TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.
It’s hard to imagine any way this doesn’t throw a huge wrench into the adoption of sustainable car technology for the USA.
Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.
It’s pretty clear that what they say they want, and what they are actually working towards are not the same.
I agree they have no legitimate plan and are just fumbling with a bunch of idiotic moves and call it governing, but I also agree with the other commentor that these credits aren’t as great as people think because manufactures have time and time again raised prices by amounts equivalent to these credit amounts (like when Biden revamped the expiring credit system) so all we’re really doing is subsidizing these major corporations with our tax dollars.
That’s called lying.