White House seeks to end subsidies for electric cars, renewables

Discussion in 'Prime Main Forum (2017-Current)' started by Roy2001, Dec 5, 2018.

  1. Roy2001

    Roy2001 Active Member

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    #1 Roy2001, Dec 5, 2018
    Last edited: Dec 5, 2018
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  2. schja01

    schja01 One of very few in Chicagoland

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    The majors will hit the caps before that.
    Non-event.
     
  3. Mendel Leisk

    Mendel Leisk 'Orrible Oracle

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    Why would killing electric car subsidies kill plug-ins and benefit Tesla? Tesla's are pure-electric, yes?

    I'm thinking the opposite, but maybe I'm missing something.
     
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  4. Zythryn

    Zythryn Senior Member

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    A. This won't happen. Trump can't do this with his signature. Congress could, but it seems more likely they would expand the rebates, not end them.

    B. Tesla has already hit their 200,000 number. Actually, by the end of the year I believe they will be well over 300,000. The rebates for Tesla will be completely gone by the end of 2019. I don't know that any change to the rebate would have any affect before the end of 2019. The advantage to Tesla would be that other manufactures have to compete without a $7500/unit price advantage.
     
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  5. Georgina Rudkus

    Georgina Rudkus Senior Member

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    My friend's brother worked as a National Bank Examiner in Washington, DC years, ago. He said that "Kudzu" would often arrive at work drunk. He never considered him to be a good economist.
     
  6. bisco

    bisco cookie crumbler

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    greenspan? berbanki?
     
  7. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Greenspan was caught up in his own celebrity and public hype. Bernanki actually saved the economy from a depression. The last 10 years, however, was not kind to seniors, who depended mostly on fixed interest income.
     
  8. bisco

    bisco cookie crumbler

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    you're typing to one. tripling my income next year from 1% cd's to 3
     
  9. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Yup! Myself, and a few others did not participate in the recession. We used it as an opportunity.
     
  10. triggerhappy007

    triggerhappy007 Active Member

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    Remember Teslas are plug ins too. All plug ins benefit from the $2500-$7500 tax credit. It makes them more competitive to replace ICE only vehicles. If the tax credit completely goes away, there will be less plug ins manufactured and sold yearly. When the manufacturing cost of plug ins is less than or equal ICE vehicles is when plug ins can be sold without a tax credit. But that point is not here yet except for Tesla because they're like Apple, people will pay more for the brand, it's synonymous with speed and luxury. I do think a small percentage will buy other EVs over the $35,000 Tesla Model 3 if they can get a $7500 credit in 2019.
     
  11. fuzzy1

    fuzzy1 Senior Member

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  12. padroo

    padroo Senior Member

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    My local credit union has 22 month CD's at a little over 3%. I am going tomorrow with my wheel barrel.
     
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  13. padroo

    padroo Senior Member

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    I don't have to agree with Trump but it is time these cars start living in the real world.
     
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  14. frodoz737

    frodoz737 Top Wrench

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    Especially when the Manufacturers waste so much time and money on vehicles like the Cruze.
     
  15. Georgina Rudkus

    Georgina Rudkus Senior Member

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    The problem with subsidies and rebates is how dealers and manufacturers take advantage of them. They raise the real price of the goods to cover and profit from the rebate.

    The market reduces the resale value of the car to reflect the price paid after the rebate.
     
  16. fuzzy1

    fuzzy1 Senior Member

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    So you mean that the real factory cost of a Prime is less than that of the non-Prime?

    At least the plug-in subsidies, like the hybrid subsidies before them, will expire in a somewhat short timeframe. The oil and coal subsidies have not.
     
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  17. Georgina Rudkus

    Georgina Rudkus Senior Member

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    Could be on resale value. Only time will tell.
     
  18. bisco

    bisco cookie crumbler

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    for those of us driving vehicles that came with tax credits, it may have been part of the equation.

    looking at it in the light of environmental progress, i would not want them to go away, any more than solar panel credits or other progressive technology.

    to claim that these vehicles are cheaper to build than gassers is either naive or disingenuous

    for those on the other side of the climate change debate, i have no words of wisdom, but proceed at your own peril
     
  19. Georgina Rudkus

    Georgina Rudkus Senior Member

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    It's called "the economy of scale." Any start up is expensive. My husband's retired engineer friend remembers the first IBM PC with two 5-1/4 inch floppy drives, no hard drive and 32k of ram, when it retailed for $4200.

    He also told me of the Chevy Citation and Datsun F10 that cost 40 per cent more to build and sell than rear wheel drive cars in the early 1980's. Now, all rear wheel drives cost more to build than front wheel drives. Witness sports cars like Mustang, Camaro, full sized SUV;s and pickup trucks.
     
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  20. bisco

    bisco cookie crumbler

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    agreed, that's why they need subsidies to get going. they are not going yet.
    plus with phev's, you have two technologies in one package, making them more expensive, even in large production
     
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