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Tuesday, August 16, 2022

Here’s why most EVs won’t qualify for new EV credit

The Inflation Reduction Act now approaching final approval in Congress includes a well-intended tax credit of up to $7,500 if you purchase an electric vehicle.

The goal, of course, is to make it more affordable for people to switch to environmentally friendly vehicles as part of efforts to battle climate change.

But, Washington being Washington, lawmakers wrote the law in such a way that most EV buyers won’t qualify for the assistance.

12 comments:


  1. >...to get the full $7,500 credit, the high-tech battery used in your EV must be built in North America with minerals mined or recycled on the continent.

    what a shame that Bill Clinton locked down America's largest reserve of lithium and rare earth metals and made it federally protected land, prohibiting mining. I'm sure there was a good reason.

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    1. The millions in gifts the chicoms gave him?

      Exile1981

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  2. The article makes out like it was a missed opportunity, but I'm wondering if someone didn't sneakily put in some poison pill just to tweak the liberals in their electric golf carts. Seems to me that spiking that will piss off a lot of liberals when they buy their car but don't get any rebate.

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  3. More domestic 'production' with the left and their EPA fighting tooth and nail against it. That means all the money will be left for pet projects, like giving money to special interests who will send money back to democrat election coffers.
    Well planned, but that's what professional criminals do.

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  4. I'm going to buy two EVs. One to shit on and I'm going to use the other one to cover up the shit.....

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  5. It's past time to fire Congress. Majority are parasite grifters. That's enough damage!

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  6. Criminals run this country.
    Our enemies run amok within.
    Inflation Reduction Act is a big Fuck America Again Act.
    They're taunting the population willfully. The grift and corruption is clear.
    A thousand points of light for them, how many points of light do We, The People have in response?
    Shine a light and fuck these guys.

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    1. The Inflation Reduction Act is just a Democrat President's tradition; to pass a massive tax-and-spend program while trying to take citizen's guns away.

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  7. It's such a coincidence that Dodge and Ford just announced a $6000 to $8500 increase to the cost of some of their electric vehicles.

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  8. I worked in a shop where we used raw elements on a daily basis. We got most of our cobalt from either Zambia, from a company called Zambezia, or from Canada, from a company called Inconel, which is a nickel based investment cast melting company. They made super alloys for jet engine parts, and underwater systems, as well as other uses, such as natural gas and others.
    That company was bought by the same corporation that bought my old company. The whole bunch was eventually bought by Berkshire Hathaway, of Warren Buffet fame.
    One thing that is interesting about both pure Nickel and pure Cobalt, is the fact that they both are just as magnetic as Iron. You can put a magnet on any one of the three and it will pick them all up, with the same amount of pull. But for Ni and Co, the elements must be pure, while iron (Fe), can be unpure with additions making it steel, and unless there are enough of the right elements added to make it a 300 series, such as 303, or 304, it will still be magnetic.
    Tesla did give a 2 billion dollar commitment to company in Nevada that is beginning to mine Lithium, and here in Michigan, as well as Oregon, the do mine some nickel. But for the most part, the U.S. relies on other nations for their raw elements for steel making and other uses for elements, such as in vitamin making, industrial processes, paint, and even cosmetics.
    I had seen time and time again the price of certain metals, like cobalt, or chrome, skyrocket, due to tribal wars or military coups breaking out in the nations on the continent of Africa. I had a friend who was a lumberjack, who could always tell when my shop was getting busy, because he would get a ton of orders for pine. The pine was used in wooden skids, or pallets, that we used to put our barrels of metal on to transport to our customers. And this man, a woodcutter, could tell when we were selling a lot of metal, just by how busy he was. Small world, isn't it?

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  9. https://www.reviewgeek.com/126062/the-new-ev-tax-credit-is-a-total-mess/

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  10. There are two Canadian companies that mine manganese : CDMNF ($0.14 per share), and; MNXXF ($0.20 per share).

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