GM CEO Mary Barra Says Government Should Keep Electric-Car Tax Credit
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General Motors CEO and chairman Mary Barra publically called for the United States Congress to retain the federal tax credits awarded to buyers of electric cars. The tax credit can be as much as $7,500, depending on the electric vehicle.
Reuters reported on Monday that Barra told a group of reporters that ending the tax credits “will have an impact” on electric car sales, including her company’s Chevrolet Bolt EV. “I‘m a proponent of that staying in” the tax code, Barra said. “That’s what we convey to the administration.” Both the U.S. House and Senate passed their own versions of the tax cut bill. The two bodies will conference to create one final piece of legislation for both to vote on. The House bill cuts the electric-car credits while the Senate bill retains them.
Eliminating the federal tax credit would give automakers one fewer tool to persuade buyers into purchasing an electric car. Experts estimate battery-electric cars may reach cost parity with a traditional vehicle sometime next decade as battery costs continue to drop. The 2018 Bolt EV costs $37,495 before any tax credits, which bring many buyers to the touted $29,995 price.
Ending the tax credits “changes the equation,” Barra added.
GM along with many other automakers and environmental groups continue to lobby Congress to keep the tax credits in the final tax bill. Specifically, GM announced plans to introduce 20 new electric cars by 2023. The lack of a tax credit could create unforeseen difficulties for the business plan.
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how much could GM lower the cost if ICE powered cars if all EV work was stopped ??? i would guess that people buying a ICE cars are helping pay for EV research and losses on the EV sales.
Yeah, and now those “greenies” are admitting gas cars will be around until 2040 and maybe their really is no viable ecomomic model for a looooong time.
Of course, there is nothing more that big corporate types like than free taxpayer handouts. Ever notice the big ones like Barra never take a pay cut from their multimillion dollar salaray and benefits packages, but have no problem taking a cut of hardworking average Americans?
The massive $7,500 tax credit needs to go to paying down the massive debt and spread amongst average Americans, not subsidixing a profit making company and CEO bonus that result from those “amazing green decisions.”
Like it or not, EVs are coming…What’s going to happen first is California will ban the sales of ICE vehicles for 2030, 2035 or 2040…By then we’ll be an entirely different world where you may not even own a vehicle but rather hail a ride from a self driving vehicle…
First, California should ban fires. All those illegals and batteries keep causing HUUUGE fires, giving California a carbon footprint greater than most of the other states combined.
Also, California is already blaming its recent cancer spikes on Fukushima….and California has already banned Nukes. Meanwhile, cancer rates keep increasing…..together with increasing use of electrified vehicles. In statistics, wr call that positively correlated.
“Meanwhile, cancer rates keep increasing…..together with increasing use of electrified vehicles. In statistics, wr call that positively correlated.”
Nope. No statistician would even make that assumption. Correlation does not mean causality. Basically, don’t be tempted to connect two things together until you have more data.
https://en.wikipedia.org/wiki/Correlation_does_not_imply_causation
Man, you’re full of crap.
We have positive correlation in the statistics, and we have the experimental data that EMF causes cancer.
That’s what we call…..QED
You can get lung cancer and never touch a cigarette in your life.
So how exactly could someone get lung cancer if your nonsensical non-positive correlation tells you it was from smoking? Trusting your gut gets you in trouble.
If you can think of a way to get lung cancer without smoking, you’ve just proved my point; correlation does not mean causality.
Grawdaddy, Ace Diamond is a Russian argument-bot. Computer algorithms actually make this stuff up deliberately to get you stirred-up.
Grawdaddy…..beware of Old Trombone….he blows….he is The Gay…..unless you’re into that weird messed up sick stuff.
So if cancer rates start increasing in a certain geographical area a short time (few years) after a powerful carcinogen is introduced and used by progressively more and more of the inhabitants, a significant portion of the population, you’re saying that it is impossible to prove that the increased cancer rates are due to this carcinogen?
It is because of people like you that it took many decades to figure out that cigarettes cause cancer.
Oh….but wait….we should throw out the lawsuits because “correlation does not mean causality.”
Next, you will tell me that I cannot call Elon Musk a nutjob simply because he thinks the world is a matrix-type of a simulation and because he has publically admitted to being nucking futs.
It don’t mattet what you think. A buddy of mine who is im charge of a HUUUGE corporation is suddenly winning in court simply because I said: “hey buddy, before you settle for the $50million, ask the judge to ask the plaintiffs who are blaming your product if they can prove that they never had long term exposure to powerful EMF…..like a powerful hybrid car or something like that.”
OK…..pay attention now….perhaps some of this stuff may make it into that socialist brain of yours:
A. Long term exposure to cell phone intensity EMF has been found to cause cancer.
B. Dressmakers and Tailors who were exposed for long durstions to rooms full of electric sewing machines, both AC and DC, were found to have significantly higher cancer and Alzheimer’s rates.
C. Electric and Hybrid locomotive operators in Russia and Scandinavia were found to have much higher solid tumor rates.
D. Children living in close proximity to power lines have been found to have higher cancer rates.
E. Power line workers (men) have been found to have breast cancer rates as high as 1 in 100, which is many many thousands of percent higher than normal.
F. Women in Norway (highest percentage of women electric car drivers in the world) are experiencing HUUUUGE increases in cancer rates.
G. Denmark, a country with perhaps the cleanest air in Europe but also the highest saturation of radar in its coastal villages, towns and cities, has the highest cancer rate and worst cancer survival rate for women in the entire world.
H. EMF from 500 HP electric motors is at least as high or much higher than most of the sources I listed above. This is because of the close proximity of electric motors to people in cars, especially children in TESLAS
If you want to see the entire list to Z, and far beyond Z, you have to wait for my book. I am trying to get a very beautiful woman to be my wordsmith…
Mary, don’t worry about satisfying those liberal socialist judges (who hate oil and gas) who get to decide how much GM has to pay in lawsuits. Don’t worry about satisfying China, those liberal socialist judges’ favorite country.
Speak your mind Mary, like when you said:“I think it works best when, instead of mandating, customers are choosing the technology that meets their needs,”
Don’t give in to socialism Mary. Government should not be mandating one automotive technology over the other…..which is exactly what the BEV subsidies are doing. What makes this even more perverted is that the technology being forced on us and on our kids causes all sorts of nasty effects including cancer.
Well, at least President Putin made the right judgment.
You’re PresPut’s hate-bot. Phaaak off.
The automotive industry cannot justify lying to people about electric cars and cancer by saying that gasoline also causes cancer. People know about the harmful effects of gasoline and they can smell it. People are being lied to about the harmful effects of electric cars and they cannot sense EMF…..other than their melatonin production being short-circuited. The other thing that folks are being lied to about is that electric cars are good for the environment.
You need your tin hat!! You get more EMF from the Sun every day! Electric cars are good for the environment because gas production uses more electricity to make one gallon than the energy contained in that same gallon. So for every mile you drive on gasoline, you use triple the energy that an electric car needs.
you are not allowing for the energy used to produce the batteries. they are baked in a electric oven for days to age them. what about the emissions put out by the power plant to charge the batteries ??
“what about the emissions put out by the power plant to charge the batteries ??”
It depends on how the EV is being charged. If it’s coal, gas, or oil, then those have CO2 emissions. If it’s solar, hydro, wind, biomass, or nuclear, then those have no CO2 emissions.
No one is saying EVs are emissions free, from cradle to grave an EV, even if its receiving it’s electricity from coal fired plants is greener than a comparable ICE vehicle…Every single day 1000s if not 10000s, solar panels are installed in the United States whether that’s an individuals home or a solar project…New windmills are coming online everyday and coal plants are converting to natural gas…The grid is getting greener…
We get a lot more from refining oil than just gasoline.
Also, the MPGe rating on a BEV is a huge lie because it neglects all the losses that take place before the electricity stored in the battery actually makes it to the electric motor. On average, 80% in losses is neglected. The best comparison is a Honda Civic CNG rated at 36 MPGe to your typical inexpansive electric car such as the Kia Soul EV rated at about 100 MPGe. It is a very simple exercise to prove that the Civic can go farther on a cubic metre of natural gas than the Kia, so the Civic should have a higher MPGe rating. Natural Gas is our #1 source of electricity, so this is the most valid comparison one can make. Also, electricity from Natural Gas is much greener than from coal or nuclear, so the Civic wins the ecological comparison with the electric Kia even if coal or nuclear energy is used to charge the Kia….and the vast majority of our electricity comes from gas, coal and plutonium. Furthermore, I didn’t even need to consider all the harmful effects of battery production and disposal in my comparison. If I did, the CNG Civic would be a HUUUUGE winner.
Regarding your silly tin foil hat comment, tin is useless in affecting magnetic fields. Your comment about the Sun is even more ludicrous, but perhaps you live on Mars and don’t benefit from a molten spinning core. But, since you feel that the Sun is harmless, go Australia and sunbathe all day long for a few days.
Russian Hate-bot diamond, the hole in the southern ozone layer was created by American nuclear tests over the South Pole in the 1950’s which were meant to match your boss’s Russian tests in the North Pole. When cfc’s were added, the ozone layer in the south collapsed. Good work since the 1980’s has RESTORED THE OZONE LAYER in the south. Unfortunately, your people’s Russia is still exposed, perhaps that’s why your brain is fried?
Just how many times to the American taxpayers have to subsidize or help out GM . We bailed your a$$ out when you claimed bankruptcy ( which was a good thing ) to help prop up our automotive industry and keep millions of people from loosing their jobs and creating an even worse economic picture .
And now that GM has approx. 20 new EV’s coming which is going to benefit China’s demands you want our tax dollars to help you again gain even more profit for the CEO’s , COO’s and stockholders .
If you can’t compete in the new automotive world that is coming than something in the culture at GM needs to change .
You have Bob Lutz out there telling a positive spin on how Detroit / GM is in fine shape to meet the demands that are coming , he is your PR guy for the moment . But you have to come to the government for help even as you are exporting more and more vehicles in South East Asia .
Sorry the bank is closed .
Of all manufacturers, GM is the most likely to use up its allocation of EV tax credits first, and that is going to happen in 2018, without doubt. When Barra argues that they should extend the credit, she’s not doing so for GM’s sake primarily. They will benefit the least from the extension (only Tesla could possibly catch up and pass GM EV sales, if Model 3 begins to ramp quickly). The allocation of credits is limited per manufacturer, not per total volume of cars across the industry. Car companies that are slow to join the EV movement are the ones who stand to gain the most, as they’ll be ramping up in late 2018, 2019, 2020, long after GM buyers will receive nothing.
This is one of General Motors CEO Mary Barra’s first mistake as the tax credit for electric vehicles was good to introduce the new technology to consumers; but after almost a decade of electric vehicles, it’s time for the public if they want EV to pay whatever the cost might be without a tax credit especially as the technology is starting to mature as there are major breakthroughs in battery technology being made almost every year which means overall cost will continue to drop.
Remember Zach, the auto industry bailout was a union bailout. It was Obama using taxpayer money to buy union votes. Mr. Romney had the right idea, and the US auto industry would have persevered with much smaller union legacy payments.
What does Putin want? To divide American workers from American planners and get them fighting each other. How does Putin do it? By having literally tens of thousands of internet commenters peeing in the comment sections of as many American lifestyle sites as possible. What’s your real name? Alexei Dominski?
A CEO just said the government should keep tax payer dollars, and I was naive enough to think people would be happy about it.
Please re-read the title and article. In the very title and first paragraph of this article it says Mary Barra wants the government to keep the “tax credit” dollars flowing to the hybrid/electric markets. Ms. Barra wants the government to keep giving the money away. Money that could go to many better uses. The house bill passed by congress wants to do away with the subsidy which I am indeed happy with.
The CEO’s know without this credit the electric market would slow way down if customers had to think about stretching possibly 10K more for an electric over a comparable gas car. It is time for the hybrids and electrics to prove their worth in the market place and not have to rely on the taxpayers to fund interest in them. Especially those who are in the market for Tesla’s costing $85-130K. Those customers don’t need this credit and would have bought it no matter what.
The truth is the tax credit should be retained if they are going to force the industry into low to no profit cars.
Till cost come down or if they remove force numbers of EV products they should keep it.
Fair is fair. The market as it is now can not support the EV at a profit. Companies should not be forced by the governments to lose money.
As for cancer what does not cause it.
California is a discrace to the rest of the country with their agenda laws that do nothing but hurt this country. I am waiting for them to default because if their stupidity and come to the rest of us expecting us to bail them out.
That time is coming and we are one major earth quake away from it happening even sooner.
Baking soda does not Cause cancer.
calif is going to have to buy a lot of Teslas to make up for the pollution these fires have caused
If you are anti-Californian then you are anti-American. America welcomes diversity and difference and unhierarchized class. If you want California to “bow down and do as they are told” then you are as totalitarian as any Russian ever. Stop the Anti-California, Anti-America crap, Scott3.
Detroit has defaulted. California, never before, never will. Fool.
i guess they will hold off leaving the union till the all the American taxpayer foot the bill for the fires. they don’t have to obey federal government immigration laws but still want federal money.
Sales of gas and gas cars under a certain mileage should subsidize electric cars.
Yes wildfires are very polluting but we can’t prevent them…We can prevent some pollution by going to EVs but maybe that’s not a bad thing, the new Tesla Roadster has a 0-60 for the base 1.9 seconds and will have an even quicker one as an option…Not only that but the cost is only $200K…
The tax credit has gone on long enough. If the ICE hatters really want these types of vehicles they need to fork over or shut up!
As electrics have become more prevalent and as more manufacturers are preparing for an all electric future, it is time to end this credit to see if the electric market can roll on its own four wheels. The credit should especially end for those people in an income range that can afford a $100k plus Tesla.
For the customers who want electrics, they should pay for what they believe is the good cause of eliminating the I.C.E.’s. What price do you put on saving the planet, right?
Electric vehicle subsidy should stop. What they really need to subsidize are vehicles With an OHV V8. With more power we can Save the solar system. Don’t be selfish and save just one planet.
I agree with you
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