[Normal]

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

[Stu from NYC]

Good

[fdpaq0580]

Originally Posted by Stu from NYC

Good

riddance!

[Shipping up to Boston]

Originally Posted by Normal

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

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

[tophcfa]

Originally Posted by Normal

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

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?

[Bill14564]

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.

[biker1]

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

Originally Posted by Normal

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

[Caymus]

Originally Posted by Normal

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

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

[Two Bills]

Originally Posted by biker1

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

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

[Shipping up to Boston]

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

[Normal]

Originally Posted by Shipping up to Boston

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 including electronics and batteries. Only 22vehicles made the tax credit cut.

[MorTech]

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

[Kelevision]

Originally Posted by Normal

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

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!!

[biker1]

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.

Originally Posted by Normal

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

[Cliff Fr]

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