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2023 tax credits for EVs will boost their appeal

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Posted By: GustoGrabber, 12/30/2022 6:45:34 AM

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions. But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year. For at least the first two months of 2023, though, a delay in the Treasury Department’s rules for the new benefit will likely make the full credit temporarily available to consumers who meet certain income and price limits.

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Reply 1 - Posted by: Msquared112 12/30/2022 6:58:36 AM (No. 1367247)
The only things that will “boost the appeal” of EVs are lower prices, and refueling that takes no longer than filling the tank with gas. And charging stations as common as gas stations. Oh, and parts that don’t cost tens of thousands of dollars to replace. And well, reliability is a thing. And batteries that don’t catch fire, you know, the thing.
33 people like this.

Reply 2 - Posted by: mifla 12/30/2022 7:01:51 AM (No. 1367248)
I wouldn't take one if it were free.
36 people like this.

Reply 3 - Posted by: franq 12/30/2022 7:04:54 AM (No. 1367252)
The proper term is government subsidy, and you and I are paying for it.
27 people like this.

Reply 4 - Posted by: EJKrausJr 12/30/2022 7:05:53 AM (No. 1367253)
The authors are totally wrong. If and only if when you need a charge of your EV, the charge takes as long as filling up the gas in your car, will EVs be practical. If and only if there is such a charging capability on every block as there are gas stations, will EVs be practical. If and only if the batteries on an EV last forever and don't require replacement every 10 years, will EVs be practical. If and only if EVs dont cost an arm and a leg will EVs be practical. If and only if the electrical grid is upgraded to be able to handle the constant filling up the charge on an EV, will an EV be practical. Right now EVs are Don Quiote vehicles.
22 people like this.

Reply 5 - Posted by: F15 Gork 12/30/2022 7:14:56 AM (No. 1367260)
Student loan forgiveness, subsidies, and tax credits for an EV have one thing in common.....the shifting of debt from losers to producers.
28 people like this.

Reply 6 - Posted by: hoosierblue 12/30/2022 7:31:27 AM (No. 1367269)
Now they are reading the bill they passed and we finding out what is in it.
12 people like this.

Reply 7 - Posted by: homefry 12/30/2022 7:36:16 AM (No. 1367272)
Back in carter days the gubmint did something similar with solar heat for personal homes. gubmint would give a 65% tax credit to anyone who bought one for their home. They cost thousands of dollars and were not worth squat, I know, I tried to sell them. It was the only job I could find back then. It was a multi teired scam. To start with, they were useless. Secondly, they were impossible to sell except to friends neighbors and family so the deal was, they would hire sales people and after these people sold to anyone unlucky enough to be talked into it, they were through, they would never sell another at which point the "employer" would just find another person who was desperate for a job.
13 people like this.

Reply 8 - Posted by: Bur Oak 12/30/2022 7:37:52 AM (No. 1367275)
Rich electric vehicle owners getting subsidized by middle class taxpayers and their descendants by the command of rich politicians. Remember this when you pay your utility bill, buy high tax gas, and buy groceries.
19 people like this.

Reply 9 - Posted by: Strike3 12/30/2022 7:47:44 AM (No. 1367286)
If I wanted to store an incendiary bomb beside my house I would build one. Keep your money, Brandon.
14 people like this.

Reply 10 - Posted by: downnout 12/30/2022 7:50:12 AM (No. 1367287)
Wait until they find out how cold weather reduces the battery range.
18 people like this.

Reply 11 - Posted by: NamVet70 12/30/2022 8:04:40 AM (No. 1367299)
The global warming hoax is a scam and EV tax credits are taxpayer subsidized virtue signalling for the "elites".
15 people like this.

Reply 12 - Posted by: Californian 12/30/2022 8:10:08 AM (No. 1367304)
I know you all hate EVs but facts are facts. Charging: it takes about 20-30 minutes to charge my EV at a station vs 5-10m for my gas car. However, cost per mile is much cheaper than gas, and I can charge at home so I never have to run out to fill the tank like I do with my gas car. I own both and they're just different. One could argue gas cars are terrible because you can't fuel up at home. These are all silly arguments.
1 person likes this.

Reply 13 - Posted by: rayscain 12/30/2022 8:27:26 AM (No. 1367319)
When will we see the Pros and Cons of owning an EV? What will happen when we have a hurricane and are ordered to evacuate? How in the world can you take time to charge up your EV when there are thousands of cars on the road? How about a blizzard? What does the EV Battery do to the environment when it is no longer useful? How about the brown outs and black outs that happen every summer ?
17 people like this.

Reply 14 - Posted by: udanja99 12/30/2022 9:05:31 AM (No. 1367338)
That $7,500 won’t come near to paying for a new battery when the factory installed one dies. And it will be a mere pittance in trying to replace the EV after it has caught fire and burned down your garage and maybe your house.
12 people like this.

Reply 15 - Posted by: bad-hair 12/30/2022 9:24:26 AM (No. 1367351)
Saw holiday travel video with cars lined up at a charging station. 20 deep. At 30 minutes a charge the guy at the back of the line will be there 10 hours. I love my gas pump.
16 people like this.

Reply 16 - Posted by: Safari Man 12/30/2022 9:30:11 AM (No. 1367357)
EVs are powered by fossil fuels
16 people like this.

Reply 17 - Posted by: spacer 12/30/2022 9:37:47 AM (No. 1367363)
#12....are you saying you can fully charge your coal fired ev in 20 minutes at a charging station??? What car is it you drive. This is great news and might change my mind about coal fired evs.
8 people like this.

Reply 18 - Posted by: Knotwyrkin 12/30/2022 9:48:25 AM (No. 1367373)
How about an electric car that can run and charge in cold weather?
8 people like this.

Reply 19 - Posted by: hershey 12/30/2022 10:19:24 AM (No. 1367393)
Yep, that tax credit is going to make a huge difference when the owners have to replace a $15k battery....
8 people like this.

Reply 20 - Posted by: mc squared 12/30/2022 10:21:00 AM (No. 1367400)
If people were clamoring for them there wouldn't need to be tax subsidies. I don't want one, so why to I have to contribute to someone else to buy one?
12 people like this.

Reply 21 - Posted by: h24015 12/30/2022 10:56:58 AM (No. 1367441)
And when they take the $7,500 tax credit away, the prices of EV will magically drop $7,500.
10 people like this.

Reply 22 - Posted by: paral04 12/30/2022 11:11:32 AM (No. 1367457)
How is making more money available going to reduce inflation? Those EV tax write off's have been around a while. The rubber hits the road when you need a new battery or there is no available power to charge those things.
5 people like this.

Reply 23 - Posted by: clipped wings 12/30/2022 11:53:46 AM (No. 1367504)
No one has posted stats about how many people froze in EVs during the recent frigid weather.
9 people like this.

Reply 24 - Posted by: DVC 12/30/2022 3:27:49 PM (No. 1367646)
I'd take one if it was free, and then immediately sell it to a sucker. Otherwise, I'll never have one of these stupid monstrosities.
4 people like this.

Reply 25 - Posted by: DVC 12/30/2022 3:33:07 PM (No. 1367647)
NOTHING can cover up the fundamental, unfixable, permanent problem with EVs. The problem is that batteries take a long time to "refuel" and gas tanks take a short time. And the bigger your battery (attempting to get range) the longer it takes to recharge! Think of an EV as a car with a 2 gallon gas tank that must be refueled through a straw. It might be a great vehicle, but even if you buy the SUPER SIZED 3 gallon gas tank version, you still have to fill it through a straw at a "supercharger" station. At you home, you fill it with an eyedropper. Hopeless, functionally, entirely aside from the major problems of extreme cost and ........a VERY expensive battery that WILL fail, guaranteed in a few years. $24,000 was what I heard the smaller size Tesla battery costs. My gas tank lasts essentially forever, and a new one, if somehow it was damages is maybe $200. EVs are hopeless.
6 people like this.

Reply 26 - Posted by: nerdowell 12/30/2022 6:05:12 PM (No. 1367700)
For the first time in my life, I'm considering an EV. It would have to be a Tesla. My wife and daughter say I drive like Mr. Magoo anyway, so I doubt I'd experience any frustrations. I'm told they are very quiet and I'd install a big-oz stereo and keep it turned up to 11. I could't figure out how the electric grid could meet the demand of all those electric cars charging overnight. I like staying up late and constant brownouts would become a serious quality of life issue. Recently though, I came up with the solution. It's simple; provide a generator for every car. Honda makes good ones I hear.
2 people like this.

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