Wednesday, July 06, 2022

The $7500 tax credit should go forward, so long as the EVs are priced realistically.

EVs have always carried the reputation of being for the wealthy. That needs to change. Every family, every household should be able to shop for EVs without retreating into a petroleum industry price gouging utopia.

It has been decades since the auto industry has maintained it's focus on the internal combustion engine in the face of a very danger climate crisls. They have a responsibility in ending greenhouse gas emissions out of their tailpipes. In that is the responsibility they have to the American people to provide EVs every person and family can afford.

Let's face it, the petroleum industry has created an economy that will springboard sales of EVs. The American people are ready for this change. They want to go on road trips. That is now impossible for many people. The costs are prohibitive.

March 21, 2022
By Andrew Lisa

...GOBankingRates surveyed more than 1,000 American adults (click here) from across the country and found that more than half — 52.87% — are driving less. Older sets are more likely than their younger counterparts to cut back on driving, although men and women are driving less in nearly identical percentages. But for some people, less time behind the wheel just isn’t an option.

About 1 in 5 respondents would like to drive less but simply can’t manage to. Another 28% aren’t changing their driving habits at all.

So, beyond
not driving as much as they used to, what can regular people do to endure this very irregular spike in gas prices? GOBankingRates asked the experts to share their best gas-saving tips....

The people that want to drive less but can't is probably hit hard by the cost of gasoline. It is a lot of stress. They are being pinched and their savings is disappearing. The auto makers need to know the need of these Americans and build EVs that can be purchased by everyone.

See, the cost of gasoline has put these consumers on the same platform as those that normally could afford the EVs. Everyone is qualifying as weathy now simply because the petroleum industry is charging ridiculous amounts of money for their commodity.

Americans want EVs and now that gasoline puts their auto expenditures on the same level of previous EV purchases, they should be a focus for all the automakers. I might add, Tesla's pickup trucks are coming in around $55k. That is competitive with Ford and GM and their top end gas guzzlers.

The Congress should provide a very healthy incentive for the automakers to push more EVs out the door and into consumer's garages. Whatever it takes should be taken seriously, so long as the consumer is benefiting from the purchase.

June 21, 2022
By David Shepardson and Tina Bellon

...General Motors Co (GM.N), (click here) Ford Motor Co (F.N), Chrysler-parent Stellantis NV (STLA.MI) and Toyota Motor Corp (7203.T) have pledged to invest more than $170 billion through 2030 to bolster EV development, production and sales.

Automakers are making a furious last-ditch effort to convince Congress to approve an extension of EV incentives before Republicans, who are largely opposed to doling out EV subsidies, could potentially take over both houses of Congress next year.

Without those incentives, particularly an extension of a $7,500 EV purchase tax credit, the U.S. auto industry will fall behind on the Biden administration's goal of 50% EV sales by 2030, auto executives, lawmakers and consultants say....