Federal EV tax credit set to end completely September 30th

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We better hope that the China tariffs continue to stay stiff, otherwise we are done for. The Chinese government so heavily subsidizes their production of ev's that it is the classic strategy of flood the market and drive out everyone else. They have no problem going for a decade at a loss to run every last competitor out of business. It's a 100% unfair competitor situation. I say this because if they get their EV cars over here all the other manufacturers are cooked. Their low prices will create demand for charging stations that will be met with supply. Chinese EV's here will be the deathknell of the domestic auto companies, most likely the japanese and europeans as well. The volume won't be there to support them. There will of course be a slower uptake in rural areas, so it won't happen overnight. I believe I heard that they have a current OVER PRODUCTION capacity (not that they have built, but what they COULD build) that can handle the entire annual US auto sales numbers. I'm telling you, if that comes here look out. The plus would be that numerous American consumers who are currently being completely shoved out of the new car market because of the inconceivable prices of new cars would be afforded the opportunity to access potentially more economical personal transportation. Again, it's all part of the Chinese playbook: Government supports manufacturers for long enough to completely run everyone else in normal, free-market economies right out of town. Luckily all the global automakers went with the get rich quick scheme of "partner" with Chinese automakers who were more than happy to take good note of their 100 years worth of intellectual property and run with it. Meanwhile in the US we take away the tiny little subsidy that was provided for the American consumer (and our automakers) to try to cultivate a fledgling EV market.
 
We better hope that the China tariffs continue to stay stiff, otherwise we are done for. The Chinese government so heavily subsidizes their production of ev's that it is the classic strategy of flood the market and drive out everyone else. They have no problem going for a decade at a loss to run every last competitor out of business. It's a 100% unfair competitor situation. I say this because if they get their EV cars over here all the other manufacturers are cooked. Their low prices will create demand for charging stations that will be met with supply. Chinese EV's here will be the deathknell of the domestic auto companies, most likely the japanese and europeans as well. The volume won't be there to support them. There will of course be a slower uptake in rural areas, so it won't happen overnight. I believe I heard that they have a current OVER PRODUCTION capacity (not that they have built, but what they COULD build) that can handle the entire annual US auto sales numbers. I'm telling you, if that comes here look out. The plus would be that numerous American consumers who are currently being completely shoved out of the new car market because of the inconceivable prices of new cars would be afforded the opportunity to access potentially more economical personal transportation. Again, it's all part of the Chinese playbook: Government supports manufacturers for long enough to completely run everyone else in normal, free-market economies right out of town. Luckily all the global automakers went with the get rich quick scheme of "partner" with Chinese automakers who were more than happy to take good note of their 100 years worth of intellectual property and run with it. Meanwhile in the US we take away the tiny little subsidy that was provided for the American consumer (and our automakers) to try to cultivate a fledgling EV market.
Always felt H/K … LG & Samsung were already dumping - IIRC - LG has been caught more than once …
 
I wish American companies made reasonable EVs. GM made one and killed it.

Kia/Hyundai EVs were a possibility in the next year or two for me. Unlikely at this point.
 
"Incremental Cost" is heavily emphasized in Industrial Engineering courses. An "availability fee" or other base subscription cost does not apply to an added user of the service because you were going to pay it anyway, for powering the home. While it seems "fair" to distribute the cost to the EV, the EV's added use of electricity only adds the cost of electricity the EV used.

Consider a truck hauling from City A to City B and running empty on return. What would one charge to break even adding a load from B to A? The answer is: whatever the added cost of wear, tear, and fuel from running empty to carrying the load.
Interesting, I see what you're getting at. However, the end cost for me is what it is, and thankfully it's pretty cheap in my location. We have the local co-op, people to the east of us are in the competition zone where you can pick your provider. Oddly enough we pay less than most of them that I've talked to.
 
I wish American companies made reasonable EVs. GM made one and killed it.

Kia/Hyundai EVs were a possibility in the next year or two for me. Unlikely at this point.
The Bolt is coming back for 2026.

The Hyun/Kia models didn't get the subsidy anyway. Maybe the ones from their new plant in Georgia would have. Who knows.
 
Do you realize that the Chinese EV is the most monstrously conceived and dangerous communist
plot we have ever had to face?
I don’t know if you’re being sarcastic or not, but the literal reading of your words is the correct one. Kind of like the remote shut-offs that were found in a ton of Chinese sourced industrial solar panels. We are handing over our future.
 
I wish American companies made reasonable EVs. GM made one and killed it.

Kia/Hyundai EVs were a possibility in the next year or two for me. Unlikely at this point.
Are you referring to the Bolt?
If so, the new 2026 Bolt arrives fall of 2025.

Kia/Hyundai EVs are very nice. However I think if you look at the prices you will find them on par with American offerings as far as I know
 
I think this is going to be an interesting experiment regarding the fall of the EV credit.
Maybe manufacturers will cut out some of the frills and sell more basic vehicles that are more affordable to the average American.

Maybe demand for the Bolt and New low cost Tesla will exceed expectations (or not)

I like to follow stuff like this, so I will be looking forward to the last quarter EVs sales data in 2026. Another wild card will be what will happen to the used EV market. Will it collapse further because of the loss of the $4000 tax credit. Maybe not if new EV sales take a hit and people hold onto their present EV longer/

Interesting times, this stuff below was in the first draft. I do not know (and having a hard time finding more info) if it was in the final verison. I think at least #1 and #2 was removed from the bill but unsure if it was replaced with some other wording. Frustrating trying to find the information.

Confirmed #1 and #2 was removed from the budget bill.
Sooner or later something will have to be addressed regarding this.

1. EV owners will pay an additional $250 annual fee for the loss in Federal Road taxes (eliminated)
2. Hybrid owners will pay an additional $100 fee for the loss in Federal Road Taxes (elminated)

3. TESLA WILL LOSE hundreds of millions of dollars in carbon credits. In 2024 $749,000,000 of Tesla profit was carbon credits.
4. 30% Federal credit on energy storage and solar will no longer be offered in 2026 Cancelling the solar credit will effect the average homeowner savings due to it by $9000.
This too you would think will hurt Tesla as it is one part of its business that is growing fairly rapidly.
5. Home chargers 30% credit will expire June 30, 2026 TO qualify this is for lower income census track.
 
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Are you referring to the Bolt?
If so, the new 2026 Bolt arrives fall of 2025.

Kia/Hyundai EVs are very nice. However I think if you look at the prices you will find them on par with American offerings as far as I know
My issue with most EVs and even the original Bolt is they want to be spaceships. At least the original bolt was reasonable priced for what you get. I just want a normal car with electric powertrain. Hyundai/Kia ones that share platforms with IC engined vehicles seem to be the closest to that

The new Leaf coming out is going to have better battery thermal management but it won't be a good value any more.
 
My issue with most EVs and even the original Bolt is they want to be spaceships. At least the original bolt was reasonable priced for what you get. I just want a normal car with electric powertrain. Hyundai/Kia ones that share platforms with IC engined vehicles seem to be the closest to that

The new Leaf coming out is going to have better battery thermal management but it won't be a good value any more.
It will be interesting to see the new Bolt. Im amazed how a big company like GM can keep this under wraps (literally)

MY wife and I considered one a year or two ago. Sat in both versions and played around with them at the dealer. Once inside it felt bigger then it was looking in from the outside. Anyway, we weren't ready and yeah, it was small. New one might be bigger, we will see.

But still not for us and we will be out of the car market for a long time now. Wife just just bought a new 2025 Equinox in Nov 2024 We sat in both models. EV version and Gas. I really wanted the EV version (for fun) but this was my wife's car and I did not want to interfere with her decision.

Both models were loaded but the gas version more so. She chose gas, being petite she has wanted a higher "stance" SUV vehicle so she could see over cars in front or her. The EV version is REALLY nice in my opinion but very much more sporty and lower to the ground.
The new gas Equinox higher stance is significant and much improved over the previous years. Until the 2025 I was not a fan of the Equinox look at all. Completely different look.

I suspect the new Bolt will follow in the footsteps of the older one but larger and more aggressive look. We will soon find out. I also suspect the will be well priced, more so now with the expiration of the EV tax credit.
 
Same, but we have a great one - Tesla. They even make their own batteries here. My hope is they continue to succeed.

I don't know what is in store for the Big 3 and EU automakers.
My feeling are they are all on the same playing field. EV adoption will be how much of America endorses it.

Right now I dont see Tesla succeeding. Sales, market share and profit margins getting hit and will be more severe in the last quarter of this year when the tax gift goes away. Also last year they made over $700,000,000 in carbon credits, that is going away too.

I think more promise for GM (if all things stay equal) because they offer many more models then realistically two small Tesla's
We know Americans are addicted to SUVs so if they can afford it will choose one of GMs larger offerings.

Again, I think the EV industry will get hammered with the loss of Tax Credit (how can it not?) unless Tesla low cost offering hits the market and GMs Bolt at the same time get accepted by many. Still gasoline will be favored by many and now they can deduct the interest on their auto loan, not just EVs but gasoline too. The new federal budget is also more gasoline friendly now.

I love watching this all unfold, FINALLY and I really am neutral but just posting my honest thoughts. However we have another 7 months or so to know for sure. (meaning 4th quarter results.
 
How can I tell if our new car is an EV or not? It has a 14 epa rating, uses premium, and 6.2 liters. If we pick it up in August (getting produced last week in July), can we get the $7500? 🤔. I’m the guy Bob Dylan said are among us. I feel that life is but a joke
 
My feeling are they are all on the same playing field. EV adoption will be how much of America endorses it.

Right now I dont see Tesla succeeding. Sales, market share and profit margins getting hit and will be more severe in the last quarter of this year when the tax gift goes away. Also last year they made over $700,000,000 in carbon credits, that is going away too.

I think more promise for GM (if all things stay equal) because they offer many more models then realistically two small Tesla's
We know Americans are addicted to SUVs so if they can afford it will choose one of GMs larger offerings.

Again, I think the EV industry will get hammered with the loss of Tax Credit (how can it not?) unless Tesla low cost offering hits the market and GMs Bolt at the same time get accepted by many. Still gasoline will be favored by many and now they can deduct the interest on their auto loan, not just EVs but gasoline too. The new federal budget is also more gasoline friendly now.

I love watching this all unfold, FINALLY and I really am neutral but just posting my honest thoughts. However we have another 7 months or so to know for sure. (meaning 4th quarter results.
What I think is crazy I feel so many don’t put their money where their mouths are. A local firehouse built it with non union labor.
These three guys inflated a giant rat. They were dressed for golf and arrived in an Acura MDX. Go figure.
 
Same, but we have a great one - Tesla. They even make their own batteries here. My hope is they continue to succeed.

I don't know what is in store for the Big 3 and EU automakers.
Not great to me. 😛

Those are the worst at wannabe spaceships. Maybe if they came out with Tesla Versa or something then I'd be interested!

I've asked AI for some help ... Tesla model 1? I know they are working on a model 2 but it's going to be a spaceship.


1751994329799.webp

Mayyyyyyyyybe it doesn't need a manual transmission, but the analog interior is much better
1751994488452.webp
 
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Not great to me. 😛

Those are the worst at wannabe spaceships. Maybe if they came out with Tesla Versa or something then I'd be interested!

I've asked AI for some help ... Tesla model 1? I know they are working on a model 2 but it's going to be a spaceship.


View attachment 288509
Mayyyyyyyyybe it doesn't need a manual transmission, but the analog interior is much better
View attachment 288514
If the goal is a seamless transition from PS5 to the actual road, EVs are pretty good, and only getting better.
 
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