Obama Admin. proposes upping tax credit to $10,000 to prop up failing Volt
#1
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Obama Admin. proposes upping tax credit to $10,000 to prop up failing Volt
As part of Obama's ludicrous $3.8T budget, they're trying to bypass the free market and pick what "succeeds". So from the current $7,500 credit that apparently is still not enough to justify a Volt purchase, maybe $10K off will sway people. Obama wants these coal powered cars on the road and he'll do anything to get them there. While also wanting electricity rates to skyrocket. His words.
http://www.washingtonpost.com/cars/o...gFR_story.html
BTW, the average income of a Volt buyer is $170,000 a year. WE are subsidizing wealthy early adopters. WTF?
http://www.washingtonpost.com/cars/o...gFR_story.html
BTW, the average income of a Volt buyer is $170,000 a year. WE are subsidizing wealthy early adopters. WTF?
Last edited by -J-P-L-; 02-15-12 at 01:51 PM.
#2
Obama flame war in 5... 4... 3... 2...
Personally subsidizing the purchase of any vehicle is, IMO, stupid and unfair if we are supposed to be proud of capitalism. I wouldn't and don't care who would be/is pushing it.
Personally subsidizing the purchase of any vehicle is, IMO, stupid and unfair if we are supposed to be proud of capitalism. I wouldn't and don't care who would be/is pushing it.
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#8
Lexus Test Driver
The worst part about it is that this is really subsidizing Government Motors, not the Volt. Typically businesses have to price their products to sell - i.e., rather than get a $10,000 subsidy to meet market demand, they would have to reduce the price by $10,000. Instead, Obama would rather have taxpayers foot the bill for poorly-conceived products. This is always the problem when government gets involved in business: Legislators can simply funnel taxpayer money to fund their own personal ideologies via these businesses under the guise of production, and this also has the additional destructive effect of totally throwing market forces out of whack.
Last edited by gengar; 02-15-12 at 11:22 PM.
#10
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While the thread title singled out the Volt, the article said the credit would include Prius, Nissan Leaf, Fisker, Tesla and other plug-in electrics.
Not to worry though, this budget most likely won't pass.
Not to worry though, this budget most likely won't pass.
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We all know the drive behind such a proposal. The administration wasn't thinking "Hmm, Toyota is having a hard time selling the Prius, better make a huge incentive". Saving the Volt is all that's on their mind here. They have too much stake in it.
#12
Racer
Thanks for the update. However the person who started the thread probaly should have added that from the very begin. It's very obvious what Obama is trying to do but at this point until gas is 10 dollars a gallon forget.
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So what is he trying to do? Get more coal powered cars on the road? Is he not against building more plants? Is he not for Cap and Trade? He says he wants electricity to cost a fortune yet wants electric cars. Can you explain his logic?
#14
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Tax credits on gas-electric hybrids (think Prius), and now plug-in electrics, as well as energy efficient doors, windows, furnaces, AC units etc. are nothing new. As mentioned not to worry as this budget won't be approved.
#15
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The gov should stay out of trying to sell cars and car technology. The gov should stay out of propping up cars or any type of mismanage brands with our money. Let the free market decide what cars they want instead of the gov trying to up sell certain cars/technologies and imposing unrealistic FE standards.
Why don't they up the tax credit to 20 or 25K or just pay people to buy it, it is not like it is our money paying for this and we are 15 trillion in debt and counting.
Why don't they up the tax credit to 20 or 25K or just pay people to buy it, it is not like it is our money paying for this and we are 15 trillion in debt and counting.