this post was submitted on 23 May 2025
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210
EV Tax Credit Ending Dec. 31, Effectively Increasing Prices Up to 28% in USA. See How Popular EVs are Impacted. (fuelarc.com)
submitted 1 day ago by [email protected] to c/[email protected]
32 comments fedilink hide all child comments
 

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.

It's hard to imagine any way this doesn't throw a huge wrench into the adoption of sustainable car technology for the USA.

Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.

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[–] [email protected] 34 points 1 day ago (2 children)

Unless one's goal is weakening the US in the world, in which case more chaos, and destruction works great.

[–] [email protected] 15 points 1 day ago (1 children)

It is honestly hard to see what the strategy is. It's tough when you squint at the administration and wonder how an adversary-backed Manchurian Candidate type might do things differently, and you come up mostly dry.

[–] [email protected] 21 points 1 day ago* (last edited 1 day ago)

honestly hard to see what the strategy is

Not when you finally realize there exists no strategy apart from transferring as much wealth as possible from the plebes to the Robber Barons...

Everything MAGAts do is either in furtherance of that goal, or a distraction from that goal.

In this case, it's for the benefit of fossil fuel related Robber Barons. 🤷‍♂️ 🤦‍♀️

[–] [email protected] 1 points 1 day ago

The goal is to protect the oil industry.