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08-08-2021, 04:36 AM
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#2
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Senior Member
Workhorse Chassis Owner iRV2 No Limits Club
Join Date: Jul 2005
Location: USA
Posts: 4,382
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Click bait.
__________________
TandW
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08-08-2021, 08:11 AM
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#3
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Registered User
Join Date: Apr 2020
Posts: 1,603
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My apologies. The linked article is not viewable in its entirety unless you have a subscription. FYI, the article shows how the prices of ICE vehicles are being forced to rise in order that EVs will become more competitive in comparison. The mechanism as to how this will be achieved is through the CAFE (Corporate Average Fuel Economy) credit system. Essentially, if you buy a car that gets less than a certain MPG (52 MPG in 2026) you will be contributing towards an EV purchase by another customer.
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08-08-2021, 08:11 AM
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#4
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Senior Member
Join Date: Jan 2014
Location: Safety Harbor, FL
Posts: 2,171
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__________________
2022 Thor Palazzo 33.5
2016 Jeep Wrangler Unlimited Rubicon Toad - Readybrute Elite Towbar
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08-08-2021, 08:37 AM
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#5
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Senior Member
Join Date: Feb 2021
Posts: 871
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Quote:
Originally Posted by move on
My apologies. The linked article is not viewable in its entirety unless you have a subscription. FYI, the article shows how the prices of ICE vehicles are being forced to rise in order that EVs will become more competitive in comparison. The mechanism as to how this will be achieved is through the CAFE (Corporate Average Fuel Economy) credit system. Essentially, if you buy a car that gets less than a certain MPG (52 MPG in 2026) you will be contributing towards an EV purchase by another customer.
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Hmmm....this article says that value equity is achieved through tax credits for the EV, lowering the price to that equal to the ICE vehicle, not the other way 'round as you've described. https://www.marketwatch.com/story/fr...es-11628187632
Quote:
Biden’s proposal to include $100 billion in new electric-car subsidies has been dropped from the pending infrastructure bill, but an existing federal-tax incentive remains. The savings do not come off the initial price of the car, no matter how car sellers may market this incentive that way. Buyers can claim up to $7,500 in credit against the federal income taxes owed in the year in which the car is purchased, lowering their federal tax liability.
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08-08-2021, 08:49 AM
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#6
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Registered User
Join Date: Apr 2020
Posts: 1,603
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Quote:
Originally Posted by propchef
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Yes. The tax credit for EVs remains, in addition to the CAFE credits. The tax credit is not enough by itself to get people to buy EVs.
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