this post was submitted on 23 May 2025
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EV Tax Credit Ending Dec. 31, Effectively Increasing Prices Up to 28% in USA. See How Popular EVs are Impacted. (fuelarc.com)
submitted 1 day ago by KayLeadfoot@fedia.io to c/technology@lemmy.world
32 comments fedilink hide all child comments
 

TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law passes the Senate and goes into effect as written.

It's hard to imagine any way this doesn't throw a huge wrench into the adoption of sustainable car technology for the USA.

Only about 8% of new cars sold last year in the USA were electric, compared to 13% for the EU or 25% for China. Seems like exactly the wrong moment to cut tax incentives for the tech.

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[–] ceenote@lemmy.world 27 points 1 day ago* (last edited 1 day ago) (2 children)

I'm not big on the "we have to beat China" rhetoric, but it's like republican politicians wake up every morning and ask themselves "What can I do today to further Chinese dominance in the next century?"

[–] SoftestSapphic@lemmy.world 18 points 1 day ago

It's almost like China and Russia worked to put them in those positions...

[–] KayLeadfoot@fedia.io 1 points 1 day ago

^--- Yeah, this.