Possibility of $7500 Gov't hand out going away . . . thoughts ? ?

[vav493]

I am more worried about how this affects the charging infra rather than tax credits on leases/purchases. Infra is possibly a big reason for the seemingly saturated EV market at present in the US. I suppose the IRA had some good funding towards charging infra. I am not sure if flow of those funds can be interrupted as the infra work is expected to be ramped up in 2025 onwards. Anyways, it is very likely that it will go away if there is a way. That will put a serious pressure on companies in making more EVs. Traditional companies can go back to making hybrids. Or, they can fund the infra projects and work towards an accelerated transition. It's their call.

Game theory is always a fun exercise to play through. Reduced infrastructure funding is a concern for sure, but I’d be curious to see the impact of two variables: 1) (supposed) lower regulations (not commenting whether that’s good or bad) which would theoretically reduce the friction during site selection and permitting and 2) increased supply capacity for energy due to less restrictions on fossil fuel. One of the points of friction is the strain on the grids, so… if there is more capacity for supply, then maybe there will be less hesitation. Who knows… I suppose time will tell.

 

[msaunders9430]

At least three car makers want the tax credits to remain in place.

https://www.reuters.com/business/autos-transportation/automakers-urge-trump-preserve-ev-tax-credits-boost-self-driving-cars-2024-11-21/

 

[Batteryman]

At least three car makers want the tax credits to remain in place.

https://www.reuters.com/business/autos-transportation/automakers-urge-trump-preserve-ev-tax-credits-boost-self-driving-cars-2024-11-21/

The Big 3 want to keep them as well.

Automakers plead with Trump: don’t kill the EV tax credit

Save the tax credit.

www.theverge.com

They know, unless they go full EV , China will take over the auto industry. It would be very short sighted to take away EV credits and funding for chargers/battery production. Lets see how really business smart Trump is....he should ignore the oil lobby and his fellow republicans and do what is good for the future of America.

 

[DeaneG]

California governor Newsome proposes to use a portion of the proceeds from the state's cap-and-trade program to revive a large state EV credit, offsetting the potential loss of the federal credit. The cap-and-trade program generates about $5B per year and is typically used for environmental projects:

Newsom Challenges Trump on Electric Vehicle Tax Credits

Gov. Gavin Newsom said California would fill the void for residents if the Trump administration killed a $7,500 E.V. tax credit.

www.nytimes.com

 

[scal_air]

California governor Newsome proposes to use a portion of the proceeds from the state's cap-and-trade program to revive a large state credit. The cap-and-trade program generates about $5B per year and is typically used for environmental projects:

Newsom Challenges Trump on Electric Vehicle Tax Credits

Gov. Gavin Newsom said California would fill the void for residents if the Trump administration killed a $7,500 E.V. tax credit.

www.nytimes.com

Seems good for EVs in general but as others have pointed out, if current restrictions remain, will not do much to the existing luxury market sales. But leasing...