Federal EV tax credit set to end completely September 30th

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Lively debate in here. Sounds like something from years back when many of the same people would debate me on Tesla sales.
Things were hot at the time, Telsa the only one realistically offering EVs a vehicle with an electric engine instead of gas. I said as soon as the rest of the industry produces the same product they would take a huge hit.

Since then they have lost a huge percentage in market share, large loss in profit margin, stale product line.
Sales in the USA far worse than I even imagined and yet, at point of sale, buyers are still given free $7,500 from the taxpayers for a down payment and sales still hurt.
Not only that but $4000 for the same car used and still resale is terrible.
Also an over sized expensive truck no one wants and still to this day smallish compact 4 door sedans/small SUV type performance cars. The rest of the industry offers some of that but also what matters to many is larger size (still mostly small) SUVs but with a more high profile look. .

At this point in time EVs can not compete with what mainstream America wants. It has been proven. We gave away a free $7,500 at point of purchase and still sales suffer. Another $4000 for resales and sales still suffer. Other manufacturers also pared down plans.

I cant wait until the end of Sept. The EV industry will finally have to stand on its own two feet, once and for all. EVs do serve a purpose for those who want them, for the majority they are way to expensive for a small car. Sales numbers prove it.

The debate about oil subsidies is ridiculous. For those people, give up, you lost, EV credit is gone. For those who havent thought about it, now I wont be forced into paying to upgrade the electric grid as much as I would have AND have up to $11,500 taken from my tax dollars to bride people to buy them.

Debate really is over, EV credit is dead and will never be back. Sales WILL fall further unless the industry adapts instead of living fat off my paycheck. I suspect it will adapt to more affordable EVs for those who want them. The gasoline engine isnt going anywhere and wow, bring back those V-6s and BIG V-8s thank you! I guess GM did right this time in opening up that big beautiful new V-8 engine manufacturing plant. Because we know at current prices large EV SUVs are not happening like the gasoline alternative.

Free choice is back!
 
Oil exploration is very heavily subsidized by you and I, the tax payer. A far sight more than the 7500 ev tax credits. For a commodity as valuable as oil I don’t think we need to pay companies to drill for it.
No, oil exploration is not "heavily subsidized". As with any other industry the funds one spends to make money are allowed as tax deductions. Costs a lot of money to explore, lease, and drill a well, and sometimes it doesn't work. That is a valid cost of doing business.

"Tax deduction" means one does not pay taxes on the funds previously earned but used to make more money rather than paid to stockholders as profit. Is not a subsidy.
 
(Snip) The gasoline engine isnt going anywhere and wow, bring back those V-6s and BIG V-8s thank you! I guess GM did right this time in opening up that big beautiful new V-8 engine manufacturing plant. Because we know at current prices large EV SUVs are not happening like the gasoline alternative.

Free choice is back!
And our family is exercising that! We chose gas, 6.2 liters, V8, 14 mpg, and premium unleaded (DFM, L87 are separate topics in themselves).

I’m not wanting to consume fuel for the sake of consumption. I’ve said ever since I joined this forum I want to get a normally aspirated V8 before they’re gone, I hope in 2027. Poor fuel economy comes along with not wanting a turbo.

Any mileage the new car achieves over 18 mpg is a win. I’ll try—get on highway, set cruise to 63-65, let it go 50 miles. I’ve seen online 21-22. Our 3.6 V6 Enclave could do that, while delivering 12 mpg in pure city (awful). But this is 190 more lbs ft.
 
There are lots of subsidies for retail gasoline. Like big ag for ethanol. And rules forcing me to buy it. The attack is never against that. It’s always an attack here on the oil industry.

Specific facts matter
Yes, facts matter. So where are these subsidies for gasoline and ethanol? Apparently there are "lots of them" so it should be easy to enumerate a few.
 
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“Repealing the deduction would save U.S. taxpayers an estimated $13 billion between 2024 and 2033, according to estimates by the Joint Committee on Taxation.”
A screen shot protecting the source. You failed Remedial Debate.

Not only that you failed to understand your screenshot says exactly the opposite of what you claim it to say. It simply says oil producers get tax deductions for their expenditures in the production of gas and oil. Every business gets tax deductions for legitimate expenditures necessary to produce income. Is not fair to have to pay taxes on the funds used to drill the hole. Is not fair for the manufacturer to have to pay taxes on the materials used to build your automobile.
 
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