Collusion: Biden offers $7,500 tax incentive for EVs, car makers raise prices by the same amount

[marvin martian]

This is what happens when there's a lifelong gangster in the White House.

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.​

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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.​

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Biden's inflation bill gives you $7,500 in tax credits toward an electric car. Guess how much Ford and GM just raised their prices?

As the old saying goes: There is nothing free except the grace of God. That includes special-interest electric vehicle giveaways in gargantuan Democratic spending bills:

notthebee.com

 

[ColonelAngus]

Of course. This is what happened in cash for clunkers.

THE GUARANTEED INFLATION ACT IS CORPORATE WELFARE.

 

[Meister]

That's how you pay for the $750 billion health care, tax and climate bill in the liberal world.
See, it pays for itself.

 

[marvin martian]

Of course. This is what happened in cash for clunkers.

THE GUARANTEED INFLATION ACT IS CORPORATE WELFARE.

This Inflation Creation Bill is the biggest mafia bust-out in history.

 

[ColonelAngus]

This Inflation Creation Bill is the biggest mafia bust-out in history.

$2 trillion of taxpayer theft.

It is a direct attempt to destroy the economy. They told us they would do it.

 

[otto105]

This is what happens when there's a lifelong gangster in the White House.

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.​

​

Biden's inflation bill gives you $7,500 in tax credits toward an electric car. Guess how much Ford and GM just raised their prices?

As the old saying goes: There is nothing free except the grace of God. That includes special-interest electric vehicle giveaways in gargantuan Democratic spending bills:

notthebee.com

Hoss

I do believe once again you're comparing an apple to an orange....

 

[marvin martian]

Hoss

I do believe once again you're comparing an apple to an orange....

You don't think there's a correlation between the tax incentive and the price increases?

 

[otto105]

You don't think there's a correlation between the tax incentive and the price increases?

Ford had not raised pricing on the truck since last year.

And we all know that corporate supply chain issues have snarled things up.

Your correlation does not prove causation.

 

[marvin martian]

Ford had not raised pricing on the truck since last year.

And we all know that corporate supply chain issues have snarled things up.

Your correlation does not prove causation.

Like I said, it's collusion. Biden created the supply chain problem, now he's using a phony "incentive" to pay off his billionaire corporate buddies through price increases to consumers. You voted for this.

 

[otto105]

Like I said, it's collusion. Biden created the supply chain problem, now he's using a phony "incentive" to pay off his billionaire corporate buddies through price increases to consumers. You voted for this.

How did President Biden create a cooperate supply chain issue? Did he use Jewish space lasers paid for with builderburger money from Soros funneled thru the coffin of Venezuelan President Hugo Chevez and Dominion voting machines?

 

[22lcidw]

Hoss

I do believe once again you're comparing an apple to an orange....

Trump has been called all the names imagined. The Prog Party are all of those names and a million times worse. The greatest grifters in human history. Never too proud to steal money from a citizen. They have to justify their existence. And they have destroyed much of the good in America while trying to take eliminate the bad. Cities should be a lot better than they are.

 

[otto105]

Trump has been called all the names imagined. The Prog Party are all of those names and a million times worse. The greatest grifters in human history. Never too proud to steal money from a citizen. They have to justify their existence. And they have destroyed much of the good in America while trying to take eliminate the bad. Cities should be a lot better than they are.

WTF bullshit are you trying and failing to spew?

Some sort of victimhood or a libertarian utopia of bathtub sized government?

 

[Staidhup]

How many working families can afford an EV, home charging station, and increase in electrical bills? Face it this was a subsidy for the auto industry.

 

[iamwhatiseem]

How it started... $7,500 credit to EV buyers...

Class of people who takes the credit....

Who get's your tax money from that credit...

 

[marvin martian]

How did President Biden create a cooperate supply chain issue? Did he use Jewish space lasers paid for with builderburger money from Soros funneled thru the coffin of Venezuelan President Hugo Chevez and Dominion voting machines?

Much simpler than that. He shut down our ports for "Covid".