Socialize losses, privatize gains. I don’t want my tax money incentivizing some rich asshole to buy an EV. Nobody that needs help buying a car can even consider an EV, their too expensive. The cheapest ev u can buy in USA is 30k, the cheapest ICE is 22k. And people that need help buying cars can’t afford either. Only middle class + people are buying these things, and they don’t need poor people’s tax money to subsidize their purchase from a private corp. I’m all for evs but let’s be honest the people buying them DONT need help buying them. Id rather see my tax money go toward renewable infrastructure or research on batteries and such! We can’t keep relying on the private industry to fund research, in technology or in medicine or any science imo. But that’s just my angry fist wagging opinion as somebody who refuses to spend more than 3k on a car because I’m not made of money. I’m not exactly poor, I’m a home owner under 30 and make around 60-70k a year depending on OT and bonuses. But if I went and got a loan on a Chevy bolt for 30k I would not be able to make my mortgage payments even with subsidies, so why should somebody who makes more get help buying a new car? Horseshit
There’s more reason to incentives than to “help people who can’t afford new”
the faster we develop an EV market, the sooner and cheaper used EVs will be available
the incentives get us to price parity sooner, so encourage people who don’t want to spend extra, whether they can or not
the faster market transition encourages investment in chargers. If you couldn’t be confident in a fast growing market why would you invest in chargers?
the faster market transition encourages and supports legacy manufacturers investing in new technology
EVs are inevitable, but we need to be encouraging a faster transition for environmental reasons. But the incentives were at least as much about trying to save legacy manufacturers as they were about encouraging consumers down that path.
Note that as soon as the US stopped incentives, legacy manufacturers withdrew from the EV market. Some were just reaching price parity, such as Chevy Equinox, but the few remaining choices will never have the volume to be profitable. Now they’re heavily protected, at the cost of less choice and much higher prices for all Americans, but that can’t last forever and they appear to be digging their own graves
While I agree with you, roll back of regulations has also contributed. For example the hemi was going to get killed but now their coming back, diesel emissions have lightened up, and epa no longer cares about the Greenhouse Gas Endangerment Finding and repealed it. There has been a LOT of factors this administration has changed that made EV less appealing and shifted us back to high pollution combustion and shitty refrigerants. I’m not convinced ev subsidies are the way forward, we need better renewable infrastructure to properly fuel our EVs and i think that should be funded by our tax dollars rather than hoping that if more people have evs more private corps will build the infrastructure for it. That’s like encouraging building trains without any tracks to ride on! Plus renewable infrastructure isn’t just for evs, that will help make all our homes greener too!
This isn’t exactly correct or truthful. A new EV Bolt is only $4k more than a new Camry, and that difference is quickly made up from the gas saving, especially when gas is $4+ a gallon.
Socialize losses, privatize gains. I don’t want my tax money incentivizing some rich asshole to buy an EV. Nobody that needs help buying a car can even consider an EV, their too expensive. The cheapest ev u can buy in USA is 30k, the cheapest ICE is 22k. And people that need help buying cars can’t afford either. Only middle class + people are buying these things, and they don’t need poor people’s tax money to subsidize their purchase from a private corp. I’m all for evs but let’s be honest the people buying them DONT need help buying them. Id rather see my tax money go toward renewable infrastructure or research on batteries and such! We can’t keep relying on the private industry to fund research, in technology or in medicine or any science imo. But that’s just my angry fist wagging opinion as somebody who refuses to spend more than 3k on a car because I’m not made of money. I’m not exactly poor, I’m a home owner under 30 and make around 60-70k a year depending on OT and bonuses. But if I went and got a loan on a Chevy bolt for 30k I would not be able to make my mortgage payments even with subsidies, so why should somebody who makes more get help buying a new car? Horseshit
There’s more reason to incentives than to “help people who can’t afford new”
EVs are inevitable, but we need to be encouraging a faster transition for environmental reasons. But the incentives were at least as much about trying to save legacy manufacturers as they were about encouraging consumers down that path.
Note that as soon as the US stopped incentives, legacy manufacturers withdrew from the EV market. Some were just reaching price parity, such as Chevy Equinox, but the few remaining choices will never have the volume to be profitable. Now they’re heavily protected, at the cost of less choice and much higher prices for all Americans, but that can’t last forever and they appear to be digging their own graves
While I agree with you, roll back of regulations has also contributed. For example the hemi was going to get killed but now their coming back, diesel emissions have lightened up, and epa no longer cares about the Greenhouse Gas Endangerment Finding and repealed it. There has been a LOT of factors this administration has changed that made EV less appealing and shifted us back to high pollution combustion and shitty refrigerants. I’m not convinced ev subsidies are the way forward, we need better renewable infrastructure to properly fuel our EVs and i think that should be funded by our tax dollars rather than hoping that if more people have evs more private corps will build the infrastructure for it. That’s like encouraging building trains without any tracks to ride on! Plus renewable infrastructure isn’t just for evs, that will help make all our homes greener too!
This isn’t exactly correct or truthful. A new EV Bolt is only $4k more than a new Camry, and that difference is quickly made up from the gas saving, especially when gas is $4+ a gallon.
And when you want to accelerate adoption of something, you incentivize it. The US already spends $40+ billion in direct subsidies for oil (https://www.americanprogress.org/article/5-hidden-ways-the-government-rigs-the-market-in-favor-of-fossil-fuels/) Imagine instead of giving that to oil companies, you used that to accelerate the development of EV’s and their roll out.
I mean… why not? I’d like if every rich guy had an EV instead of ICE. Less pollution is less pollution