Ford, GM Raise Electric Vehicle Prices, Offsetting Tax Credits...

The manufacturer has already reclaimed that in their current pricing. Im curious how the Manufacturer raising their prices at the exact time that the government gives a tax break to the consumer, is Joes fault ?

Personally I think the manufacturers just screwed themselves. The tax break would have helped many to buy their cars, but now the manufacturers killed that incentive.

 

WOW. Guess your moving the goalposts now.

Please explain what changed for the manufacturer that cost them the exact amount of the tax break dems gave to buyers?

 

Nobody stole anything. If you read the article prices didn't go up by the amount of the tax break. They went up because the manufacturer's costs went up. That's just a fact of Biden's great economic policies including more Federal pork spending. That's how inflation works. So Biden's "great" subsidies were killed by Biden's giving more free money away. Funny how that works.

 

My post was to clarify that the govt has nothing to give. The govt has no incentive to be efficient because we keep voting in "insiders"

The govt takes from the productive.

As for your question about price increases; the answer is simple. Don't buy the vehicle and they will then need to sell off inventory even at a loss

The free market really does work if govt would stop trying to pick winners by using our tax dollars

 

And who wants to buy a Ford or GM electric vehicle anyway?

 

A corporation is a legal entity What exactly do you propose to change. I can't even begin to think of the chaos if the legal entity called a corporation was done away with.

There is a political system designed for taking over corporations. It is called Communism. The problem of course is that system is a total failure.

You are going to have to define what you mean by greed. Should the companies that make the goods and services we require not make a profit and should that profit be not be based on a free market economy. But if greed is colusion with the political class to get taxpayer money to allow an increase in EV prices, the government should be blamed. Cause having the $7500 tax credit provided by the taxpayers to buy an EV is not how a free market economy should work. You seem to have an emotional reaction to a post that calls out the collusion between the crony (fake) capitalism and the political class. Why is that? Do you assert this collusion does not take place on a regular basis?

Corporations are totally regulated. What new regulations are you proposing? The National Association of Manufacturers says the the cost of compliance with regulations is $10,000 per employee. Do you think these costs are not passed along to consumers? We don't need more regulations. We just need to vote politicians out of office that support crony capitalism.

 

Biden's only fault is that he hasn't a clue as to what he is doing, what the consequences are, or how things work.

 

Tax break is a tool used to trick the average consumer who has no idea about finance. The number on rule in finance, cash is king. Tax break is bulls***t to the average person as cash on hand is leverage, not some credit bs.

 

Oh course they did, just as colleges will when Biden pays off all the college debt. Anytime the government subsidizes something the price goes up.

 

What HASN'T gone up would be the shorter list, got one?

This is giving the breathing room to do so. And the cost of those batteries is going to sky rocket when they have to be made here in the USA under union contracts.

 

OR, the incentives to buy electric cars uses less gasoline, and then gas prices come down….clean air etc. There al LOTS of benefits of electric cars.

America doesnt have a “free market”. It has been bastardized by the big players…..

 

The biggest player is the government and what it typically involves itself in the other players get stupid rich. Hopefully Biden's EV credit applies to golf cart's like Brilliant Obama's did. Me an everyone I know at both Country Clubs I'm a member of, got new golf carts and got to write them off. Mine are getting old and those new lithium ones are sweet. Don't let me down Joe!

 

Really? Who benefits the most from this?

 

There is zero incentive for me and a lot of other Americans to own an electric car. The price is absurd. The range of these vehicles is absurd. Particularly for those of us in rural States with cold weather. These cars are probably great for some liberal yuppie running the kids around town and then stopping at the Starbucks to get a latte and virtue signal.

 

You consistently talk about profit like it is some bad thing. Other than profit, why do people invest and risk capital to start businesses? Do you believe in a free market economy?

 

This might be helpful. https://www.cnn.com/2022/08/17/business/electric-vehicle-tax-credit-how-qualify/index.html
As you can read, the hikes are due to increased cost. To qualify for the tax credit the vehicle's battery must be manufactured a certain percentage if American made materials, which may incur more cost.
Designed to have more of it made in the USA.
There are other manufacturers, so GM and Ford aren't the only companies that can qualify for the tax credit, but none qualify at the moment.
Interesting read, and pretty much eliminates the bashing of Biden. Oh wait, he's still breathing so there's always gonna be something to blame him on.
The legislation appears to be pretty well written. Even takes into account the income level of the buyer, focusing on the middle class.

 

Interesting that I can only find this reported in CNS, Fox, Daily Wire, Daily Caller, Washington Examiner, WSJ, and the "Patriot Journal".

This government would never do what was needed which was to order a price freeze on electric cars when the rebate was announced. The only way we'll get government "of the people, by the people, for the people" is to transition to socialism.

 

Well a certain amount of battery material will have to be sourced nationally in order to get the tax credit.

Forget the tax credit in a few years.

Understand these vehicles aren't for helping the environment they pollute quite a bit more than a new conventional vehicle.

They are for people who want to feel sophisticated. It's a fashion statement.

I'm a former mechanic my reason for not wanting one is different I won't get into that unless you want.

 

"Pretty well written"? So.....now that there are tax credits that nobody qualifies for but force companies to get some portion of components from the US which bumps up the price of the vehicle nullifying the tax credit and the incentive to buy vehicles that are inherently inferior and significantly more expensive which is why the overwhelming majority of the population (like 95%) won't buy one because EVs suck for them personally AND........

Somehow that means Biden's and the whacko enviros can no longer be bashed because they're idiots. Do I have that right?

But I guess everything was spelled right...

 

I would appreciate your mechanics perspective on these cars. It seems like a basic electric car would be reliable. The hybrids seem overly complex and expensive. I actually considered buying a Nissan leaf at a couple years ago, but living in west VA questioned if the range would even get me to the dealer and back in the WInter. Also, questioned if a local mechanic would work on one. The MSRP is now I think around 29K and that seems like a lot to invest in a car that would only be useful for local driving. Instead of an the Leaf I purchase a 2020 Kia Soul for 15K paying cash and that has been a great car and used on long trips. To me the EVs have a price that is just too high.

 

Are you claiming this did not happen and is fake news. Yes or No?

 

You missed the part about the price caps, but I not familiar with the price of them presently.
Doing it at all could be debatable, but they seem to have thought it through thoroughly though.
Think so?
That was fun!

 

Oh, price caps! What could be more obvious?

Except who's going to produce anything if you can't make a buck on it?

So I guess the price caps mean you won't get the rebate if the EV costs too much.

And, boom, we're right back to a bunch of functionally useless hogwash.

 

My opinion isn't very favorable at least not yet. The Tesla seems to be the most versatile but the build quality is quite lacking for the price point, and it would be the one I'd be least likely to buy due to difficulty finding service. Their charging Network is second to none though. Something the Rivian is severely lacking.

Lucid seems to fill the gap that Tesla has, they are very expensive but the build quality seems better not sure about charging Network.

Where my mechanic mind says put on the brakes is the inability to repair. They might have a more dependable power train but everything else that is in any other car is in electric vehicles, sand that stuff is the most common repair that you'll deal with. I worked as a mechanic for 20 years I've never had to rebuild an engine. I did a couple head gaskets and a handful of transmissions. If you get the right vehicle you don't have to worry about those components.

Cars that burn fuel are required by law to have an access port called an OBDII (on board diagnostics version 2) this is what a mechanic uses to determine what repair your car needs. Electric cars don't require that so if there is an issue nobody can fix it you are at the mercy of the dealership.

I've worked in dealerships and they are the most crooked of all shops. They higher the cheapest most unskilled technicians. All they do is swap parts they don't diagnose. They do this to save as much as possible and they get away with it because people are under the impression that they are the best. They take forever and you'll be at their mercy. If your electric car goes into limp mode and you have it towed to them you'll likely not have it for several weeks, charge you 5x what I would, and replace parts that didn't need to be replaced. You'll have no way of knowing if you were ripped off because I wouldn't be able to access it. Your resale value will be in the toilet because nobody wants an sheeting electric car with a battery that will need to be replaced at some point that they have to take to the dealership to get fixed. So resale will just be scrap.

I base this on cars that exist. Porsche for example. Used ones are dirt cheap because fixing them will bankrupt you.

I was impressed with the Rivian, Tesla, and lucid Air. They are incredible vehicles I'll never own one.

 

Written to promote middle class people buying them. A quick look at the prices showed that there are a number of vehicles from a number of different manufacturers available under the cap.
Promotes ev's for middle class, the most desirable group, made more in the US.
Or, they could do like a Republican congress and do nothing. Seems like their voters like that.