The Biden administration made a big deal in its fake “Inflation Reduction Act” of giving Americans a generous $7,500 tax credit to buy an electric vehicle. But now that supposed credit has been wiped out because Ford and GM have raised their prices by at least the same amount as the Democrat “tax credit.” And in some cases, more.
It’s already too expensive to buy an EV for the majority of Americans. And the Democrats pretended that their little tax credit was going to make it easier for we peons to buy one of Biden’s favorite “green” fantasies.
But now the manufacturers have gone and made it worse.
Per the Daily Wire:
Citing “significant material cost increases and other factors,” Ford’s announcement revealed price hikes between $6,000 and $8,500 for its electric vehicles. The F-150 Lightning Pro, for example, will sell for $46,974 — a $7,000 increase from the $39,947 charged for last year’s model. GM likewise increased the cost of its electric Hummer by $6,250 last month.
The price hikes are comparable to the $7,500 tax credits for new electric vehicles included in the $740 billion Inflation Reduction Act, which currently awaits President Joe Biden’s signature. The legislation earmarks a total of $369 billion to combat “the existential crisis of climate change,” according to remarks from Biden.
“It addresses the climate crisis and strengthens our energy security, creating jobs manufacturing solar panels, wind turbines, and electric vehicles in America with American workers,” he said. “It lowers families’ energy costs by hundreds of dollars each year.”
What a complete joke.
EVs are garbage vehicles that are intended to force most Americans to give up the dream of owning their own car. They are far more expensive to buy than gas-powered cares, cost owners thousand to install charging stations, can only drive short distances, are unreliable in emergencies, are hard to repair, and are useless on the used market.
They are intended to destroy car ownership. And force Americans to abandon rural living and move to cities where they will be forced to use inner city public transportation.
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