Electric Car Tax Credit
Bill Will Cost $16 Billion, Critics Say
Bloomberg,
by
Ari Natter
Original Article
Posted By: tisHimself,
5/19/2019 5:04:23 AM
An extension of a consumer tax credit for electric vehicle purchases sought by a bipartisan contingent of lawmakers could cost as much as $15.7 billion, according to an analysis prepared by opponents of the effort.
The analysis of legislation by Senator Debbie Stabenow, a Michigan Democrat, to grant automakers a $7,000 tax credit for an additional 400,000 vehicles was commissioned by American Fuel & Petrochemical Manufacturers, a Washington trade group.
Reply 1 - Posted by:
udanja99 5/19/2019 7:07:39 AM (No. 67114)
Great. So we should shell out $16 billion for what is essentially a coal powered car but we can’t shell out $6 billion to build a wall? One is to fix a hoax that doesn’t even exist and the other is to fix a crisis that does exist.
14 people like this.
Reply 2 - Posted by:
franq 5/19/2019 7:56:48 AM (No. 67128)
NO. NO. NO. I don't get a tax credit for anything I do, nor should I. Slash government to the size it needs to be, get its nose out of areas it has no business in, and everyone's taxes will decrease.
5 people like this.
Reply 3 - Posted by:
Nimby 5/19/2019 8:20:03 AM (No. 67136)
How many cars on the road are electric compared to gas?
0 people like this.
Reply 4 - Posted by:
frew 5/19/2019 8:34:01 AM (No. 67145)
Electric cars cause the emission of as much carbon dioxide as similar sized conventional cars. It's just that power plants that do the emitting for them. E cars are cool and fun to drive in their own right, but people should have a clear idea of what is being gained for the disadvantages, such as much longer refueling times, that they put up with.
Of course, if we go with nuclear power then E cars really will be emission free. And no, renewables are not ready to take over and probably never will be.
States are set to start charging a fee for electric cars in lieu of gas tax revenues, so what they gain in tax credits the states will take in fees.
3 people like this.
Reply 5 - Posted by:
otaval 5/19/2019 8:42:50 AM (No. 67150)
these cars do not pay gas tax (road use tax) free roads & bridges repairs BOTH state and federal,and only the rich can afford these cars. A wonderful liberal giveaway to the wealthy
5 people like this.
Reply 6 - Posted by:
Wendybird 5/19/2019 9:09:00 AM (No. 67163)
Anyone can see the good things about electric cars. Quiet, fast, and no visible exhaust. But this is magical thinking, something for nothing. Expensive materials used to make the batteries, something burned somewhere to make electricity to charge them, even if it is also subsidized solar, or wind. Geothermal might be best, if we get to that point. However, something burnable, coal, gas, are always the fallback, although they are dirty words to those profiting from the free power myth. Or unable to see the whole picture.
2 people like this.
Reply 7 - Posted by:
ROLFNader 5/19/2019 9:24:01 AM (No. 67168)
This joke with be over as soon as Elon Muskrat goes bankrupt- which will be in the near future. A fraud perpetrated by someone who wouldn't have been heard of but for the gubmint teat.
5 people like this.
Reply 8 - Posted by:
coyote 5/19/2019 10:26:50 AM (No. 67199)
Well of course, the electrics need that credit to offset the $3500 premium you pay for the electric over a similar sized gas powered car. Don't forget the battery replacement after 90K - 110K miles, and other $3K - $4K gone.
2 people like this.
Reply 9 - Posted by:
Strike3 5/19/2019 10:29:23 AM (No. 67201)
A $7K credit on a $45K car is not such a good deal but many people can't do math these days. You could give me one of those childish pipe dreams for free and I would still drive my Honda Civic. The technology is premature and even when it is viable, will not accomodate most drivers. Until electric lines are embedded in all roads or electricity can be supplied wirelessly, electric cars will have that major weakness known as a battery. Doorknob Hussein did his level best to force them on us and he failed but his failure cost us billions. The next attempt will also be met with resistance so give it up.
3 people like this.
Reply 10 - Posted by:
DVC 5/19/2019 10:59:38 AM (No. 67215)
Electric cars will never be economically viable and will never have the range of gasoline or diesel car, or the quick refueling capability.
Electric cars can only meet the needs of a limited subset - or they are intentionally being pushed as another limit on our freedom of travel without the government disarming and searching us.
11 people like this.
Reply 11 - Posted by:
red1066 5/19/2019 1:19:39 PM (No. 67278)
If electric cars are so wonderful, why do they need a tax credit for people to by them? Until electric cars can travel 400+ miles between charges. Can recharge in about a minute or so, and charging stations are as available as gas stations. All electric vehicles will be only good in urban areas where distance and charging stations aren't an issue. They're getting better at the distance they can travel, but I suspect most people have a nagging feeling about finding a charging outlet when they go out.
4 people like this.
Reply 12 - Posted by:
john56 5/19/2019 4:50:04 PM (No. 67338)
Half of which probably ends up in Elon Musk"s pocket.
1 person likes this.
Reply 13 - Posted by:
DVC 5/19/2019 5:42:16 PM (No. 67356)
Actually, #13, it appears that Musk has lost money on every single one of his "cars of the future", even with subsidies, directly and indirectly.
The electric car is a bad joke. It has been commercially available off and on for well over a century. They are an absolute technological and economic dead end.
2 people like this.
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