EV Tax Credit Likely to End Dec. 31, Effectively Increasing Prices Up to 28%. See How Popular EVs are Impacted. - FuelArc News
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The “One Big Beautiful Bill Act” has passed the House of Representatives, despite having a name that feels like I dreamt it up for a comedy skit. Assuming the bill passes through Senate unmodified, that means big changes for EV and PHEV buyers in the USA. Among other things, this congressional budget bill marks the […]

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.

It’s hard to imagine any way this doesn’t throw a huge wrench into the adoption of sustainable car technology for the USA.

Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.

  • jqubed@lemmy.worldEnglish
    14·
    1 day ago

    It’s hard to imagine any way this doesn’t throw a huge wrench into the adoption of sustainable car technology for the USA.

    I think that’s goal

    • KayLeadfoot@fedia.ioOP
      13·
      1 day ago

      7% of our exports are currently vehicles (about $145b annually), that will dwindle to nearly nothing as ICE vehicles become a legacy side-show to EVs and PHEVs :,|

      That’s to say nothing of serving our own market, and the pride of having Americans at work building brilliant and cutting edge things.

      GUH, I GOTTA STOP READING THE NEWS.