We’re doing CoTD again? What a throwback.
We’re doing CoTD again? What a throwback.
Except that all those American car and battery factories are now being built. So long term win.
You’re not wrong on the politics. But I think the era of cheap labor is ending if it isn’t already over, and I’m not sure the Chinese government has a plan for that beyond “subcontracting to the Vietnamese.”
Probably the most wild thing to me in Project 2025 is that the right wing goon squad wants to pump more oil and gas because LIB TEARS.
Thanks for the QOTD! Good on you for naming Joe Manchin. That guy single-handedly poisoned the whole EV credit. Not only are fewer and fewer cars eligible, the higher price $80k limit for trucks is an encouragement for EV trucks (and expensive luxo trucks at that) over EV cars. This is totally the wrong direction to…
Yeah, because that's pretty much the only people who can afford them
We are just getting started on rebuilding our industrial capabilities. China and Korea are about to have a worker-shortage like we’ve never seen. We are going to have to be able to make things locally instead of using Chinese slave-labor to pay for the things that we’re cheap about. To push this development, the…
I just did my taxes and didn’t see the part where I state that I didn’t buy an EV this year and therefore have another tax added on top of my other taxes.
Meanwhile we have Republicans telling us the country’s infrastructure can’t support everyone moving to EVs. At the same time they reject any attempts to spend money on electrical or EV infrastructure as “unnecessary” because people don’t want EVs...
1) It wasn’t one politician as it passed both the Senate and the House of Representatives. We don’t have a dictatorship.
Lexus RX. Every boomer coming out of a CR-V looking to “finally splurge a bit” is buying them, my parents included.
I’ve still yet to see any new Corvette without a senior citizen behind the wheel.
Around these parts it’s mostly Buick SUVs (Enclave, Encore) and the near-ubiquitious Camry for current models. For older models, Lexus sedans from 2006 to around 2012.
dont forget cheese. we subsidize the shit out of the dairy industry. so much so that we have to have a fucking strategic 3 million+ sqft cheese cave to store it all.
Around here (Central Alberta) it’s a $110,000 F-350 King Ranch. All the old guys now have huge trailers and still think they need to support the oil patch. They’re a menace.
The original tax credit was to essentially make EVs cheaper while automakers scaled up production and brought production costs down to jumpstart the EV market. The the IRA pull the rug out from under them just as they were getting started in earnest. All in the name of saving maybe some jobs related to battery…
Taxpayer money is used for individual benefit all the time, for a wide variety of reasons, and tax incentives are used all the time to encourage movement in directions the government would like to encourage, and have been for a very long time. Nothing new or unique about the EV credit.
Sooooo..... you got yours and fuck everyone else? Very boomer of you.
The goal of this legislation was to bring battery production to the US, not necessarily to make cars cheaper. If making cars cheaper was the sole goal we would have reduced the barriers to entry, not made them harder. This was more about protecting jobs and fighting a geo-political struggle with China than making…
Yeah and we shouldn’t subsidize oil, corn, eggs, etc. etc.