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.
It’s not gonna make a huge difference, they have been inflating msrp because of the rebates anyway. Now we will see the true cost of ev.
This was always my gripe with these credits. They were just a subsidy for car manufacturers and dealers. The consumer didn’t save a penny.
Which caused the manufacturer to want to sell more and pivot to marketing and manufacturing them more as they had a bit of an extra margin.
It is what was and probably still is needed, tapering off is a better idea but America doesnt accept those.