Biden wants to expand government subsidy of 10k for EV buyers. This is welfare for people buying 40,000 dollar auto's and higher. How will people who cant afford a Tesla be rewarded? Taxing us by the mile since EV's don't pay gas tax. Musk is the richest man in the world and a large chunk of Tesla's earning come from cap and trade style credits. That it sells to companies like Ford and GM so they can meet the fleet MPH. Tesla also earns cash from rebates both federal and state. Welfare is a complex issue, people make mistakes and need help. Corporate welfare rewards the richest people with our tax dollars and debt. It is time we fight this war.
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Gee wonder why Elon was valued as the richest man in the world? Almost like these market experts know something we don't know!
Ford said they plan to phase out the combustion engine by 2030.
Also they plan to phase out vehicle ownership entirely. The progressives believe in a world where you don't own anything. Technology solves everything..
You will just summons a self driving car and use it to get to your destination...
They plan on everything as a service... ( To save to world obviously ) not to consolidate power to a handful of companies and people. they would never do that!
Chevy said that. I’ve never heard of ford announcing that and I’m on ford forums all day long. But I’ll be happy to be proven wrong. Ford just came out with the 7.3L “Godzilla” engine. They wouldn’t do that if they plan to remove combustion engines in 9 years.
This is the same way the government has been destroying the energy industry. Only difference is that car manufactures have the option to manufacture EV's
It's a another link to the war on terror/coal/oil/white males etc
As someone with a lot of Tesla stock as a long term investment, I 100% agree with this.
They should get rid of subsidies but the mileage tax is more affecting the ev drivers who don’t need gas than the gas tax
There isn’t a mileage tax. Butgag has already walked that back because it was so retarded.
What this says is that a lot of people would like to go electric if the price is right, but it takes away any incentive to make the cars cheaper. That 10K would be better spent researching ways to make the car cheaper and able to fill more niches. In the not-so long term that would pay the most dividends.
You might argue that competition would drive the price down even with the 10K, but if they make them affordable, they will lose the handout. They are smart enough never to do that.
EVs are not any more environmentally friendly due to the destructive mining involved. Worse yet China controls the majority of rare Earth metals locally and in their new African colonies. This is yet another underhanded CCP move to make us subservient.
The subsidies are a behavioral modifier. They create the incentive to both buy and sell EVs when economic conditions wouldn’t otherwise lead to that naturally.
The problem is that the Feds want more EVs on the road to combat pollution, but EVs are still too expensive to facilitate their widespread adoption. So the Feds invest money in that sector until the economics catch up.
I’m sure the first supercomputer labs at universities seemed like a huge waste too, since like .05% of the population ever got to use them. But fifty years later we all carry computers more powerful than those in our pockets.
Every investment seems like a waste until it pays off.
Electric vehicles are worse when it comes to pollution than modern efficient combustion engines. There's a lot of efficiency loss when going from power plant to wall to car versus going from fuel to tanker to rig/train to gas station to car. There's still plenty of breakthroughs that need to happen in energy generation, transmission, and storage before the EV concept is less polluting than the standard gasoline process. Of course, nuclear power is generally pretty decent, too bad the left has a hate boner for destroying that form of power generation.
It is not the federal government’s role to invest my tax dollars in private products. If a product is valuable people will buy it.