You can now get a $7,500 upfront discount for
buying an EV
Washington Post Article By Nicolás
Rivero, April 27, 2024 at 8:00 a.m. EDT
For
nearly 90,000 car buyers, one small change in U.S. tax policy meant thousands
of dollars off the sticker price of their new EVs.
As
of Jan. 1, Americans who buy certain electric cars can request the federal
electric vehicle tax credit as an upfront discount. The government created the
tax credit in 2022, but before this year, car buyers had to wait until tax
season to get their money. Now they can just pay up to $7,500 less for certain
new EVs, or $4,000 less for used EVs, at dealerships that have signed up to
offer the discount.
The article goes on for another 16
paragraphs singing the praises of EVs without mentioning a single one of the
FACTS I have included below that explains why purchasing an EV may be one of
the worst decisions or “investments” you could ever make in your entire
life. To read the entire WaPo article
for yourself to verify what I’m saying, follow this link:
Once again the WaPo omits key negative
information in a story in an effort to support the Biden agenda of getting
everyone riding around in an EV. NBC
News with Lester Holt on 26 April had a segment about EVs losing 32% of their
value driving off the dealer’s lot compared to 3% for gas powered vehicles.
Despite the EV losing value almost 10 times more than gas powered vehicles, that’s not the main negative buyers say about EVs; it’s battery life. Also, that depreciation is accelerating as EV used car prices plummet. Presently only 7.3% of new car sales are EVs and that number is falling too as new EVs have been overbuilt so are stacking up on dealer lots.
According to data from Cox Automotive,
parent of Kelley Blue Book, the average transaction price for electric cars was
$53,469 in July 2023, vs. gas-powered vehicles at $48,334.
https://www.kbb.com/car-advice/how-much-electric-car-cost/
That means the average EV loses $17,110 in value driving
off the dealer’s lot while the average gas powered
vehicle only loses $1,450. When the average EV buyer is losing
$15,660 more than if they had bought a gas car, the $7,500 Biden Government
subsidy doesn’t begin to cover the loss. Also,
https://www.washingtonpost.com/climate-environment/2024/05/03/electric-vehicle-tax-credits-china/
These are some Facts you’ll never see in the WaPo thus validating their tag line: Democracy Dies in Darkness and the WaPo is Turning Out the Lights! There are “lies of omission” where a story is misleading because of what is left out and “lies of commission” where a story knowingly contains false information. Seems the WaPo is an expert at both types.
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