EV makers delay and cancel models as US tax credits vanish under Trump's new bill

EV makers delay and cancel models as US tax credits vanish under Trump's new bill

But few expect the electric vehicle market to disappear entirely

A major turning point for the US market arrived with the recent passage of President Donald Trump's $3.4 trillion "Big, Beautiful" budget bill, which included the abrupt end of the federal EV tax credit. Set to expire at the end of September, the $7,500 credit has long been a cornerstone of EV affordability for American consumers. The new law, which also reversed stricter emissions standards, has left automakers scrambling to adapt their product plans and pricing strategies.

https://www.techspot.com/news/108649-ev-makers-delay-cancel-models-us-tax-credits.html

 

Elon sad. Elon mad!

 

It's not just the EV tax credits. It's also wind and solar tax credits for corporations. Now they have to finish construction by 2027 to get tax credits which is some 5 years early. Meanwhile in 2022 global subsidies for oil&gas surpassed $7 trillion. They say they want renewable industries to not get an unfair advantage or that they aren't economical, but don't apply the same standards to oil&gas because energy is too important not to subsidize.

Fossil Fuel Subsidies

EVs are kind of lame though let's be honest. How am I going to take a road trip when I have to spend an hour recharging the car instead of spending 5 minutes at a gas station. That's if I can find a supercharger.

 

The attachment listed advanced depreciation schedules and un-checked pollution as "subsidies for fossil fuels.

This is a bit different then cutting a check.

 

Are EV manufacturers experiencing problems sourcing parts containing rare earth minerals?

 

Must make every last dollar out of every last drop of oil. Never mind if some of us are standing in water up to our asses with our hair on fire! Got to keep that money flowing. The billionaires don't give a shit--they'll just fly off to their private enclaves with their armed goons providing them security when the starving hordes head north, The rest of us will be fighting for survival.

 

Let rich people pay for their vanity ride out of their own pocket.

No wonder that Musk broke with Trump.