'Critics say EV buyers tend to be wealthier & do nod need subsidies'
https://ivn.us/2017/11/02/teslas-22-billion-liability-problem-growing/ Trump’s Tax Plan Removes Electric Vehicle Credit Nov 2, 2017 Jeff Powers [video flash / CBS News] It’s been a rough quarter for Tesla. The carmaker announced this week a quarterly loss of $671 million and now, quietly, experts are growing concerned with the direction and future viability of the company. Last August Tesla began production of its Model 3. The first mass-marketed sedan for the company was touted as a “game changer.” At the time, CEO Elon Musk said there should be “zero concern” about Tesla’s ability to increase production to 10,000 cars per week at some point in 2018. That pipe dream is over. On a conference call this week, Musk said the moving target of making even 5,000 Model 3s per week is not in the cards. He said, “We dropped the ball and did not realize what was dropped until quite recently.” Tesla attributed the slow production to difficulties with producing battery packs at their “Gigafactory.” It should also be noted the company laid off 700 assembly line workers recently. And now, adding to those concerns, President Trump’s new tax plan. Federal Tax Plan Removes EV Credit The electric vehicle (EV) tax credit is a huge incentive for automakers like Tesla and their customers. The White House’s proposed tax plan removes that federal credit. The (EV) credit is a huge draw for consumers as subsidies pay for a pretty good chunk of the price of the car. Now, consumers will need to decide if they want one at a higher price, should the GOP tax plan passes through Congress. The EV credit runs from $2,500 to $7,500 per vehicle. In some states like California, and as noted in this story on IVN, Tesla gets a massive subsidy from California taxpayers. It appears the state anticipated the elimination of the federal subsidy, and is poised to foot that bill to taxpayers. That could already be happening, as the state passed a .12 cent a gallon gas tax. It’s likely a portion of those dollars will be used to subsidize Elon Musk and Tesla. [© ivn.us] https://www.thestreet.com/story/14373413/1/republican-tax-bill-proposes-elimination-of-7-500-electric-vehicle-credit.html Republican Tax Bill Proposes Elimination of $7500 Electric Vehicle ... Nov 2, 2017 Under the House Republicans proposed tax bill, the $7,500 tax credit owners of electric vehicles can cash in on could disappear. Under current law, automakers can offer the $7,500 credit for the first 200,000 plug-in vehicles it sells. After that, the tax credit phases slowly out ... ... http://www.11alive.com/article/news/nation-now/7500-electric-car-tax-credit-goes-away-under-gop-plan-not-good-for-tesla/465-62069fb4-914d-4a58-a166-7be702abc1d5 $7500 electric car tax credit goes away under GOP plan. Not good ... November 2, 2017 The House Republican tax plan would ax the tax credit for electric-vehicle buyers, dealing a blow to the ambitions of Tesla and other battery-car makers as they ... ... http://www.straitstimes.com/world/united-states/us-house-republicans-propose-to-scrap-us7500-electric-vehicle-credit US House Republicans propose to scrap US$7,500 electric vehicle credit Nov 3, 2017 WASHINGTON (REUTERS) - House Republicans are proposing to eliminate a US$7,500 (S$10,200) tax credit for electric vehicles that could hurt automakers hurt automakers like General Motors Co, Tesla Inc and Nissan Motor Co that are selling larger numbers of vehicles ... ... http://thehill.com/policy/energy-environment/358446-gop-tax-bill-ends-electric-vehicle-tax-credit-overhauls-other GOP tax bill ends electric vehicle tax credit, overhauls other energy taxes 11/02/17 A massive GOP tax-reform bill would end a $7,500 credit for the purchase of electric vehicles and overhaul other energy-related provisions within the tax code ... https://www.google.com/search?q=Koch+Kool-Aid+inebriation Koch Kool-Aid inebriation https://www.google.com/search?q=Koch+Kool-Aid+Intoxication ... [dated] https://www.nrdc.org/experts/franz-matzner/warning-koch-kool-aid-impairs-ability-perceive-reality Warning: Koch Kool-Aid Impairs Ability to Perceive Reality. March 28, 2014 Black is white. Left is right. Up is down. Clean energy jobs and ... For EVLN EV-newswire posts use: http://evdl.org/archive/ {brucedp.neocities.org} -- Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/ _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)