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NEW -> Contingent Buyer Assistance Program
So, if every company in the entire EV ecosystem (strongest, weakest, suppliers, distributors, shippers, energy suppliers, innovators) is struggling at best….what is the market telling you?🤦🏽‍♂️🤷🏽‍♂️😂😂😂🦄🌈
 
Uh... tax credit for EVs is not for wealthy people depending on your definition of wealthy. There are income restrictions on the IRA credit.
 
irvinehomeowner said:
Uh... tax credit for EVs is not for wealthy people depending on your definition of wealthy. There are income restrictions on the IRA credit.
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The income limit is $300k which is 4x the median US household income. Therefore, working class folks are forced to subsidize the wealthy buyers of EV's, which in turn really just subsidizes the car makers themselves. Elon Musk is ranked 2nd or 3rd wealthiest person in the world in large part due to these tax credits keeping him afloat.
 
You forget that Tesla had zero tax credits for a number of years.

Additionally... not every vehicle qualifies for $7500 due to battery composition and build origin. In fact, the new IRA is so restrictive, a larger percentage of EVs do not qualify for any sale credit at all (most of the non-US brands).

If you don't think the working class is subsidizing Big Oil either through taxes or directly at the pump... that's your opinion.
 
CalBears96 said:
Yeah, wealthy people don't qualify for EV tax credit. The income limit is $300k MAGI for couples or $150k MAGI for individuals.
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Income isn't what makes one wealthy though is it? Assets are the measure of wealth and many people earning $300k have a 7-figure net worth.

Sooo.... Why should working class tax payers subsidize millionaires that want a new toy?
 
irvinehomeowner said:
If you don't think the working class is subsidizing Big Oil either through taxes or directly at the pump... that's your opinion.
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Directly at the pump is not a subsidy, by definition.

But speaking of the pump, EV millionaires are also subsidized by the exemption from paying for our roads through the gas tax, even though EV's destroy roads much more quickly due to their added weight.
 
irvinehomeowner said:
You forget that Tesla had zero tax credits for a number of years.

Additionally... not every vehicle qualifies for $7500 due to battery composition and build origin. In fact, the new IRA is so restrictive, a larger percentage of EVs do not qualify for any sale credit at all (most of the non-US brands).

If you don't think the working class is subsidizing Big Oil either through taxes or directly at the pump... that's your opinion.
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Right. In fact Tesla Model 3 isn't qualified for tax credit, but Model Y is, which means that if you're qualified for tax credit through income limit, you're better off buying Model Y than Model 3. I had planned to have my son buy the Model Y once he started working, but they got rid of normal range RWD (260 miles) in favor of long range RWD (320 miles) through software unlock for an additional $2k.
 
Liar Loan said:
This is your tactic every time you lose an argument. Attack the person. Ad hominem.
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This is your tactic every time you think you win an argument.

It's relevant. morekaos knows very little about EVs, EV tech and EV prices... your last post just illustrated the same lack of knowledge.

Stick to talking about what you know rather than what you think you know and maybe your predictions will be better.

Talking trash about Irvine real estate all these years yet you haven't shopped the Irvine market or owned a home in Irvine as far as I know.
 
irvinehomeowner said:
This is your tactic every time you think you win an argument.

It's relevant. morekaos knows very little about EVs, EV tech and EV prices... your last post just illustrated the same lack of knowledge.

Stick to talking about what you know rather than what you think you know and maybe your predictions will be better.

Talking trash about Irvine real estate all these years yet you haven't shopped the Irvine market or owned a home in Irvine as far as I know.
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Oh man... You are just as insecure about the survival of EV's as you are about Irvine home prices.
 
See... now who is personally attacking? You attack Irvine prices and anyone who buys in Irvine all day.

I have zero insecurities about EVs (why would I?) and I'm absolutely sure there has been more equity in Irvine homes than your old IE home or your current HB home or wherever you live.

Notice how you don't want to say what city you live in because it can't compare.

It's so comical... you can't win with Irvine real estate, mortgage interest rates, inventory or whatever so you try to follow me to other threads and team up with morekaos to try to win elsewhere... and then lose there too.

Keep trying.
 
irvinehomeowner said:
See... now who is personally attacking? You attack Irvine prices and anyone who buys in Irvine all day.

I have zero insecurities about EVs (why would I?) and I'm absolutely sure there has been more equity in Irvine homes than your old IE home or your current HB home or wherever you live.

Notice how you don't want to say what city you live in because it can't compare.

It's so comical... you can't win with Irvine real estate, mortgage interest rates, inventory or whatever so you try to follow me to other threads and team up with morekaos to try to win elsewhere... and then lose there too.

Keep trying.
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Yep insecure. "I have more equity than you have" proves it.
 
Why does the US government subsidize the car industry?

When you count tax revenue from activities related to car industry - sales, parts, service, worker's paychecks (9.6 million jobs), company revenue, etc., the industry contributes >$110 billion to State and >$126 billion to Federal tax revenue. The auto industry also generates many billions in FDI, R&D expenditure, and contributes to gasoline tax revenue. The State and Federal subsidies given to the auto industry is a fraction of the tax revenue collected.

Even in Singapore, where they have to limit number of cars on the road, the government charges $100,000 (USD) for 10-year COE (certificate to permit car ownership). So the cost of a Toyota Camry is OMV (car) + ARF (license) + COE = $150,000+. Taxes from car license and COE generates $5.4 billion USD or 7% of Singapore's government revenue. Do they give subsidies (rebates) for Vehicle Electrification efforts? Absolutely! Up to $29,600 USD ($40,000 SGD) for a Tesla, because they'll make the money right back in taxes.

 
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Liar Loan said:
Yep insecure. "I have more equity than you have" proves it.
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Can't even say what city he lives in... that is iinsecure.

And I didn't say my home has more equity... just Irvine homes in general. Still trying to put words in my mouth.

Let's get back to the topic of this thread.

What stock do you recommend?
 
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