Biden Wants Extra Incentive For Union-Built Electric Cars—Which Would Exclude Teslas

[Red61224]

Who in here is CT2 or CT3 and would switch to CT1 if CT1 cost $30K with incentives? I think I would.

Sorry, my mind is made up on the C3, I have been studying EV's for many years and this is what I have been waiting for. I want ALL the bells and whistles.

 

[jhogan2424]

Who in here is CT2 or CT3 and would switch to CT1 if CT1 cost $30K with incentives? I think I would.

I just wouldn’t be able to use it. I think it would lose a lot of appeal for others too.

Are you able to spend more?

Everyone here is here without incentives.

lol nope. I was planning on starting a gofundme page so other people would buy it for me. I thought about getting a job but much easier on me if I can get others to chip in and buy it for me.

 

[Red61224]

President Joe Biden discusses his plan to boost sales and production of electric vehicles.
WHITE HOUSE

President Joe Biden’s plan to accelerate U.S. sales of electric cars and trucks to 50% of all new vehicle purchases by 2030 could include more generous customer incentives of as much as $12,500. But those made by Tesla, the biggest seller of battery-powered autos, wouldn’t qualify for that maximum amount as its U.S. assembly facilities don’t use union labor.

At a briefing on the White House lawn on Thursday, Biden was introduced by a United Auto Workers union official, and joined by General Motors CEO and Chair Mary Barra, Ford CEO Jim Farley and Stellantis COO Mark Stewart. All three companies rely on UAW employees. Notably, Tesla, the fourth-biggest U.S. automaker by sales volume—but which doesn’t have UAW representation for its workers—was absent from the event. Prior to the event, Elon Musk tweeted that it “seems odd that Tesla wasn’t invited.”

During the briefing Biden endorsed a proposal from two Democratic Senators, Ron Wyden of Oregon and Debbie Stabenow of Michigan, that would extend $7,500 federal tax credits that were enacted more than a decade ago (and that have already ended for buyers of GM and Tesla vehicles), and add more enticements for vehicles produced in the U.S. and by union workers.

Getting EV sales to grow “means purchasing incentives for consumers to buy clean vehicles, union-made, right here in America,” Biden said. He wants Congress to approve the proposal from Stabenow and Wyden that provides “a $7,500 basic credit, a $2,500 credit for vehicles made in American and an additional $2,500 credit for union-made vehicles.”


That extra potential benefit for buyers would also be a big help to GM, Ford and Stellantis’ Chrysler, Jeep and Dodge brands as the traditional U.S. Big 3 automakers prepare to dramatically expand their battery-powered vehicle lines. Even if the union-oriented incentive doesn’t make it into law, any expansion of federal support for electric vehicle sales, combined with the Administration's plan to get 500,000 new public EV charging stations built across the country, could dramatically boost demand for them.

Shifting the market over the next nine years away from petroleum won’t be easy, even with incentives and more charging stations. So far in 2021, battery-electric vehicles accounted for just 2.2% of new vehicle sales in the U.S., up from 1.4% in the first half of 2020, Edmunds estimates.

The “Clean Energy For America Bill” that’s making its way through the Senate provides incentives only for electric vehicles that sell for less than $80,000, and makes them available for customers until the 50%-market share goal is achieved. If approved, Tesla’s Model 3 and Model Y, and potentially its Cybetruck, would qualify for incentives of up to $10,000. The company’s high-end Model S and Model X would not.

Tesla didn’t respond to a request for comment.

Ford’s Mach-E crossover is currently built in Mexico, though the company plans to produce its highly anticipated F-150 Lightning electric pickup at the Rouge Electric Vehicle Center. GM builds the electric Bolt hatchback at its Orion, Michigan, plant and is preparing to expand production of future EV models at its Factory Zero in Hamtramck, Michigan, and in Spring Hill, Tennessee.

The UAW has yet to convince enough employees at Tesla’s Fremont, California, plant—which was a union facility for decades in its previous incarnations as a GM plant and then a joint-venture factory shared by Toyota and GM. Musk has also opposed unization of the plant. In March the National Labor Relations Board ruled that the billionaire entrepreneur violated U.S. labor law by firing an employee at Fremont who advocated for the UAW and for a tweet that seemed designed to discourage workers from joining the union.

“Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing?” he tweeted. The NLRB also ordered the world’s second-wealthiest human to delete the tweet. He has yet to comply with that request and is appealing the ruling.


Just before the start of Biden’s briefing, Musk shared his views about not being included at the event with a meme saying: “I’m not saying it is sabotage. But it is sabotage.”




https://www.forbes.com/sites/splunk...how-leaders-stay-competitive/?sh=36bc382a66c0

Well just goes to prove Former Senator Biden is in it for the mileage and not the principle.

 

[Luke42]

Who in here is CT2 or CT3 and would switch to CT1 if CT1 cost $30K with incentives? I think I would.

The range of the CT3 is necessary to replace how I use my existing truck.

If I used my truck differently, though, then the CT1 would be a possibility. Maybe a $30k CT1 could replace my wife's Civic, given our usage pattern. But that's her call.

 

[Pete70123]

I would consider the CT1 and then get the Model 2. Would probably run the same price as CT2 with the incentives and I would have a smaller car when going into the city.

 

[John K]

I am more interested in the under 40k threshold, which companies are they meant to benefit?

 

[Diehard]

I am more interested in the under 40k threshold, which companies are they meant to benefit?

The companies that are willing to reduce production cost and overhead. At first they may just have to give you less of everything. Bad materials, less range but competition will make them more innovative and eventually you get more of what matters for your money. In the beginning the companies that are already value oriented probably do well.

 

[Sirfun]

Who in here is CT2 or CT3 and would switch to CT1 if CT1 cost $30K with incentives? I think I would.

There's a sneaky part these politicians aren't letting the public understand here.
In order to get a $10,000 tax incentive break, you have to owe that much or more in taxes that year. So for example, last year I bought a Chrysler Pacifica PHEV that was eligible for the $7500 fed incentive. My taxes for last year were not even close to that amount. So I did get to right off all my taxes last year, but it didn't cost the fed gov. $7500 in lost revenue.
This sounds like they're playing games like that with these new rules. Only vehicles under $40,000, and the person can't have made over $100,000 that year. So, they're saying they're giving all these huge incentives, but it won't actually work out to nearly that much for most people buying those vehicles.
With that in mind, I personally wouldn't be paying $30,000 for a CT-1, probably somewhere around $36-$37K. So I'd still rather buy a CT-2.

 

[Ogre]

Who in here is CT2 or CT3 and would switch to CT1 if CT1 cost $30K with incentives? I think I would.

I might. It would be change the calculus for certain.

 

[Ogre]

I am more interested in the under 40k threshold, which companies are they meant to benefit?

Tesla and Ford most likely. They are the companies that make sub-40k cars people actually want to buy. But mostly Tesla. Nobody else really makes much profit on their EVs right now.

The Model 3 SR Plus is right under this window and will fly out of the showroom. It's flying out of the showroom without incentives. With a long term incentive, Tesla with push out their $30k car and the Cybertruck single. That would put 3 Teslas under the $40k sale price.

 

[CyberGus]

Honestly, I'd rather they drop the incentives altogether and instead install 100,000 chargers. Offer subsidized/free DCFC in inverse relation to purchase price. And tax TF out of gas.

 

[Crissa]

Honestly, I'd rather they drop the incentives altogether and instead install 100,000 chargers. Offer subsidized/free DCFC in inverse relation to purchase price. And tax TF out of gas.

Far more money was in this bill for chargers, so there's that.

I did order a sngle-motor Cybertruck, but I want FSD.

-Crissa

 

[DallasEd]

Check Your Guns at the Door Meeting
Ok
EVs hate UAW and UAW hate EVs. Ford gm Chrysler are UAW and UAW know EVs are to easy to build and reduce labor to build by 75%.
so
Bidden is very wise and would never allow Tesla a EV company in the same room with UAW.
Again
It is not like UAW are associated with Ford gm Chrysler No Ford gm Chrysler are UAW.
Last
It would be crazy stupid for Bidden to ever have a meeting with Bidden and Tesla and UAW.
Well that is no really true but I would have dozens of EMTs and ambulance idling and ready to roll.

Check Your Guns at the Door Meeting