A lot of EPA regulations are being rescinded.
Go to "Car Coach Reports" at utube and/or rumble for more info.
Go to "Car Coach Reports" at utube and/or rumble for more info.
Electric Vehicle Plan is getting rescinded
- Thread starter jetman
- Start date
GON
$150 Site Donor 2025
Rescinding of preferential treatment for EVs is the very best news for the EV industry.
When government picks winners, innovation gets stifled. The worst thing a private organization can do is receive is receive government subsidies, etc. For private enterprise to produce the very best solution and/ or product--- needs to do it without involuntary taxpayer subsidies. When involuntary taxpayer subsidies are involved, the product or service more likely than not is not as competitive as it could be.
When government picks winners, innovation gets stifled. The worst thing a private organization can do is receive is receive government subsidies, etc. For private enterprise to produce the very best solution and/ or product--- needs to do it without involuntary taxpayer subsidies. When involuntary taxpayer subsidies are involved, the product or service more likely than not is not as competitive as it could be.
I’m still waiting for the tax credit to go away
Killing tax credit for foreign made vehicles while keeping it for domestic, DID drive companies to invest in US production, so it did at least have a positive result there.
Except government picks winners (and losers) all the time. Industrial policy is nothing new.
Take R&D, which is tremendously important from an economic and social standpoint.
Scientists and engineers make new discoveries and find innovative, unanticipated ways to apply research results leading to economic growth and increases in the standard of living.
Despite the benefits, companies are less likely to fund research that does not promise immeadiate commercial promise or may not increase their profits. For example, basic research is tremendously important, but firms underfund it from a budget standpoint. To counter this, government can finance requisite research.
Without government funding, there would be no Silicon Valley, I can tell you that. There are many Patents applied for and granted that will never make a penny.
Incentives work.
GON
$150 Site Donor 2025
Not buying your theory.
A good example, U.S. taxpayer guaranteed student loans (notice I did say not U.S. Government- it is the U.S. taxpayer that is on the hook for the student loans).
The cost of college education has skyrocketed with the ample availability of U.S. taxpayer guaranteed student loans. The educational institutions didn't get better, didn't get leaner, didn't reduce student to teacher ratio. All U.S. taxpayer guaranteed student loans did was allow for more fat, larger and increased compensation for administrations, etc. If there were no U.S. taxpayer guaranteed student loans, the cost of a college education would be significantly less, maybe more classes would be offered at hours the more students could attend (evening/ night classes), more semester per calendar year, etc. Of note, I was a professor at a top 30 university for four years- my peers weren't challenged or overworked.
I could go into all kinds of industries and post stories as how government guarantees too big to fail, etc has made a organization fat, dumb, sloppy, etc. One only need to study Citibank in 2008 to know not a single executive making seven-eight figures annually lost a penny, but U.S. taxpayers bailed out Citibank.
We absolutely need a government. Infrastructure, national defense, law and order, and a handful of other concerns. We don't need a government to take money from the people of Ohio, Nebraska, Iowa, etc- and give bushel baskets of money primarily to private and public intuitions in California, because of lobbyists, to subsidize EV development. Maybe EVs could have been designed better, and significantly cheaper in let's say Western Pennsylvania, if lobbyists were not channeling that money to California institutions.
The credit is a law. It can’t be done away with without both houses of congress. I agree it should go away but no one person can make that happen.
Thank goodness. Nothing against electric cars, but transportation isn’t a one size fits all in the US. I’d prefer that electric cars become the norm when they offer universal practical superiority to IC. For some, EV’s that can be charged with low cost electricity at home already offer superiority. For others it doesn’t.
The EV tax credit will probably go away. I got it on the 1st car, but not on the 2nd. Tesla is the big beneficiary of the credit going away, because they are the only company who makes a profit on their EVs. The pressure on GM, Ford, etc, will be painful.
Of course recent news has put Tesla in another place fiscally, so who the heck knows?
And all this talk of EV subsidies seems to neglect other subsidies, which can be massive in comparison. "Let them stand on their own" sounds good but is hardly reality.
Of course recent news has put Tesla in another place fiscally, so who the heck knows?
And all this talk of EV subsidies seems to neglect other subsidies, which can be massive in comparison. "Let them stand on their own" sounds good but is hardly reality.
I'd say standardizing on NACS was a bit more of a winner pick, but ok.