President Biden Considering Point-Of-Sale EV Rebates43
The Biden Administration is considering a boost to electric vehicle adoption through new point-of-sale consumer EV rebates.
In a recent report from Bloomberg, White House Climate Advisor Gina McCarthy addressed President Biden’s electric vehicle plan, saying that Biden is “looking to invest more than $170 billion and he’s going to build out the electric charging stations that we need for consumers to buy these vehicles and feel confident that they can get where they want to go and back again.”
The Biden administration has proposed a multitrillion-dollar infrastructure plan that includes EV rebates, as well as 500,000 new electric vehicle charging stations.
While an existing tax credit of $7,500 is currently in place for some electric vehicle buyers, General Motors has already exceeded the 200,000-unit limit required for customers to receive the credit. However, while the existing tax credit is criticized as benefitting primarily wealthy buyers, the new point-of-sale EV rebate is believed to provide greater incentive for low- and middle-income buyers as well.
The Biden administration is framing the new EV rebate and infrastructure investment as necessary components to competing with China.
“The president is concerned that China is far ahead of us in the electric vehicle market,” McCarthy told Bloomberg. “Instead of producing the technologies of the future, we are importing them from somewhere else.”
President Biden previously announced plans to replace the existing federal fleet with new electric vehicles. It is estimated that the federal fleet currently encompasses some 645,000 vehicles, including trucks, SUVs, and cars. Of those 645,000 vehicles, just 3,215 are EVs. Replacing the entire federal fleet is estimated to cost upwards of $20 billion.
Many prominent voices in the auto industry, including General Motors and the United Auto Workers union, have called on President Biden to roll out new tax credits and EV rebates to help promote greater electric vehicle adoption. Some U.S. states have even pushed for an outright ban on the sale of new gasoline-powered passenger vehicles.
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There shouldn’t be much consideration. This needs to happen asap.
I like that, but cap the rebates to lower end EV’s and customers with an income cap. Giving a $7500 rebate to me to buy a $125K Hummer EV, is just a waste of the hard working taxpayers money. I think rebates should only be on EV’s that are designed for basic transportation, and not for Luxury EV’s.
I agree, well said. Same can be said for many other incentives. Many don’t need it and would rather it go to those that do and help them.
I totally agree. If the point is to covert the Fleet over to EV’s, you want to assist the Customers that drive 15K – 40K ICE Vehicles. Maybe the cutoff could be 50K but that would be tops in my opinion.
Ford has to let Biden fake drive more prototype Trucks to sucker him on corporate welfare handouts.
Watch the video where biden is literally playing with a dummy steering wheel and the media is fawning all over him! 😂
Biden drives a classic ‘67 Corvette
Trump drives his head further and further up his own @$$
I saw that video he drove it inside of a compound when he was VP. He will never pour his own beverage again much less drive, secret service would never allow it
Vote Bolshevik 2024
You know I thought that was so weird yesterday. In all my years of reading about cars, I’ve never known carmakers to allow even trained automotive journalists to drive their prototypes. It was always just something that wasn’t done. If the car magazines got a preview drive of a forthcoming product, it was always with one of the developmental engineers behind the wheel showing off the capabilities of the new product.
Yet here was Joe Biden behind the wheel of a Ford prototype screeching away from a dead stop. He’s not a trained driver accustomed to piloting the fastest of cars around a track and trained in the art of car control as are automotive journalists. He’s also pretty advanced in age. It just made no sense.
Then I went back and watched the video in slow motion frequently freezing it. Turns out, as best I can tell, it was staged. The driver appears to actually be the passenger and there are two steering wheels. Biden likely went for a ride, which is what one would expect, but for whatever reason, it appears to have been set-up so as to look like he is driving.
Get a life.
Joe Biden is the rightfully elected President of the United States. It is a great honor to have him drive one of your vehicles.
Automotive Journalists are only trained on how to wipe their own @$$. And some publications don’t even require that.
“2 steering wheels”
I’m sure if you stare at the video a little longer you’ll see Elvis driving the truck.
resident biden, not a real president, he is a globalist filth who refuses to defend our damn borders and everything else, wait until summer and hurricane season, s*** will hit the fan.
According to the U.S. Constitution; the Supreme Court; both houses of Congress; the electoral college and the over 81 million Americans that voted for him Joe Biden is the President of the United States.
Pay no attention to the refugees crossing the boarder. They are volunteers for the turn Texas blue movement.
Yep and the american people are gonna suffer the hardest, people who are born here, let’s face it, biden is a disaster as president and will continue to be, but the sheep of america don’t care and never will, they are learn this summer and hurricane season.
Just let it go. You can admit Biden won without liking it. Just like I’m glad Trump lost, even though I am not happy about Biden.
Wrong, the election was stolen and people are finally seeing the truth, nobody won, the america people will continue to suffer so badly, this summer and hurricane season, it’s about to get real bad and the s*** is about to start big time.
WRONG, he wasn’t “Rightfully” elected, he’s the recipient of a Cheating, Lying, Manipulating, Bogus election, and the just is still out on his Legitamacy.
Get a clue Bite-me won The same way Joseph Stalin won. Lyin / cheatin & stealing.
Leaving the politics out of this. GM has often let a number of people drive
Two I can attest to 2 in the hands of regular folks. I drove their fuel cell prototype a few years back. Also a family friend was a member of a group of 13 advisers GM gathered. They all got to drive the first hand built prototype 5th gen convertible.
I missed driving the Monte Carlo Intimidator and the Goodwrench car at a GM event. I left before the event was over and the GM plant manager that was a friend had set it up for me to drive both to the transport trucks on the other side of the plant. I left before he could find me. Still kicking myself on this one.
I too try to avoid politics because I know people come here, in part, to escape from that world. I certainly do. However, in this case, I’m afraid skepticism is taken as political commentary.
It’s widely known that presidents of both parties aren’t allowed to drive. It’s one of the rules of the Secret Service that all they detest. Many a president has commented on it. Couple that with the fact that, although I accept your citations, carmakers typically don’t hand over the keys of prototypes to even professional drivers makes it highly suspect that a president was allowed to drive a Ford prototype. Further, that the president was allowed do a full-throttle run in said vehicle. Any observer of both the automotive world and the political one would find that scenario quite implausible.
So with that as a premise, a review of the video reveals that the implausible likely didn’t actually occur. The vehicle appears to have two steering wheels and in at least one instance, it doesn’t follow Biden’s commands. That’s not a political statement. I make no comment on Joe Biden personally or his policies, only that any president driving a Lightening prototype would be highly unusual. If Donald Trump had been seen donning Aviators and piloting an F35 Lightning with his characteristic superlatives flowing, my eyebrows would most assuredly be raised for that story too.
I remember when EVs were marketed for being green. Now they’re being marketed as competing with China.
I just want a safe, cheap car that works.
How about one world for you biden: Impeachment
Republicans couldn’t even kill Mike Pence, and they knew exactly where he would be that day.
Q: Why are Republicans trying to get rid of Liz Cheney?
A: She’s the only one in the party with Balls
because she is a rino and a war criminal just like her war mongering father, good for the gop for getting rid of that b****!
now that’s justice for what her father did to iraq.
She’s a &unt
I’m not sure the cheaply made, disposable little matchbox cars in China should really qualify as vehicles. Isn’t China literally forcing their manufacturers to produce more BEVs? Is being like China anything to aspire towards? I thought authoritarianism is what our country’s constitution was in place to prevent…
This will have to be done in order to increase EV sales
It doesn’t have to be done… It shouldn’t be done. People should want to buy BEVs because they are a competitive product, not because they are falsely propped up by the government. Manufacturers should be able to develop BEVs, alternative fuels, and build ICE vehicles at the same time… Toyota seems to have no need for handouts. Why should taxpayers give Mary Barra and lowercase gm any? Just make cars people want. Too easy.
Furthermore, China has more lithium reserves than the US and less oil reserves, it makes sense for them to build more BEVs. Since China isn’t a particularly fair trade partner it does not make strategic sense to play into their strength and against our own… Maybe Joe should run for office in China next term, if he lives that long.
Considering and signing are two different things. Remember what he said about eliminating $50000 for each student in loan debt on his campaign trail, he said although he has the power to do so, he wouldn’t use his executive powers to make it happen, rather he’d let the fight take place in congress.
Would be nice, but I just do not see him signing an exec order
Look while this money might help a little now in the future you are not going to get a choice.
The prices will be coming down in the next few years anyways.
Whelp, this is wrong. Unlike China, in the United States we always have a choice. And if lowercase gm chooses to remove that choice in the immediate future there are plenty of other thriving companies to choose from. Like Kia and Toyota. The later of which has a hydrogen ICE motor that seems to offer every convenience of oil, without any of the inconveniences of electric.
Joe after your 1st and only term we will move onto the next flavor of the month.
Here we go again trying to artificially prop up electric vehicles with more handouts. If they are so wonderful people will buy them. If they are higher priced, inconvenient, weirdly styled and are mainly trying to slam home a political statement then adoption is going to be very slow.
Keep your rebates. I won’t drive one until I absolutely have no other alternative which should take me through the end of my driving time anyway. They better get plenty of more Grids going, longer lasting and cheaper batteries and hope there are not too many blackouts if they want this to work. Right now these things make up a whopping 2% of vehicles. Hopefully gas vehicles will be supported for another 50 years or so.
Why should one individual buy a car for someone else? He’s talking about paying the difference with your soon to be increased taxes.
Better yet, why should a person who could never possibly afford a $100,000.+ Hummer EV be forced to subsidize the purchase of this 9,000 pound behemoth for those that can? It’s an insane idea and lest anyone think I’m being political, I found the tax credit for big SUVs from 15 years ago equally repulsive and I believe that was a Bush-era policy.
If Joe Biden wants to pay for rebates or incentives himself or if Mary Barra wants to fund them from her $24 million salary, I’m all for that. I am just not in favor of the guy who makes $56,000 a year and drives a Malibu being taxed to fund incentives on a Hummer EV that’ll be a more wealthy person’s fifth vehicle. We all know the Hummer is mostly going to be a vanity vehicle for those who buy it and not someone’s sole transportation option.
We will regret letting our government pick the winners in automobile technology with rebates funded by tax payers. I own a Tesla and still wonder why I got a federal and state rebate. I did not need either and would have bought the Tesla anyway. 🤔😬
When I was in college, I always got free drinks and other discounts at restaurants near the school if I presented my college ID. I can remember seeing folks who looked like hard-working laborers in the restaurant and they were getting no discount. Yet here was I, a bit privileged and lucky, with parents funding 100 percent of my education getting the discount. I never refused it but I’ve never forgotten it either. For every person who gets a break, somebody else is paying for it. I don’t think that’s right. Charge everyone the same price for the same item or service and if one person elects to buy a $100,000 Hummer EV they shouldn’t get government aid while the guy buying the $20,000 Spark gets none.
Thats what he wants run out of juice in pursuit of cartel members or illegals.
While Beijing Joe was out doing photo shoots with products from former Nazi supporter Henry Ford’s firm several thousand illegal aliens were transported to various cities and towns across the U.S. He needs to get his skinny ass down to the border and fix the problem. Please, President Trump, we need your help and we need it now.
He doesn’t care anyways
They have to give you a rebate because not to many want them.
Edit : FAKE PRESIDENT BITE ME : there fixed it for you