whatever else can say you did right or whatever by Gaza, but the actual end result is that the guy who has a proven bad track record and promises worse is the guy who won. No dem strategist is looking at the results and going "well, better chase these unreliable voters who did the opposite of a rational vote." Dearborn was one tiny notable fraction of a generalized and massive shift right (R+4 just in MI), especially amongst voters whose preferred solutions is probably just to give everything to Israel straight up, since the extent to which they've thought about it is "hey WW2 was bad for jews and we were the good guys in WW2 and we helped the jews, so we should do it now too. and wasn't 9/11 caused by arabs?"
Third, Harris lost literally all battleground states, not just MI.
it actually is, you dolt. i judge moral decisions by their outcomes, not how they feel to you when you do it, and the net effect is that any vote not Harris was a vote for worse because not only do we have a two-party system nationally but also even amongst the small parties the green candidate literally and verbally explicitly was running to help Trump win. i'm sure you have whatever rationalizations that helps you sleep better at night and that you did good for the folks in the middle east. I bet they're so happy that Netanyahu and Israel got their preferred candidate.
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Don't forget protecting the fossil fuel industry and their subsidies. This is likely what it's all about.Again... it's okay for Musk to get government subsidies, but no one else.
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You define the the winner as the country with the largest manufacture? That seems a bit odd to me.
Wouldn't you rather have 5 companies making EV's versus just one large EV maker?
The largest also doesn't mean the best EV maker.
The best also depends on what you're looking for. My next EV is likely going to be a long range hybrid. Something like the upcoming Scout offers.
With that being said we already know that China has the chance to completely upend domestic low cost EV production and why both political parties believe in taxing the crap out of them.
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Nah, this time he's got hindsight and fewer "doing the job despite my crazy boss's worst impulses" people in the way. It's all true believers and sycophants who don't care how illegal or unethical their corrupt marching orders are. We're not going to get many conscientious objectors or boss-managers this time around.
Same. I started a religious bookmarking habit of political news in 2015 and thought I'd be able to let up once Trump was finally out of office. Sadly that hasn't been the case. Obsessively squirreling away information on how fucked we are has become my new normal.
Biden has held up Israel in Gaza and demanded concessions on humanitarian aid, while imposing sanctions on some illegal settlers in the West Bank. Trump is likely to encourage Bibi to just annex Gaza AND the West Bank then buy up the blood-property for golf resorts.
When you have a cargo truck, you don't get a sleek and lean motorcycle by taking an angle grinder to it.
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Fossil fuel subsidies enter the room: https://www.imf.org/en/Topics/climate-change/energy-subsidies
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GM loses money on a contribution margin basis on their EVs. At least Ford is transparent on their massive losses.
You can price a product wherever if you don't care to actually make any money on it. And it works for GM to some degree because of the regulatory credits - to support selling gas guzzlers, they need to sell some BEVs to counterbalance the CAFE GHG fleet requirements.
Before this year, GM was selling the Bolt that was priced far lower too. And the Nissan Leaf has been at a much lower price point.
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I guess you should be good if you do an install next year because next year's tax rules are already set, right? Of course betting on Trump and any of his cronies to honor their side of a deal (that they technically didn't make but are legally responsible for), when they're also the ones literally holding the nukes (not literally going to nuke me, but it's an imbalance of power), is not a $10k bet I really want to make.
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It's also important to point out the incumbent has lost almost every major election in the world.
https://www.vox.com/2024-elections/383208/donald-trump-victory-kamala-harris-global-trend-incumbents
It wasn't just something that happened in the US.
People were mad about inflation and about the current events in the world and took it out on people in charge. They ignored the fact that most of the events were out of the control of those in currently in charge.
Trump likes to claim he could have prevented Russia from invading Ukraine but I doubt it.
Massive Inflation was a given with all the money being poured into the economy due to Covid.
I personally still won't forgive the American people for voting for a Felon. I can totally get behind the idea of splitting the vote, but don't elect a felon.
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This is laughable. It completely ignores that this has been going on in industrialized America for over a century from all sides of the political spectrum. The repeal of the Glass Steagall Act which directly led to the American tax payer paying off the deliberately manipulated debt of Arm A loans is a recent example of when the Oligarchs got what they wanted. This is hardly new or unique to Trump.
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It's not possible for a crime to be the "objectively worst", the very nature of it is subjective.
Anyway I'd say indiscriminate mass murder is actually worse than genocide. You can conceptually plan for/defend against genocide if you know what the targeting is based on, but there's not much you can do to protect against someone who decides they just want to rack up 10,000,000 skulls.
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Of course he is, because he got the ones he needed to survive and flourish, and wants to do what he can to protect against competition. Typical ladder-pull.
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It's important to point out that as Tesla has refreshed their vehicles over the last couple of years (Model 3 last year) he replaced US built components with Chinese ones (batteries in some cases - why the 3 lost the tax credit for some models). The Model Y refresh is coming up. Getting rid of the tax credit would indeed benefit Tesla in this respect, their extra Chinese made content is costing DogeMaster $$$ currently.
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My only question is will the shirt say "Elon didn't kill himself" or "Musk didn't kill himself"?
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Elon isn’t too upset about the loss of the tax credit because Tesla will be the sole source provider of cars to the federal government fourth reich.
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starts typing a response
remembers past warnings and enforced vacations from ars comments
posts this instead
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The definition of going backwards. Taking away insentives and adding tariffs to it will just drive money to Elon by decreasing competition. The swamp has become a golf course.
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Hard to imagine? How droll. Or stupefyingly naive, I really can't tell.
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