Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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EV Tax Credit Likely to End Dec. 31, Effectively Increasing Prices Up to 28%. See How Popular EVs are Impacted. (fuelarc.com)

submitted 1 month ago by KayLeadfoot@fedia.io to c/electricvehicles@slrpnk.net

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The tax credit in the USA would end December 31st, 2025. Here’s what that means.

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law goes into effect as written.

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[–] Dogyote@slrpnk.net 1 points 1 month ago (1 children)

I think I'm seeing more and more EVs in my city as time goes on. EVs get a special plate so it's easy to see. Demand is increasing. We use Ford Lightnings at work, and guys in other trades seem envious. Another example, the mustang EV outsold the gas powered this year. I think that trend will continue.

[–] KayLeadfoot@fedia.io 2 points 1 month ago

Nice! Color me jealous, I drive an ICE truck, I test-drove a Lightning, it was very nice.

Rn, I think it's something like 8% of new vehicle registrations per year are EVs. It's about double that in Europe, and triple that in China (14% and 25%, I think).

So, growing, but if it grows much slower, we'll be at the back of the pack, and I think being in the lead on this will keep our auto industry competitive for global exports, which are a big chunk of our export economy.