Look for the EV industry to practically disappear next year as Donald Trump has already signaled that he is looking to put an end to Joe Biden’s idiotic Electric Vehicle tax credit, which is nothing but a subsidy for EV manufacturers.
Electric vehicles are universally garbage, it is true. But if you want one, there is no reason at al you should not go out and get one. However, there is no reason whatever that I should help you buy one and help manufacturers make them with MY tax dollars.
You want to waste your money on one of these boondoggles, knock yourself out. But keep your hands out of the federal treasury while you do it.
And, at long last, we are going to have a president that understands what is right and what is wrong.
If EVs are going to thrive, they must do so on their own standing. Not because billons of my tax dollars are being thrown at them.
Per Reuters:
President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.
…
Repealing the subsidy, a signature measure of Democratic President Joe Biden’s Inflation Reduction Act (IRA), is being discussed in meetings by an energy-policy transition team led by billionaire oilman Harold Hamm, founder of Continental Resources, and Republican North Dakota Governor Doug Burgum, the two sources said.
This is good news.
Screw your electric car. You want one? Great. Pay the full freight.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
Trump Looking to Kill Biden’s Absurd Electric Vehicle Tax Credit
Look for the EV industry to practically disappear next year as Donald Trump has already signaled that he is looking to put an end to Joe Biden’s idiotic Electric Vehicle tax credit, which is nothing but a subsidy for EV manufacturers.
Electric vehicles are universally garbage, it is true. But if you want one, there is no reason at al you should not go out and get one. However, there is no reason whatever that I should help you buy one and help manufacturers make them with MY tax dollars.
You want to waste your money on one of these boondoggles, knock yourself out. But keep your hands out of the federal treasury while you do it.
And, at long last, we are going to have a president that understands what is right and what is wrong.
If EVs are going to thrive, they must do so on their own standing. Not because billons of my tax dollars are being thrown at them.
Per Reuters:
President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters.
…
Repealing the subsidy, a signature measure of Democratic President Joe Biden’s Inflation Reduction Act (IRA), is being discussed in meetings by an energy-policy transition team led by billionaire oilman Harold Hamm, founder of Continental Resources, and Republican North Dakota Governor Doug Burgum, the two sources said.
This is good news.
Screw your electric car. You want one? Great. Pay the full freight.
Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston
