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EV Rebates may be returning soon including Tesla based off current administrations package

Cheburashka

Active Member
Jan 29, 2018
2,229
2,639
Los Gatos, CA
I hope it dies. The tax credit is dumb. All it does is incentivize Tesla and others to charge more. When the credits expired they simply dropped the price and that was that.

On top of that, there is no reason why my taxes should be subsidizing someone's luxury car purchase.

The big difference with China is they actually have low-cost EVs that the public can buy. I'm talking 15K crapbox type cars.
 

teslick2

Member
Sep 1, 2019
34
13
Virgina
While I would love to see this pass, I am guessing this thing will die in the senate. I think it’s impossible to get 60 votes for this.
If it includes additional taxes to offset the costs, then it could pass with a simple majority. But that is still a difficult task given the political environment.
 

N8Howell33

Member
Jan 22, 2018
283
202
Salem, OR
If it includes additional taxes to offset the costs, then it could pass with a simple majority. But that is still a difficult task given the political environment.
Yeah reconciliation process like the stimulus. They would have to offset it with increasing taxes etc and this particular proposal is in the 3-4 Trillion range I think. I am hoping it passes, I just think the odds are super low.
 

teslick2

Member
Sep 1, 2019
34
13
Virgina
The big difference with China is they actually have low-cost EVs that the public can buy. I'm talking 15K crapbox type cars.
The typical American has different driving requirements and wants. For example, most Americans drive longer distances and want large vehicles, which is difficult given current battery tech and costs.

For my needs, a small cheap EV would be great, but I'm not the norm.
 

Cheburashka

Active Member
Jan 29, 2018
2,229
2,639
Los Gatos, CA
The typical American has different driving requirements and wants. For example, most Americans drive longer distances and want large vehicles, which is difficult given current battery tech and costs.

For my needs, a small cheap EV would be great, but I'm not the norm.

Really? Doesn't the "typical" american drive something like 30 miles a day? And also larger vehicles and luxobarges like the Model S aren't the same thing. Most Americans do not drive luxury cars.
 
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Uncle Paul

Well-Known Member
Nov 1, 2013
6,256
6,778
Canyon Lake,CA
Believe this incentive is designed to reduce the onslaught of hoards of inexpensive Chinese made EVs. Desire is to provide seed money to produce EVs and EV parts within the USA, instead of just importing the cheaper Chinese offerings.

Auto producers have seen how the Chinese have taken over and dominated the US eBike market. US manufacturers never had a chance.
 
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Cheburashka

Active Member
Jan 29, 2018
2,229
2,639
Los Gatos, CA
Believe this incentive is designed to reduce the onslaught of hoards of inexpensive Chinese made EVs. Desire is to provide seed money to produce EVs and EV parts within the USA, instead of just importing the cheaper Chinese offerings.

Auto producers have seen how the Chinese have taken over and dominated the US eBike market. US manufacturers never had a chance.

The article linked states it will help Tesla and GM. Just another corporate giveaway from the taxpayers to the rich megacorps.
 
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coupedncal

Member
May 25, 2015
59
26
NCal
The subsidy it seem is primarily going to help the manufacturers and that is perfectly ok for the government to do. We the consumers are not going to materially benefit from it as the manufacturers who had exhausted their tax rebate will raise the prices (Tesla and GM). The companies who did not use up their tax credits will continue to sell as is and the GM and Tesla will raise prices and increase their margins. If anything, this should motivate us to load up on Tesla and GM stocks. And stocks of general battery companies.😁😁😁
 
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ucmndd

Well-Known Member
Mar 10, 2016
6,413
11,962
California
The article linked states it will help Tesla and GM. Just another corporate giveaway from the taxpayers to the rich megacorps.
If we can piss away trillions to the same billionaires and megacorps via wealth redistribution in the form of tax breaks, I don't see why we can't do the same in the name of at least incentivizing them do something globally beneficial in the process.

Given the choice, I'll take the latter. Since we seem to be incapable of choosing, I'll accept both instead of only the former.
 
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Str8down

Member
Jan 28, 2021
82
111
Jax beach
I'm not on one side of the fence or the other (though I'll gladly take some money if they deem it), but keep in mind, just because we can afford a 100k car doesn't mean we shouldn't get the incentive. There are 100k ICE cars that are far nicer frankly, than a Tesla. The incentive is to lure me into buying a car that isn't nearly as nice and introduces issues that I have to deal with (range/charging stations etc) to go green, when I could choose a much nicer ICE car for the money.

Not saying I agree with the green act or the subsidy, but don't mistake it as "You can afford a 100k car, you shouldn't get a subsidy"
 
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AMPd

Active Member
Nov 27, 2012
4,359
3,482
Northern California
I'm not on one side of the fence or the other (though I'll gladly take some money if they deem it), but keep in mind, just because we can afford a 100k car doesn't mean we shouldn't get the incentive. There are 100k ICE cars that are far nicer frankly, than a Tesla. The incentive is to lure me into buying a car that isn't nearly as nice and introduces issues that I have to deal with (range/charging stations etc) to go green, when I could choose a much nicer ICE car for the money.

Not saying I agree with the green act or the subsidy, but don't mistake it as "You can afford a 100k car, you shouldn't get a subsidy"
You wouldn’t get the subsidy though, I mean technically yes you will but Tesla will increase the price by the tax credit amount so the cost of the car remains the same to you. The only one benefiting from this is the auto manufacturer.
 
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AvengerBB

Member
Aug 15, 2016
133
78
Cincinnati, OH
You wouldn’t get the subsidy though, I mean technically yes you will but Tesla will increase the price by the tax credit amount so the cost of the car remains the same to you. The only one benefiting from this is the auto manufacturer.
I'm not sure they would, they didn't reduce the price the full credit that went away, it was only partial. Plus it'd be a bad look. Maybe a couple thousand or they will delay or eliminate a planned decrease. Assuming it will have no benefit to consumers is a stretch.
 

AMPd

Active Member
Nov 27, 2012
4,359
3,482
Northern California
I'm not sure they would, they didn't reduce the price the full credit that went away, it was only partial. Plus it'd be a bad look. Maybe a couple thousand or they will delay or eliminate a planned decrease. Assuming it will have no benefit to consumers is a stretch.
They reduced the price by way more than the credit. It wasn’t all at once but the car got a whole lot cheaper than it used to be.
I’m not sure why it’s a stretch considering that’s how it went down the last time, if anything it’s a stretch to assume Tesla will not increase the price.
 

No2DinosaurFuel

Active Member
Apr 16, 2015
1,384
716
San Diego, California
Yup. Hence why the political pendulum will probably shift to the republican next round. I think if the democrats really want to encourage EVs AND help the poor as they market in their message, then they need to restrict the credits only to the low cost EVs. This forces manufactures innovate and lower their prices to get the credits and help the poor like the democrats are professing. Otherwise people will see this as a corporate giveaway to the rich corporation and the next election they will just pay for it politically. Apparently Tesla doesn't need the credit. They will be forever profitable according to Elon. And they already have the Chinese to keep them profitable. Hence they don't need the credit. Don't get me wrong, the republican are equally bad at making policies. Most are only interested in filling their pocket books with money.

I wouldn't be surprised most of those people and their family/friends in captiol hill are buying up TSLA and other EV stocks in anticipation of passing this bill. But you know what they will do when it gets close to either passing or not? They will probably sell their shares.
 
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DBV1

Member
May 11, 2020
185
88
Amherst, OH
I hope it dies. The tax credit is dumb. All it does is incentivize Tesla and others to charge more. When the credits expired they simply dropped the price and that was that.

On top of that, there is no reason why my taxes should be subsidizing someone's luxury car purchase.

The big difference with China is they actually have low-cost EVs that the public can buy. I'm talking 15K crapbox type cars.

Totally hope it dies too. So stupid, so people that can afford a Tesla or other priced similar EV car need a tax credit. Dumb, creates fakes sales. Agree is a luxury card purchase and government should not be providing incentives. Let the competition do that.

Just more ways to bankrupt are Country that just spends and spends everyone’s money. Sad - how individuals have to watch their money, but the government does not.
 

ucmndd

Well-Known Member
Mar 10, 2016
6,413
11,962
California
Totally hope it dies too. So stupid, so people that can afford a Tesla or other priced similar EV car need a tax credit. Dumb, creates fakes sales. Agree is a luxury card purchase and government should not be providing incentives. Let the competition do that.
The problem with competition and the "free market" as it exists right now is it does not account for environmental impacts. In fact, it deeply incentivizes grossly unsustainable levels of pollution.

Incentivizing the transition to sustainable (and supply-secure) energy consumption in the name of national security would seem to be well within the realm of proper government function to me.

I do agree there are probably more equitable ways to do it than large cash incentives on very expensive cars. 10 years ago a $7,500 tax credit on a $100k car might have been defensible to incentivize the development and scaling of the technology. In 2021, maybe not so much.
 

Uncle Paul

Well-Known Member
Nov 1, 2013
6,256
6,778
Canyon Lake,CA
These tax credits are not designed to "help out" either rich or poor people. They are designed to incentivize car shoppers to purchase an EV over ICE. Getting rid of polluting gas/diesel burners is the intent.
 
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r1200gs4ok

Active Member
Jul 17, 2019
1,359
456
Irvine
well I dont know what is going on with tax credits and the sort....my neighbor just bought a Lincoln Aviator (~$90k)....on his taxes, he claimed through TurboTax is got a $8k credit.....I bought my Model S in Jan 2020......wonder what I will see
 

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