Technology

70285 readers

4438 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago

MODERATORS

[email protected]

211

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 18 hours ago

My better half and I were actually discussing exactly this.

I'm shopping for an EV used, and magically, the price is exactly the same for EVs that are eligible for the credit and the ones that aren't.

The dealerships treat the rebate as basically a manufacturer spiff, I pay the same either way.

So yeah, I agree. Pulling all of them at once might cause some market disruption, though, and legacy autos are already not committed to EV transition, so it will worsen an already problematic tendency, I think.