TF1000

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"all borrowed on the backs of future generations"? I'm guessing he doesn't care too much about future generations.

Ted
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vandy1981

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As of tonight, the draft reconciliation bill will be partially funded by taxing unrealized gains of assets owned by billionaires and those that make over $100 million/year.

I'm not sure how those taxes would be assessed and collected, but I think it's funny that Elon Musk and Jeff Bezos could end up having the privilege of contributing their tax money to EV incentives that benefit Tesla and Rivian sales.
 

F150ROD

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As of tonight, the draft reconciliation bill will be partially funded by taxing unrealized gains of assets owned by billionaires and those that make over $100 million/year.

I'm not sure how those taxes would be assessed and collected, but I think it's funny that Elon Musk and Jeff Bezos could end up having the privilege of contributing their tax money to EV incentives that benefit Tesla and Rivian sales.
Except Elon has already accounted for this.....which is why the prices of Tesla Cars keep going up every week...
 

greenne

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Except Elon has already accounted for this.....which is why the prices of Tesla Cars keep going up every week...
Yes..but lets keep arguing for direct sales so a single guy can jack your price up $5000 because he got his feelings hurt on social media...
 

techguydave

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Yes..but lets keep arguing for direct sales so a single guy can jack your price up $5000 because he got his feelings hurt on social media...
If you think every automaker is like Tesla, I want what you're smoking. If they all went direct sales, I doubt they'd be as volatile as Tesla.
 

DanielM92563

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Do you all think there will definitely be an income cutoff to qualify for the EV tax credits?
 

sotek2345

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Do you all think there will definitely be an income cutoff to qualify for the EV tax credits?
I suspect there will be one, but I also suspect it will be rather high. The house version of the bill had limits of $400k/yr. individual and $800k/yr. joint to support Biden's promise of no tax increases if you make under $400k.

I am also more encouraged now about them staying in the bill because Manchin killed the other major piece of climate legislation in the bill (Shame - it was a great carrot and stick plan to decarbonize our electrical generation infrastructure). Democrats are scrambling to find something or somethings to replace it with to hit the same CO2 targets. I doubt any more climate initiatives will come out.

But then, this is D.C. and who knows.
 

greenne

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If you think every automaker is like Tesla, I want what you're smoking. If they all went direct sales, I doubt they'd be as volatile as Tesla.
Very true. Elon is a special breed. No way I'd ever buy a vehicle from that twit.
 

greenne

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I suspect there will be one, but I also suspect it will be rather high. The house version of the bill had limits of $400k/yr. individual and $800k/yr. joint to support Biden's promise of no tax increases if you make under $400k.

I am also more encouraged now about them staying in the bill because Manchin killed the other major piece of climate legislation in the bill (Shame - it was a great carrot and stick plan to decarbonize our electrical generation infrastructure). Democrats are scrambling to find something or somethings to replace it with to hit the same CO2 targets. I doubt any more climate initiatives will come out.

But then, this is D.C. and who knows.
I was thinking the same thing. I read an article that surmised the same thing. Since the other climate initiatives came out(i.e. paying utilities to go green, penalizing those who don't)... they will be looking for something else climate related to fill that void. EVs and/or chargers enjoy fairly widespread approval, less controversial. Thinking there is a greater chance they stay in and/or expanded.
 

vandy1981

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Do you all think there will definitely be an income cutoff to qualify for the EV tax credits?
This is wholesale conjecture, but I think a MSRP cutoff is much more likely than an income cutoff. It's even more likely if they switch to a point-of-sale credit because it will be nearly impossible to regulate and enforce income limits with that model.

In my opinion, it's best to target higher-volume, lower-cost EVs with a revamped credit.
 

pstansel

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In my opinion, it's best to target higher-volume, lower-cost EVs with a revamped credit.
That's the philosophy CT took with the state rebate. Unfortunately, they set the MSRP so low (originally 40k, temporarily at 43k) that most of the popular models are excluded :(
 

greenne

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That's the philosophy CT took with the state rebate. Unfortunately, they set the MSRP so low (originally 40k, temporarily at 43k) that most of the popular models are excluded :(
The problem is when you make that so low no one can use it. I'd LOVE to pay $40k for an EV. But thats not reality. Problem is the $40k EVs just won't work for my needs. Heck, you can't even get many gas SUVs for under $40k these days. Its unrealistic and if enough people can't use it(mass adoption of EVs) then whats the point?
 

sotek2345

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The problem is when you make that so low no one can use it. I'd LOVE to pay $40k for an EV. But thats not reality. Problem is the $40k EVs just won't work for my needs. Heck, you can't even get many gas SUVs for under $40k these days. Its unrealistic and if enough people can't use it(mass adoption of EVs) then whats the point?
The point is to make EV's look bad (See no one buys them even if we offer an incentive). That way ICE vehicles and gas keep being sold and pockets keep being lined.
 

pstansel

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The problem is when you make that so low no one can use it. I'd LOVE to pay $40k for an EV. But thats not reality. Problem is the $40k EVs just won't work for my needs. Heck, you can't even get many gas SUVs for under $40k these days. Its unrealistic and if enough people can't use it(mass adoption of EVs) then whats the point?
It gets even better (worse)... they held a commission meeting to complain that not enough people were using the credit and they had to give money back to the state! When the local EV club tried to point out the VERY relevant facts around their MSRP cap the chairman dismissed them and said they wouldn't change it. On this commission are... you guessed it... a lot of the local bigwig dealers who have a vested interest in making it hard for us to buy EVs like Tesla and Rivian (CT has direct sales restrictions). We had to go down to NY to buy ours.
 

rdr854

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And Virginia has an annual surtax on EVs and fuel efficient vehicles. The excuse is that they need to offset the lost revenue from the gas tax.
 
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