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As it should be. It was designed to be a short-term stimulus to spur the industry. By most measures, the industry has been spurred and we should let good old fashioned economic forces take hold. EVs can compete, and win, Tesla has shown us that by now.
Agreed. At this point it looks like good old competition will spur growth for EV's The Bush administration $7500 tax credit has done its job.As it should be. It was designed to be a short-term stimulus to spur the industry. By most measures, the industry has been spurred and we should let good old fashioned economic forces take hold. EVs can compete, and win, Tesla has shown us that by now.
I think everyone will just let it run it's course and end on it's own. The EV market is here to stay so the tax credit system is going to have little effect it the future.The $7500 tax credits needs to end and let capitalism and competition take the reins. Sure I love getting money off my car but this was a temporary measure aimed at kick-starting the industry. Thanks to that and Tesla , most automakers have an EV or are planning one.
That's my guess as well.I think everyone will just let it run it's course and end on it's own.
Indeed they did,Remember Tesla survived the great recession.
So we all knew Obama was a great supporter of the EVs and the overall health other climate...but now that Trump as won the Presidency - and the Republicans pretty much control the congress -- what does that mean for the 7500 federal tax credit?
As per my knowledge - Trump does not believe in global warming...i mean the best thing Tesla has for it - is MADE IN USA...
Thoughts? Concerns?
What did the existing President do except allow cheap foreign oil imports to climb in exchange for financial perks and harm the "green" domestic car market? Not words, not actions of previous administrations, not actions of Congress, the Executive Branch itself.
Talking "green" is a great way to win support in California and New York. Doing "green" means cutting off your own perks from foreign friends.
As it should be. It was designed to be a short-term stimulus to spur the industry. By most measures, the industry has been spurred and we should let good old fashioned economic forces take hold. EVs can compete, and win, Tesla has shown us that by now.
And how exactly did the current President "allow" this? This kind of revisionist history flies in the face of Elon's support and admiration for Obama.What did the existing President do except allow cheap foreign oil imports to climb in exchange for financial perks and harm the "green" domestic car market? Not words, not actions of previous administrations, not actions of Congress, the Executive Branch itself.
Talking "green" is a great way to win support in California and New York. Doing "green" means cutting off your own perks from foreign friends.
I expect it will start to phase out anyway over the next year or so as they reach the 200,000 vehicles manufactured number. (As of their 2015 annual report, they delivered over 107,000 vehicles through Dec 31, 2015, and (at least at that point) expected to deliver 80-90k vehicles in 2016 (and I think they are ahead of schedule), so they will probably reach the 200k mark early in 2017 (or even possibly late 2016). Which means, unless I am mis-reading the tax credit rules, the tax credit will drop to 3,750, for the next two quarters, then to 1,875 for the following two quarters, then go away altogether.....
Obama's government blocked arctic drilling, set of rules for gas and oil after BP spill, rejected Keystone XL, and pushed for cleaner coal. That's just a few things...
And how exactly did the current President "allow" this? This kind of revisionist history flies in the face of Elon's support and admiration for Obama.