Government Subsidy

Biden triumphantly put a $7,500 credit out there for electric vehicles. This caused Ford to increase the price of its electric pickup by $7,000 to $8,500, while Chevy added $6,250, to its electric Hummer. Piling another $7,500 of debt onto the taxpayers for each vehicle. So there’s a double whammy of inflation. Another self-inflicted wound. And by the way these vehicles will consume huge amounts of energy due to their weight – 6,000 lb for the Ford and a staggering 9,000 lb for the Hummer. These vehicles are on the wrong side of the curve – heavy to start with, they need lots of heavy batteries which make them even heavier in a vicious circle.

Edit: According to the industry group, Alliance for Automotive Innovation, “there are 72 EV models currently available for purchase in the United States including battery, plug-in hybrid and fuel cell electric vehicles. Seventy percent of those EVs would immediately become ineligible when the bill passes and none would qualify for the full credit when additional sourcing requirements go into effect. Zero.” So, Ford and Chevy, I take it back. But I still think these massive trucks are a bad idea.

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