Adios Chinese EVs
 

Great news! Chinese EVs don’t qualify for 7,500 tax credits anymore! EVs made with Chinese parts are now disqualified by the IRS. Finally something good comes out of our tax dollars. Phase that junk out of our country.
https://www.msn.com/en-us/news/polit...dy/ar-AA1o5GNV

Good

riddance!

They’ll still have a presence on the roads. Disqualify from tax credits not production of or sale of. That would be the ballsier direction

It’s a good first step, but it would be way better if ALL EV tax subsidies were eliminated. If EV’s can sell solely based on their stand alone economics, then they have a useful place in the marketplace. Forcing sals based on taxpayer subsidies and government mandates creates inefficiencies and diverts important private research and development dollars away from potentially better technology alternatives. And why should taxpayers that prioritize vehicle range and performance (towing capacity, 4WD, ground clearance, etc…) have to subsidize the EV crowd?

Protectionism via an inverse tariff. Good for the EV haters and good for the China haters but bad for the consumer.

My prediction (FWIW): Prices will remain high or even increase.

There aren’t any Chinese EVs for sale in the US. There are Chinese batteries in some EV brands.

They will probably just make them in Mexico. It's hard to imagine that the average American can afford a UAW made EV.

Please stop ruining threads with facts. Spoils a good rant!

The vehicle itself no....but the graphite and other minerals for the batteries are from China....and the Treasury Dept. is allowing 20% of EV equipped with said.....and their owners, access to tax credits. They will have a presence in the US for the foreseeable future. It’s semantics....without the batteries, an EV is just a fancy planter in the yard. Would love to see Appalachia enabled to convert coal into graphite to bring jobs back home and truly eliminate foreign production altogether....but, that’s a pipe dream

No Chinese Parts
 

No Chinese parts including electronics and batteries. Only 22vehicles made the tax credit cut.

Great! now we all get to buy overpriced garbage produced by know-nothing MBA fraudsters, DEI incompetents, and Union parasites! :)

There aren’t actually Chinese EV’s…Ford has cars on the “don’t qualify” list. It’s good that Ford will have to use non Chinese made parts and now raise the prices of the cars. But yay!!

Not exactly. The "rules" for foreign (specifically FEOC) mineral content in batteries were just relaxed for a couple of years so the list of cars that can qualify for the $7500 tax credit does not go to zero. It appears that this may very well be challenged in court, as it should since it is a reinterpretation of the original bill and usurps power from Congress.

They have so much markup that they can easily lower the price of their evs by $7500

A Chinese electric car maker announced at a Chinese auto show last week that its new battery can be charged enough in ten minutes to go about 350 miles, and with a full charge—thirty minutes—over 600 miles. If our cars could actually do that, sales would explode. However, I think I read that the Chinese government is subsidizing Chinese electric cars about $15,000 each to establish the market. I wonder if Elon Musk actually went to China last week to license that technology.

We should not give out $7500 tax credits to any EV owner. This is a rip off. We also subsidize EV owners in road maintenance since these moneys come from tax on gas. Then we probably subsidize superfund toxic landfills to discard these EV toxic batteries when they need them 8-10 years down the road. We also pay for building the EV charging infrastructure. I don’t want my tax dollars going for this, have every EV owner subsidize this, I don’t want them and I will never need them, so I shouldn’t pay for them.
All EV owners need to pay their fair share of road maintenance, and the costs of the new charging stations across the country. It costs way more for an EV, and with these extra costs, nobody would look at buying an EV.

The $7500 is only valid if you owe the feds that much. If you do, you will be paying a penalty and will have to make estimated payments going forward. It is BS. I have owned an electric vehicle, it is really cool but to propose that it can replace the ICE is utter stupidity proposed by stupid people. Car manufacturers got the money from the government and lost their shirts because in capitalism, the market drives innovation and the administration should not and cannot replace that. Never let facts get in the way of your convictions.

A majority of the states charge an EV registration fee to make up for the gasoline tax they aren’t paying (to support road maintenance). Those states that don’t currently do this will undoubtedly do it in the future. Recycling infrastructure is being built out to support the recycling of EV batteries, just as it was for the lead acid batteries in gas cars. You have little say on what your tax dollars support. For example, your tax dollars supported gain-of-function research in China and supports mortgages in the US. Get used to it, if you haven’t already.

I'm sorry, but your facts are WRONG.

The Tax Credit is immediately available and transferable and can be used as a down payment when buying an automobile.


The IRS Just Made It Easier To Benefit From The EV Tax Credit – Forbes Advisor

Different Rules on Safety
 

They play by a different rule book. Their cars aren’t as safe as cars constructed to US standards. Chinese drives have increased risk of fires and deaths from crashes. Significant upgrades that require additional weight, time and money hamper our system for the better? I willing to wager litigation against Chinese makers in China by Chinese citizens isn’t nearly as easy as our hamstrung legal system here in the US.

I try to be careful when criticizing China exports in general...at least on morals and to a lesser extent, safety....because I believe we all are compromised and a bit hypocritical. This story, while well over a year old, shows that we’re part of the enabling process......start with smartphones and tablets which most of us use to participate in this forum and this thread topic....and work your way down the list. So if safety is the main concern, we have a lot of work to do

U.S. Trade With China Actually Increased Last Year: Here Are The 10 Top Imported Items

Paid by the taxpayer....

Hard to believe anything union made could be affordable.

When most of this demo was buying US...Union built...products, cars included, didn’t seem to be an issue. Now that the economy is shaky and we have had no problems buying and supporting Chinese based products made by workers making a pittance and in less than desirable conditions....for decades. Of course it costs more for union built products.....better wages, benefits, workplace safety and IMO product safety. So my earlier comments are based on our daily reliance on the very items we all use...that originate in China. The steel used for new commercial construction, your Nike’s, your smartphones....pharmaceuticals and on and on. I’m personally fine with paying more, using union labor and keeping manufacturing and jobs....here. Remember, you get what you pay for in life. Doesn’t always mean it’s better but you at least can control most of the narrative

All Chinese cars that would be sold in the USA would meet the minimum standards required by the NHTSA. Their EVs would be sold at a price so low that Tesla could not match for similar standards. They are having significant success in Europe.

China's electric carmakers take on Europeans on their own turf : NPR

If the Chinese are ever allowed to dump their EVs into the USA without major tariffs then the Tesla stock price will collapse.

Ford is losing money on EV's. Are they dumping?;)

From article I read Ford and GM will probably moving assembly to Mexico within decade. Tired of UAW demands when Honda, Toyota, BMW, and other foreign manufacture in USA don’t have to eat with UAW.

Ford and everyone else is losing a small fortune on EV's. They have no choice but to make them & them dump them. Without EV's, they can't meet CAFE requirements.

Why should the oil companies get %1 Trillion in subsidies? Why someone who had the same job as I did but had 4 kids get a $8,000 income tax deduction? Why should I have to pay for the schools? Why should I pay for VA hospitals? I was in the military and I understood it was a voluntary decision to join… Why should I be treated any different?
Why Why Why..........

You kind of do not understand the student loan debt issue. First, the government isn't paying off anything. If a student took out $100,000 in loans that student has paid that $100,000 back.... it's the extra interest is occurred after 10 years of payment on a federal loan that the federal government is forgiving. Again it does not cost in the US government one penny.

Polestar, Volvo's electric car division is owned by a Chinese company that makes it a Chinese company

I am not a globalist nor do I try and buy imports. I will pay more for American made products. I believe Unions had their times, but they are the ones that have driven the prices of goods to where American manufacturing went out of country. I have worked in many American factories and have been laid off due to off shoring. I have never been union. American union workers were given GM during the 2008 recession. They were the reason for Japanese cars coming to and taking over the industry during the 70's and 80's. Yes, automakers were part of the reason as well. There are always two sides to economics, supply and demand. I don't go to Walmart either. I look for American made first, Japan next, Mexico, and so on. I will take any product made elsewhere over Chinese made. Your comment on shaky ground is a false narrative. We have been on shaky ground before. I am not going to convince you to my side nor will you convince me to come to your side. Debate is good as longer as there is willingness to listen and learn from both sides.

I'm afraid that's not an accurate statement.

The USA operates on a Deficit Budget, which means every dollar it spends, has interest attached to it (it cost money to borrow money).

A Student Loan is not much different than a Mortgage Loan. You borrow the "principal" (which has already been borrowed by your lender). You pay back the Principal & the Interest, over 30 years ... just like a student loan.

There is no such thing as "extra interest".

The US Government BORROWED the money they gave out for student loans and has been paying interest on that money, since the student borrowed it from them. "Forgiving Loans/Interest" cost a fortune.

If you have any doubt, call your bank and ask them if they'll "forgive" the interest on your home mortgage. Let me know how you make out.

You kind of don't understand payment by the Government of the interest. It is not going to be written off. Too many places will go out of business, this Government will pay the interest. It will cost the taxpayers trillions of dollars to fix the issue. Same thing happened with mortgage industry. Government is not a good business person.

It’s a fair rebuttal. I actually like your Top 3 for similar....lesser evil mindset

I am sorry you do not understand how this program works. Your home mortgage comparison is apples to oranges. "not much different" as you put it IS different. A bank is a for profit entity.
1. Not every student loan qualifies. 2. the student loan has to have a minimum of 20 years payback history. 3. 100% of the principal must have been repaid. 4. The Government BORROWS the money at a lower rate than it charged for the loan. Translation: the government made money on the loan (Profit). In these cases...20 years of profits! 5. The government is only forgiving future profit from the future interest.

Boston shipper: All good! I love debate! Just not arguing. Those days of reasonable debate are dwindling, unfortunately. Have a great day!

They could if they made them with Chinese parts and produced them in Mexico(giant sucking sound). I am not sure what the tariffs would be if they were built in China.

PEROT GIANT SUCKING SOUND
https://www.youtube.com/watch?v=W3LvZAZ-HV4

Love H. Ross Perot references! My favorite (arguable on who the intended recipient was...) “You couldn’t work the overnight shift at a Dairy Queen”! Obviously in his endearing Texas accent!