Kill Bill that eliminates 'nod needed' $7.5k Fed EV Credit > (Koch Kool-Aid inebriation)

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Kill Bill that eliminates 'nod needed' $7.5k Fed EV Credit > (Koch Kool-Aid inebriation)

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'Critics say EV buyers tend to be wealthier & do  nod need  subsidies'

https://ivn.us/2017/11/02/teslas-22-billion-liability-problem-growing/
Trump’s Tax Plan Removes Electric Vehicle Credit
Nov 2, 2017  Jeff Powers

[video  flash  / CBS News]

It’s been a rough quarter for Tesla. The carmaker announced this week a
quarterly loss of $671 million and now, quietly, experts are growing
concerned with the direction and future viability of the company.

Last August Tesla began production of its Model 3. The first mass-marketed
sedan for the company was touted as a “game changer.” At the time, CEO Elon
Musk said there should be “zero concern” about Tesla’s ability to increase
production to 10,000 cars per week at some point in 2018.

That pipe dream is over.

On a conference call this week, Musk said the moving target of making even
5,000 Model 3s per week is not in the cards. He said, “We dropped the ball
and did not realize what was dropped until quite recently.” Tesla attributed
the slow production to difficulties with producing battery packs at their
“Gigafactory.”

It should also be noted the company laid off 700 assembly line workers
recently.

And now, adding to those concerns, President Trump’s new tax plan.
Federal Tax Plan Removes EV Credit

The electric vehicle (EV) tax credit is a huge incentive for automakers like
Tesla and their customers. The White House’s proposed tax plan removes that
federal credit.

The (EV) credit is a huge draw for consumers as subsidies pay for a pretty
good chunk of the price of the car. Now, consumers will need to decide if
they want one at a higher price, should the GOP tax plan passes through
Congress.

The EV credit runs from $2,500 to $7,500 per vehicle. In some states like
California, and as noted in this story on IVN, Tesla gets a massive subsidy
from California taxpayers. It appears the state anticipated the elimination
of the federal subsidy, and is poised to foot that bill to taxpayers.

That could already be happening, as the state passed a .12 cent a gallon gas
tax. It’s likely a portion of those dollars will be used to subsidize Elon
Musk and Tesla.
[© ivn.us]



https://www.thestreet.com/story/14373413/1/republican-tax-bill-proposes-elimination-of-7-500-electric-vehicle-credit.html
Republican Tax Bill Proposes Elimination of $7500 Electric Vehicle ...
Nov 2, 2017  Under the House Republicans proposed tax bill, the $7,500 tax
credit owners of electric vehicles can cash in on could disappear. Under
current law, automakers can offer the $7,500 credit for the first 200,000
plug-in vehicles it sells. After that, the tax credit phases slowly out ...
...
http://www.11alive.com/article/news/nation-now/7500-electric-car-tax-credit-goes-away-under-gop-plan-not-good-for-tesla/465-62069fb4-914d-4a58-a166-7be702abc1d5
$7500 electric car tax credit goes away under GOP plan. Not good ...
November 2, 2017  The House Republican tax plan would ax the tax credit for
electric-vehicle buyers, dealing a blow to the ambitions of Tesla and other
battery-car makers as they ...
...
http://www.straitstimes.com/world/united-states/us-house-republicans-propose-to-scrap-us7500-electric-vehicle-credit
US House Republicans propose to scrap US$7,500 electric vehicle credit
Nov 3, 2017  WASHINGTON (REUTERS) - House Republicans are proposing to
eliminate a US$7,500 (S$10,200) tax credit for electric vehicles that could
hurt automakers hurt automakers like General Motors Co, Tesla Inc and Nissan
Motor Co that are selling larger numbers of vehicles ...
...
http://thehill.com/policy/energy-environment/358446-gop-tax-bill-ends-electric-vehicle-tax-credit-overhauls-other
GOP tax bill ends electric vehicle tax credit, overhauls other energy taxes
11/02/17  A massive GOP tax-reform bill would end a $7,500 credit for the
purchase of electric vehicles and overhaul other energy-related provisions
within the tax code ...



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Re: Kill Bill that eliminates 'nod needed' $7.5k Fed EV Credit > (Koch Kool-Aid inebriation)

Electric Vehicle Discussion List mailing list
Elon Reeve Musk - Tesla Motors, Inc.
"Yeah, absolutely. And I should perhaps touch again on this whole notion of - it's almost like over the years there's been all these sort of irritating articles like Tesla survives because of government subsidies and tax credits. It drives me crazy. Here's what those fools don't realize. If Tesla is not alone in the car industry, but all those things would be material if we were the only car company in existence. We are not. There are many car companies. What matters is whether we have a relative advantage in the market." - Elon Musk, May 3, 2017
Musk's argument is that the tax subsidies are worth more to Tesla's competitors than to Tesla, and that therefore Tesla would better off without them, relatively speaking. Musk has made this argument in previous forums before, including on a previous earnings call as I recall, in the context of California's ZEV (zero emissions vehicle) credits, which Tesla is able to sell to other automakers as a purely politically engineered 100% gross margin profit. He made the argument on the 1Q 2017 earnings call again. In that ZEV case, his argument is that Tesla sells these $5,000-a-pop credits to other automakers at a discount, whereas those automakers make and consume some of those $5,000-a-pop credits internally without applying such as discount.
 "So Tesla's competitive advantage improves as the incentives go away. This continues to be something that is not well understood." - Elon Musk, May 3, 2017

      From: brucedp5 via EV <[hidden email]>
 To: [hidden email]
Cc: brucedp5 <[hidden email]>
 Sent: Friday, November 3, 2017 3:02 AM
 Subject: [EVDL] Kill Bill that eliminates 'nod needed' $7.5k Fed EV Credit > (Koch Kool-Aid inebriation)
   


'Critics say EV buyers tend to be wealthier & do  nod need  subsidies'

https://ivn.us/2017/11/02/teslas-22-billion-liability-problem-growing/
Trump’s Tax Plan Removes Electric Vehicle Credit
Nov 2, 2017  Jeff Powers

[video  flash  / CBS News]

It’s been a rough quarter for Tesla. The carmaker announced this week a
quarterly loss of $671 million and now, quietly, experts are growing
concerned with the direction and future viability of the company.

Last August Tesla began production of its Model 3. The first mass-marketed
sedan for the company was touted as a “game changer.” At the time, CEO Elon
Musk said there should be “zero concern” about Tesla’s ability to increase
production to 10,000 cars per week at some point in 2018.

That pipe dream is over.

On a conference call this week, Musk said the moving target of making even
5,000 Model 3s per week is not in the cards. He said, “We dropped the ball
and did not realize what was dropped until quite recently.” Tesla attributed
the slow production to difficulties with producing battery packs at their
“Gigafactory.”

It should also be noted the company laid off 700 assembly line workers
recently.

And now, adding to those concerns, President Trump’s new tax plan.
Federal Tax Plan Removes EV Credit

The electric vehicle (EV) tax credit is a huge incentive for automakers like
Tesla and their customers. The White House’s proposed tax plan removes that
federal credit.

The (EV) credit is a huge draw for consumers as subsidies pay for a pretty
good chunk of the price of the car. Now, consumers will need to decide if
they want one at a higher price, should the GOP tax plan passes through
Congress.

The EV credit runs from $2,500 to $7,500 per vehicle. In some states like
California, and as noted in this story on IVN, Tesla gets a massive subsidy
from California taxpayers. It appears the state anticipated the elimination
of the federal subsidy, and is poised to foot that bill to taxpayers.

That could already be happening, as the state passed a .12 cent a gallon gas
tax. It’s likely a portion of those dollars will be used to subsidize Elon
Musk and Tesla.
[© ivn.us]



https://www.thestreet.com/story/14373413/1/republican-tax-bill-proposes-elimination-of-7-500-electric-vehicle-credit.html
Republican Tax Bill Proposes Elimination of $7500 Electric Vehicle ...
Nov 2, 2017  Under the House Republicans proposed tax bill, the $7,500 tax
credit owners of electric vehicles can cash in on could disappear. Under
current law, automakers can offer the $7,500 credit for the first 200,000
plug-in vehicles it sells. After that, the tax credit phases slowly out ...
...
http://www.11alive.com/article/news/nation-now/7500-electric-car-tax-credit-goes-away-under-gop-plan-not-good-for-tesla/465-62069fb4-914d-4a58-a166-7be702abc1d5
$7500 electric car tax credit goes away under GOP plan. Not good ...
November 2, 2017  The House Republican tax plan would ax the tax credit for
electric-vehicle buyers, dealing a blow to the ambitions of Tesla and other
battery-car makers as they ...
...
http://www.straitstimes.com/world/united-states/us-house-republicans-propose-to-scrap-us7500-electric-vehicle-credit
US House Republicans propose to scrap US$7,500 electric vehicle credit
Nov 3, 2017  WASHINGTON (REUTERS) - House Republicans are proposing to
eliminate a US$7,500 (S$10,200) tax credit for electric vehicles that could
hurt automakers hurt automakers like General Motors Co, Tesla Inc and Nissan
Motor Co that are selling larger numbers of vehicles ...
...
http://thehill.com/policy/energy-environment/358446-gop-tax-bill-ends-electric-vehicle-tax-credit-overhauls-other
GOP tax bill ends electric vehicle tax credit, overhauls other energy taxes
11/02/17  A massive GOP tax-reform bill would end a $7,500 credit for the
purchase of electric vehicles and overhaul other energy-related provisions
within the tax code ...



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Re: Kill Bill that eliminates 'nod needed' $7.5k Fed EV Credit > (Koch Kool-Aid inebriation)

Electric Vehicle Discussion List mailing list
In reply to this post by Electric Vehicle Discussion List mailing list
On 3 Nov 2017 at 1:02, brucedp5 via EV wrote:

> Critics say EV buyers tend to be wealthier & do not need subsidies ...

This is a wilful and deliberate mischaracterization of the incentirves'
purpose. The incentives aren't for the buyers, they're for the automakers.  
They're bribing them to make vehicles that they'd otherwise refuse to,
taking away their excuse of "EVs aren't profitable" by allowing them to
charge thousands of dollars more for EVs than they otherwise could.

In effect, they're helping Detroit, and a few Asian and European automakers,
compete with Tesla (and, to a lesser degree, Nissan).

"EV buyers tend to be wealthier" is 100% pure political positioning.  The
petroleum companies and their owners are far, far wealthier than EV buyers,
but you don't see congress threatening to take away THEIR subsidies and tax
breaks.  I'm sure I don't need to explain the difference.

I expect that most or all US automakers will use the incentives' repeal as a
reason to reduce or eliminate their EV programs. Some European and Asian
automakers may too.  

The forward-looking ones won't.  And there's also a decent chance that some
European and Asian governments will continue to subsidize them for quite a
while.

Those who forge ahead with EVs will have a significant competitive advantage
in a decade or two.  Those who fall back to their default "strip-mine the
current market, forget the future" position will repeat the same errors they
made in the 1970s.

In 1973, Detroit was caught flat-footed by the Mideast oil boycott.  The
cars they liked to sell got 13mpg.  They had no small, efficient cars that
anyone wanted.  

Chrysler had the Dodge Colt, built for them in Japan by Mitsubishi.  Ford
had the Pinto, and Chevrolet had the Vega.  Look them up and you'll
understand why Toyota and Nissan ate their lunch -- and dinner, too.

It'll happen again.  When once again drivers have to wait in line for hours
to buy gasoline, they'll demand EVs.  They'll get them from the
manufacturers who've been refining them and developing them all along. GM,
Ford, and Chrysler will throw up their hands and say, "Who could have
foreseen it?"  The'll beg congress for ICEV incentives and/or EV tariffs to
"level the playing field."  

Think we'll hear anything then about how ICEVs "don't need subsidies"?

David Roden - Akron, Ohio, USA
EVDL Administrator

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nod need: Kill Bill that eliminates 'nod needed' $7.5k Fed EV Credit ...

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In reply to this post by Electric Vehicle Discussion List mailing list

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]

BTW: the newswires are still burning up about this topic. IMO, the media
does not care that all this hoopla might be just more attention grabbing
donald hype, that loss of the EV credit will barely degrade Tesla sales,
+more ...

Because media has been starving for something  EV  to write about (there
have been very slow EV news days for months), and thus this is a hot topic
to  misinform   the public about w/ opinions and other media factoids.

Below are some more on this topic, and a couple that still use the typo  nod
need :


http://www.autonews.com/article/20171102/OEM05/171109950/house-tax-reform-plan-would-kill-%247500-ev-credit
House tax reform plan would kill $7500 EV credit
Nov 2, 2017  "The EV tax credit repeal would cede U.S. leadership in clean
vehicles, ... to be wealthier than average Americans and do  nod need
subsidies ...
...
http://www.businessinsider.com/r-update-1-us-house-republicans-propose-to-scrap-7500-electric-vehicle-credit-2017-11?r=UK&IR=T
UPDATE 1-US House Republicans propose to scrap $7500 electric ...
Nov 2, 2017  "The potential elimination of the federal electric vehicle tax
credit will impact the ... tend to be wealthier than average Americans and
do  nod need  subsidies ...



Trump tax plan will pull plug on $7500 credit for electric vehicle buyers
Chicago Tribune-19 hours ago
Selling a gas-thirsty American market on the merits of electric vehicles
could get a lot harder if a Trump administration proposal to eliminate a ...

What Could Happen To Electric Car Sales If The $7500 Tax Credit ...
Jalopnik-Nov 3, 2017

The US government may take away the $7500 tax credit for EVs
Engadget-Nov 2, 2017

The GOP tax bill kills a $7500 electric-vehicle credit — and that's ...
Yahoo News-9 hours ago

Electric-Vehicle Tax-Credit Proposal Slows Tesla, Detroit -- Update
Fox Business-16 hours ago

House Republicans propose to scrap $7500 electric vehicle credit
Reuters-Nov 2, 2017
WASHINGTON (Reuters) - House Republicans are proposing to eliminate the
$7,500 tax credit for electric vehicles, which could hurt ...

That proposed tax plan would kill the $7500 electric vehicle credit
TechCrunch-Nov 2, 2017

Electric vehicle $7500 tax credit expected to go away with new ...
Electrek-Nov 2, 2017

$7500 electric car tax credit goes away under GOP plan. Not good ...
USA TODAY-Nov 2, 2017

EVs From Tesla and GM May Start Losing Their Tax Credits
In-Depth-Bloomberg-Nov 2, 2017

House tax reform plan would kill $7500 EV credit
Automotive News (blog)-Nov 2, 2017
WASHINGTON -- Tesla Inc., General Motors and other major carmakers pushing
to boost U.S. electric car sales were dealt a blow by House ...

President Trump Wants To Kill The $7500 EV Tax Credit
CarBuzz-20 hours ago
Automakers, however, aren't too pleased with the initial House proposal to
repeal the $7,500 federal EV tax credit after the 2017 tax year.

What Happens If EV Tax Credits Are Scrapped?
DesignNews-19 hours ago

Congress' Plan to Kill the Electric Car Tax Credit Could Kill Electric ...
WIRED-2 hours ago
... one that would kill the federal tax credit that gives up to $7,500 to
anyone who buys an electric car. Created as part of the 2009 stimulus bill,
...

GOP's Move To End Electric Vehicle Incentives In Tax Plan Could ...
Forbes-Nov 2, 2017
These incentives, worth up to $7,500 per vehicle, have played a big role in
getting EV sales to where they are today, with General Motors, Tesla ...
UPDATE 1-US House Republicans propose to scrap $7500 electric ...
Reuters Africa-Nov 2, 2017

Draft tax bill eliminates credit for all electric-car buyers: report ...
Green Car Reports-Nov 2, 2017
The electric-car credit itself lets a taxpayer reduce income tax due by an
amount from $2,500 to $7,500 that depends on the size of the battery ...

House GOP tax package boosts nukes, slashes wind, EV credits
Utility Dive-Nov 3, 2017
The bill would also hit the electric vehicle industry, with a proposal to
end the $7,500 federal credit for EV purchases. When Georgia ended its ...
Energy winners and losers in House GOP tax reform proposal
Washington Examiner-Nov 2, 2017

Say Goodbye to EV Tax Credits Under New GOP Tax Plan
The Truth About Cars-Nov 2, 2017
Say Goodbye to EV Tax Credits Under New GOP Tax Plan ... elimination of a
huge driver for electric vehicle sales — the $7,500 EV tax credit.

Tesla: Fumble, Grumble, Tumble
Seeking Alpha-21 hours ago
You may remember that in the early days of the Model S, Tesla was ...
potential bill for tax reform included the repeal of the $7,500 EV tax
credit.

Bad Tesla  new keeps coming , but the company is doing 3 things right
Business Insider-49 minutes ago

Fossil-Fuel Friendly Tax Plan Spares Oil, Not Solar or Tesla
Bloomberg-Nov 2, 2017
But there are exceptions: A $7,500 credit for electric vehicle purchases is
gone, as is a credit for big solar and geothermal projects.

Republican Tax Proposal May See EV Credit Program Scrapped
AutoGuide.com-Nov 3, 2017
The EV credit program, introduced in 2010, provides monetary ... with each
kWh unit adding $417 to the total until reaching a ceiling $7,500.

Electric Vehicle Tax Credits Could Go Away Under Proposed Tax ...
GM Authority (blog)-17 hours ago
Electric Vehicle Tax Credits Could Go Away Under Proposed Tax Reform Bill
... Jobs Act proposed slashes the tax credits, valued up to $7,500 depending
on ... Even if the tax credit sticks around, it would need reform to keep
...

Republican Tax Plan Would Eliminate EV Tax Credit, Could ...
Carscoops (blog)-Nov 2, 2017
Republican Tax Plan Would Eliminate EV Tax Credit, Could Jeopardize Sales
... and $7,500 depending on the size of the vehicle and its battery
capacity. ... Phasing out the tax credit could prove disastrous to electric
vehicle ...

WDBJ7
GOP tax plan picks winners and losers in energy sector
WTHR-19 hours ago
The measure would repeal a tax credit of up to $7,500 for plug-in electric
vehicles such as the Tesla Model 3 and Chevrolet Bolt. Electric cars ...

Sacramento Bee
Homebuilders gloomy, asset managers relieved over tax plan
WTOP-Nov 2, 2017
The plan eliminates a $7,500 federal tax credit for buyers of electrics
after ... and environmental groups quickly predicted a plunge in EV sales.




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 http://evdl.org/archive/


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Forces Fight gop2: Kill (Koch) Bill that eliminates $7.5k Fed EV Tax Credit

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In reply to this post by Electric Vehicle Discussion List mailing list


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]

% Was this gop threat just a way to make short-profits? (profit by throwing
the market into a tizzy) %

http://www.hybridcars.com/plug-in-america-rallies-the-troops-to-fight-for-federal-electric-vehicle-tax-credit/
Plug In America Rallies the Troops to Fight For Federal Electric Vehicle Tax
Credit
November 6, 2017   Plug In America, one of the country’s largest non-profit
groups dedicated to plug-in vehicle policy, has launched an online campaign
[
http://action.pluginamerica.org/p/dia/action4/common/public/index.sjs?action_KEY=22515
] calling for the government to abandon its proposed plan to kill the up-to
$7,500 federal electric vehicle tax credit ...
...
http://www.thedrive.com/sheetmetal/15787/automakers-fight-for-consumers-to-keep-the-ev-tax-credit
Automakers Fight for Consumers to Keep the EV Tax Credit
November 6, 2017  Automakers are not happy about the recent plans to
eliminate the EV tax credit for U.S. taxpayers who buy a qualifying electric
car ... key industry stakeholders are now scrambling together to promote the
importance of the credit, even calling upon Congress to work with the
automakers directly so that the credit can remain in place ...
http://imagesvc.timeincapp.com/v3/foundry/image/?q=70&w=1440&url=https%3A%2F%2Ftimedotcom.files.wordpress.com%2F2017%2F10%2F17_frd_fcs_200042_electric.jpg%3Fquality%3D85
...
http://www.leftlanenews.com/automakers-lobbying-to-save-7500-ev-credit-98694.html
Automakers lobbying to save $7,500 EV credit
November 6, 2017  General Motors and Nissan worry about losing money.
At least two major car companies set aside their differences to lobby
against the proposed elimination of the federal government's electric
vehicle tax credit ...
http://lln5.mnmcdn.com/content//thumbs/2018-nissan-leaf-116_700.jpg
...
https://jalopnik.com/automakers-fight-to-keep-the-ev-tax-credit-from-getting-1820166763
Automakers Fight To Keep The EV Tax Credit From Getting Axed
November 6, 2017  And while killing the tax credit probably won't do much to
hurt sales of luxury EVs ... The Electric Drive Transportation Association,
which represents automakers, ...
...
http://autospies.com/news/Automakers-Scramble-As-EV-Tax-Credits-Go-On-The-Chopping-Block-94682/
Automakers Scramble As EV Tax Credits Go On The Chopping Block
11/6/2017  Automakers are scrambling to defend the electric vehicle tax
credit after House Republicans last week proposed eliminating it ...
Lobbyists here quickly huddled to figure out how to save the tax credit,
which the industry views as critical to promoting commercial adoption of
electric vehicle technology ...
http://autospies.com/images/users/Agent009/main/2017_Toyota_Prius_Prime_plug-in-charging.jpg



[ot
Tesla Leads List Of Short Sellers Betting The Stock Will Crash
Nasdaq-6 hours ago
... one field - short selling - continues to pester the manufacturer of
electric vehicles. ... that missed estimates and a report that it might lose
a beneficial tax credit .
...
Tesla Shorts Have Made a Killing in the Last Month
TheStreet.com-9 hours ago
Tesla is now the largest equity short in the U.S. and Canada, with short
interest ... in terms of daily mark-to-market profits were Tesla, AT&T,
General Electric Co.
...
GOP Proposes Tax Plan That US Shale Will Love And Tesla Will Hate
Forbes-3 hours ago
... for all other manufacturers of electric vehicles in the U.S., the GOP
tax plan would repeal the existing $7,500 tax credit available to purchasers
of these cars.
]



[dated]
https://www.desmogblog.com/2017/07/22/koch-fueling-us-forward-bashes-electric-cars-tax-subsidies-attack-video
Koch Front Group, Fueling US Forward, Bashes Electric Car Tax ...
https://www.desmogblog.com/.../koch-fueling-us-forward-bashes-electric-cars-tax-sub...
Jul 22, 2017 - The crux of the message is that the majority of electric
vehicle subsidies (in the form of federal and state tax credits) go to
“wealthier households ...




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EVs Survive in Senate Bill version, but not in House: gop eliminating Fed EV Tax Credit

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% Huge, enormous money$ fighting against a public EV choice = keep'm oil
addicted %

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http://electric-vehicle-discussion-list.413529.n4.nabble.com/Kill-Bill-that-eliminates-nod-needed-7-5k-Fed-EV-Credit-Koch-Kool-Aid-inebriation-tp4688459.html
]

https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/michigan-senator-urges-congress-to-retain-electric-car-tax-credit/61570375
Michigan Senator urges Congress to retain electric car tax credit
November 09, 2017  Senator Gary Peters wrote to Senate leaders that "a new
generation of jobs and families will be supported by electric vehicles.
Eliminating important economic incentives for EVs would be a step in the
wrong direction ... Automakers have invested billions in electric vehicles
and announced plans to shift significant production to plug-ins ...
...
Tax Breaks for Oil, Wind, Electric Cars Survive in Senate Bill
November 9, 2017  The Senate strategy also means that a $7,500 tax credit
for electric-vehicle purchases that has benefited companies such as Tesla
Inc. and General Motors Co., won’t be eliminated ...

http://www.ucsusa.org/news/press-release/ev-credit-ways-means
House Tax Bill Fails to Preserve Electric Vehicle Incentives—Senate Must
Protect Them
November 9, 2017  Union of Concerned Scientists- This new version, like the
first version introduced, would fully end the tax incentives for electric
vehicles at the end of this year. That's a shortsighted policy that ...

https://www.bloomberg.com/news/articles/2017-11-10/utilities-push-for-electric-car-tax-credit-as-ford-stays-neutral
Utilities Push for Electric Car Tax Credit as Ford Stays Neutral
November 10, 2017 ... many of the biggest automakers reluctant to put their
lobbying muscle fully behind a fight to preserve an incentive for a market
that only represents 1 percent of sales ...

https://www.natlawreview.com/article/does-repeal-ev-tax-credit-really-matter
Does Repeal of the EV Tax Credit Really Matter?
November 9, 2017 ... repeal should have little effect on the long-term
global trend toward mass EV ... currently 45 states and DC have some sort of
state-level incentive for electric vehicle purchases ... which could be
bolstered to make up for the loss in federal promotions ...

http://www.newschief.com/news/20171110/utilities-push-for-electric-car-tax-credit
Utilities push for electric car tax credit
Nov 10, 2017  ... action is now shifting to the Senate, which is likely to
maintain the electric car tax credit as-is. ...

https://www.cnet.com/roadshow/news/senate-gop-tax-bill-keeps-7500-ev-tax-credit-intact/
Senate GOP tax bill keeps $7,500 EV tax credit intact
November 10, 2017 ... the $7,500 credit is not a pile of cash handed to you
at the dealership. It's a dollar-for-dollar reduction of your tax liability
for that year. If you didn't pay $7,500 in taxes that year, you'll only be
credited for as much tax as you paid. Not everyone will be eligible for the
full credit …
...
http://www.motherjones.com/politics/2017/11/the-republican-tax-plan-is-an-assault-on-renewable-energy/
The Republican Tax Plan Is an Assault on Renewable Energy
Nov. 13, 2017  House Republicans also propose eliminating the $7,500 credit
for electric vehicle purchases, which analysts say “could cripple the
emerging EV market.” ...
http://www.motherjones.com/wp-content/uploads/2017/11/climate11102017.jpg?w=990
...
https://www.ecowatch.com/electric-vehicles-tax-credit-2509058367.html
 ... it will also hurt our economic, energy security and energy independence
goals ... the quantity of plug-ins sold before the credit would phase out
was set at 200,000 per manufacturer ... none have reached the 200,000
threshold for phasing out the credit ... (GM sez) "Tax credits are an
important customer benefit that can help accelerate the acceptance of
electric vehicles ... we will work with Congress to explore ways to maintain
this incentive." ...



http://www.kochvsclean.com/
Koch Brothers and their fossil fuel industry allies are waging a major
campaign to rebrand oil and gas as "innovative" and "sustainable" solutions,
and to limit consumer choice by attacking clean energy and electric vehicles
...
http://www.kochvsclean.com/charles-and-david-koch/
 ... Koch are “plotting a multimillion dollar assault on electric vehicles”
and in support of fossil fuels. This campaign arrived in August as Fueling
U.S. Forward ...
http://www.kochvsclean.com/wp-content/uploads/2016/07/Kochtopus-dirty-money.png




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 http://evdl.org/archive/


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Flake's amendment puts $7.5k credit in danger again: (update2 Kill-Bill ... Koch-Kool-Aid)

Electric Vehicle Discussion List mailing list

[ref
http://electric-vehicle-discussion-list.413529.n4.nabble.com/Kill-Bill-that-eliminates-nod-needed-7-5k-Fed-EV-Credit-Koch-Kool-Aid-inebriation-tp4688459.html
]

https://electrek.co/2017/12/02/electric-vehicle-tax-credit-senate-bill/
The $7,500 electric vehicle tax credit is in danger again as Senate passes
tax reform
Dec. 2nd 2017  Fred Lambert

Early this morning, the U.S. Senate passed their major tax bill after weeks
of debate and it looks like the federal tax credit for electric vehicles is
still in danger despite some changes since the original introduction of the
bill that removed the incentive.

After the House GOP bill was introduced with the removal of the $7,500
federal tax credit for electric vehicles, several Republican Senators said
that they were going to remove the proposal [
https://electrek.co/2017/11/09/electric-vehicle-tax-credit-preserved-in-senates-revised-tax-bill-says-senator/
] from the Senate bill.

But another amendment on Thursday was added by Jeff Flake, a Republican
senator from Arizona, which included the languange ending the federal tax
credit for electric vehicles on December 31, 2017.

      SA 1746 [
https://www.congress.gov/amendment/115th-congress/senate-amendment/1746
]. Mr. FLAKE submitted an amendment intended to be proposed to
    amendment SA 1618 [
https://www.congress.gov/amendment/115th-congress/senate-amendment/1618
] proposed by Mr. McConnell (for Mr. Hatch (for himself
    and Ms. Murkowski)) to the bill H.R. 1 [
https://www.congress.gov/bill/115th-congress/house-bill/1
], to provide for reconciliation
    pursuant to titles II and V of the concurrent resolution on the budget
    for fiscal year 2018; which was ordered to lie on the table; as
    follows:

           At the appropriate place, insert the following:

         SEC. ____. TERMINATION OF CREDIT FOR NEW QUALIFIED PLUG-IN
                       ELECTRIC DRIVE MOTOR VEHICLES.

           (a) In General.--Subpart B of part IV of subchapter A of
         chapter 1 is amended by striking section 30D (and by striking
         the item relating to such section in the table of sections
         for such subpart).
           (b) Conforming Amendments.--
           (1) Section 38(b) is amended by striking paragraph (35).
           (2) Section 1016(a) is amended by striking paragraph (37).
           (3) Section 6501(m) is amended by striking ``30D(e)(4),''.
           (c) Effective Date.--The amendments made by this section
         shall apply to vehicles placed in service in taxable years
         beginning after December 31, 2017.

The bill’s amendment was approved [
https://www.congress.gov/amendment/115th-congress/senate-amendment/1618/text
] on the bill that the Republican voted for in the Senate early this morning
(hat tip to rodney8 [
https://www.reddit.com/r/teslamotors/comments/7h1cub/does_anyone_know_if_tonights_senate_tax_bill_kept/
]).

Now the bill is going to the House, but it’s not looking good for electric
vehicle buyers at this point.

Electrek’s Take

Nothing is concrete yet, but it’s looking worse than ever for the electric
vehicle buyers. I’m not a tax expert, but it looks like there are so many
major changes in this bill that the EV tax credit is just an afterthought
seen as collateral damage.

If you were looking to buy an electric vehicle in the coming months, I would
recommend pulling the trigger right now in order not to take chances.

Last month, we posted a report on ‘How to approach buying a Tesla or any
electric car with the proposed end of $7,500 tax credit next month [
https://electrek.co/2017/11/02/buying-tesla-electric-cars-federal-tax-credit-gop-tax-bill/
].‘ It still stands for most vehicles aside for Tesla’s custom orders, which
can’t be delivered in time at this point since vehicles need to be “placed
in service” by the end of the month.

Tesla’s new inventory vehicles can still be delivered in time and we expect
that they will go fast because the timeline for the likely end of the tax
credit also matches Tesla’s end of the free unlimited access to the
Supercharger network with a purchase through Tesla’s referral program [
https://electrek.co/2017/09/28/tesla-referral-program-solar-panels-1000-credit-cars/
] (you can use our code [
http://ts.la/frederic5610
] to get the free Supercharger access).

For other electric vehicles, we also expect inventories to be limited as
people fear the end of the federal tax credit. You can check with your local
dealers for inventory: Chevy Bolt EV [
https://www.carsdirect.com/buildyourcar/style?make=chevrolet&model=boltev&src=1001054&lnk=subID
], Hyundai Ioniq Electric [
https://www.carsdirect.com/buildyourcar/style?make=hyundai&model=ioniqelectric&src=1001054&lnk=subID
], Nissan Leaf [
http://www.carsdirect.com/buildyourcar/style?make=nissan&model=leaf&src=1001054&lnk=subID
] ... [© electrek.co]



https://energy.gov/eere/electricvehicles/electric-vehicles-tax-credits-and-other-incentives
Electric Vehicles: Tax Credits and Other Incentives | Department of ...
The federal government and a number of states offer financial incentives,
including tax credits, for lowering the up-front costs of plug-in electric
vehicles (also known as electric cars or EVs). The federal Internal Revenue
Service (IRS) tax credit is for $2,500 to $7,500 per new EV purchased for
use in the U.S. ...




For EVLN EV-newswire posts use:
 http://evdl.org/archive/


{brucedp.neocities.org}

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22 U.S. mayors Urged Congress to Not Throw out EV Rebates: (Kill-Bill ... Koch-Kool-Aid)

Electric Vehicle Discussion List mailing list


[ref
http://electric-vehicle-discussion-list.413529.n4.nabble.com/Kill-Bill-that-eliminates-nod-needed-7-5k-Fed-EV-Credit-Koch-Kool-Aid-inebriation-tp4688459p4688761.html
]

http://www.motortrend.com/news/congress-urged-not-throw-ev-rebates/
Congress Urged Not to Throw out EV Rebates
December 8, 2017  Congress has been pushing to finalize a tax reform plan by
the end of the year, and it could have consequences for the future of
electric vehicles. Although the Senate wants to keep federal EV rebates, a
proposal from the House would eliminate the $7,500 tax credit that consumers
receive for buying an electric vehicle. Now ...
...
http://www.care2.com/causes/4-ways-the-gop-tax-plan-is-terrible-for-the-environment.html
4 Ways the GOP Tax Plan Is Terrible for the Environment
December 8, 2017  At points, Congress kicked around gutting the wind
industry's tax energy credit by 40 percent, with solar energy taking
additional but less devastating cuts. Although the Senate ultimately decided
not to include the ... A tax credit for electric vehicles is also in
jeopardy. Under existing tax law, people who purchase an electric ...
...
http://www.autonews.com/article/20171208/OEM05/171209790/congress-electric-vehicle-bill
Mayors, industry press Congress to keep EV rebate in final tax bill
December 8, 2017  WASHINGTON -- Electric vehicle and clean-energy proponents
are urging Congress to preserve a consumer tax credit they insist is
critical to mass adoption of the technology …
...
http://www.washingtonexaminer.com/daily-on-energy-mount-st-helens-eruption-risking-lives-37-years-later/article/2177045
Dec 8, 2017 ... AUTOMAKER TRADE GROUP URGES CONGRESS TO SAVE ELECTRIC CAR
TAX CREDITS: The Electric Drive Transportation Association, representing all
segments of the electric car supply chain, sent a letter Thursday urging
Congress to save the $7,500 tax credit for electric vehicles in the tax
reform legislation.
The House version of the bill kills the subsidy, while the Senate does not.
Now that both chambers have passed the bills, a conference committee has
been formed to reconcile the differences. So the credit could survive before
going to President Trump’s desk.
“The Section 30D credit is working as intended to promote the deployment of
plug-in electric drive vehicles by multiple vehicle manufacturers and ensure
that the United States leads, rather than follows, in this critical advanced
technology,” said Genevieve Cullen, the group’s president. “U.S. leadership
in EV technology expands our global competitiveness and creates domestic
jobs.”
...
https://www.nytimes.com/2017/12/07/climate/tax-overhaul-energy-wind-solar.html
Renewable Energy Is Surging. The GOP Tax Bill Could Curtail That.
Dec 7, 2017  The House bill's effects would be more direct, rolling back tax
credits for wind farms and electric vehicles, while increasing federal
support for two nuclear reactors under construction in Georgia. Fossil fuel
producers are under little pressure in either bill and some would stand to
benefit: The Senate legislation would open the ...
https://static01.nyt.com/images/2017/12/07/climate/07CLI-TAXBILL1/07CLI-TAXBILL1-superJumbo-v2.jpg
...
https://cleantechnica.com/2017/12/04/end-federal-ev-tax-credit-not-death-evs/
End of Federal EV Tax Credit Would Not Be the Death of EVs
Dec 4, 2017  Whether or not the US Congress ends the tax credit for electric
vehicles on December 31, 2017, it won't be a disaster for sales of electric
cars in the US in 2018 and beyond. More on that in minute. First, when the
Senate approved its version of new tax legislation on Friday, December 1,
there still was no mention of the ...
https://c1cleantechnicacom-wpengine.netdna-ssl.com/files/2017/09/model-x-bike-rack-white-right-wide-beach-570x428.jpg
...
https://www.greencarreports.com/news/1114098_if-you-plan-to-buy-an-electric-car-you-should-do-it-this-month
If you plan to buy an electric car, you should do it this month
Dec 1, 2017  But this year, there may be another reason to buy a plug-in
electric car by December 31. It's possible that the U.S. income-tax credit
of $2,500 to $7,500 for buying a plug-in car may be ended if Congress
manages to pass a "tax reform" bill. Of the two drafts for a tax bill
introduced in recent weeks, the one from the House of ...
https://images.hgmsites.net/med/2017-chevrolet-bolt_100564898_m.jpg
...
https://www.kiplinger.com/article/taxes/T009-C000-S001-last-call-for-electric-car-tax-credit.html
Last Call for Electric-Car Tax Credit?
December 8, 2017  Time could be running out on the chance for new-car buyers
to pocket a tax credit worth up to $7,500 for the purchase of a new electric
... Congress is considering pulling the plug on a lucrative tax credit for
buyers of electric cars …
https://www.kiplinger.com/kipimages/pages/17925.jpg




For EVLN EV-newswire posts use:
 http://evdl.org/archive/


{brucedp.neocities.org}

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Re: 22 U.S. mayors Urged Congress to Not Throw out EV Rebates: (Kill-Bill ... Koch-Kool-Aid)

Electric Vehicle Discussion List mailing list
Bruce posted all these articles about the fact that this new 'Tax' bill is going
to kill the federal EV credit.

Are people aware of this?

I certainly hope that they have written their representatives saying that they at
least don't want the EV credit to be taken away, I have...

Rush Dougherty
Tucson AZ 85719

> -----Original Message-----
> From: EV [mailto:[hidden email]] On Behalf Of brucedp5 via EV
> Sent: Saturday, December 09, 2017 6:41 AM
> To: [hidden email]
> Cc: brucedp5
> Subject: [EVDL] 22 U.S. mayors Urged Congress to Not Throw out EV Rebates:
> (Kill-Bill ...
> Koch-Kool-Aid)
>
>
>
> [ref
> http://electric-vehicle-discussion-list.413529.n4.nabble.com/Kill-Bill-that-eliminates-nod-
> needed-7-5k-Fed-EV-Credit-Koch-Kool-Aid-inebriation-tp4688459p4688761.html
> ]
>
> http://www.motortrend.com/news/congress-urged-not-throw-ev-rebates/
> Congress Urged Not to Throw out EV Rebates December 8, 2017  Congress has been
> pushing to finalize a tax reform plan by the end of the year, and it could have
> consequences
> for the future of electric vehicles. Although the Senate wants to keep federal
> EV rebates, a
> proposal from the House would eliminate the $7,500 tax credit that consumers
> receive for
> buying an electric vehicle. Now ...
> ...
> http://www.care2.com/causes/4-ways-the-gop-tax-plan-is-terrible-for-the-environment.html
> 4 Ways the GOP Tax Plan Is Terrible for the Environment December 8, 2017  At
> points,
> Congress kicked around gutting the wind industry's tax energy credit by 40
> percent, with solar
> energy taking additional but less devastating cuts. Although the Senate
> ultimately decided not
> to include the ... A tax credit for electric vehicles is also in jeopardy. Under
> existing tax law,
> people who purchase an electric ...
> ...
> http://www.autonews.com/article/20171208/OEM05/171209790/congress-electric-vehicle-bill
> Mayors, industry press Congress to keep EV rebate in final tax bill December 8,
> 2017
> WASHINGTON -- Electric vehicle and clean-energy proponents are urging Congress
> to
> preserve a consumer tax credit they insist is critical to mass adoption of the
> technology . ...
> http://www.washingtonexaminer.com/daily-on-energy-mount-st-helens-eruption-risking-lives-
> 37-years-later/article/2177045
> Dec 8, 2017 ... AUTOMAKER TRADE GROUP URGES CONGRESS TO SAVE ELECTRIC
> CAR TAX CREDITS: The Electric Drive Transportation Association, representing all
> segments of the electric car supply chain, sent a letter Thursday urging
> Congress to save the
> $7,500 tax credit for electric vehicles in the tax reform legislation.
> The House version of the bill kills the subsidy, while the Senate does not.
> Now that both chambers have passed the bills, a conference committee has been
> formed to
> reconcile the differences. So the credit could survive before going to President
> Trump's
> desk.
> "The Section 30D credit is working as intended to promote the deployment of
> plug-in electric
> drive vehicles by multiple vehicle manufacturers and ensure that the United
> States leads,
> rather than follows, in this critical advanced technology," said Genevieve
> Cullen, the group's
> president. "U.S. leadership in EV technology expands our global competitiveness
> and
> creates domestic jobs."
> ...
> https://www.nytimes.com/2017/12/07/climate/tax-overhaul-energy-wind-solar.html
> Renewable Energy Is Surging. The GOP Tax Bill Could Curtail That.
> Dec 7, 2017  The House bill's effects would be more direct, rolling back tax
> credits for wind
> farms and electric vehicles, while increasing federal support for two nuclear
> reactors under
> construction in Georgia. Fossil fuel producers are under little pressure in
> either bill and some
> would stand to
> benefit: The Senate legislation would open the ...
> https://static01.nyt.com/images/2017/12/07/climate/07CLI-TAXBILL1/07CLI-TAXBILL1-
> superJumbo-v2.jpg
> ...
> https://cleantechnica.com/2017/12/04/end-federal-ev-tax-credit-not-death-evs/
> End of Federal EV Tax Credit Would Not Be the Death of EVs Dec 4, 2017  Whether
> or not
> the US Congress ends the tax credit for electric vehicles on December 31, 2017,
> it won't be
> a disaster for sales of electric cars in the US in 2018 and beyond. More on that
> in minute.
> First, when the Senate approved its version of new tax legislation on Friday,
> December 1,
> there still was no mention of the ...
> https://c1cleantechnicacom-wpengine.netdna-ssl.com/files/2017/09/model-x-bike-rack-white-
> right-wide-beach-570x428.jpg
> ...
> https://www.greencarreports.com/news/1114098_if-you-plan-to-buy-an-electric-car-you-
> should-do-it-this-month
> If you plan to buy an electric car, you should do it this month Dec 1, 2017  But
> this year, there
> may be another reason to buy a plug-in electric car by December 31. It's
> possible that the
> U.S. income-tax credit of $2,500 to $7,500 for buying a plug-in car may be ended
> if
> Congress manages to pass a "tax reform" bill. Of the two drafts for a tax bill
> introduced in
> recent weeks, the one from the House of ...
> https://images.hgmsites.net/med/2017-chevrolet-bolt_100564898_m.jpg
> ...
> https://www.kiplinger.com/article/taxes/T009-C000-S001-last-call-for-electric-car-tax-
> credit.html
> Last Call for Electric-Car Tax Credit?
> December 8, 2017  Time could be running out on the chance for new-car buyers to
> pocket a
> tax credit worth up to $7,500 for the purchase of a new electric ... Congress is
> considering
> pulling the plug on a lucrative tax credit for buyers of electric cars .
> https://www.kiplinger.com/kipimages/pages/17925.jpg
>
>
>
>
> For EVLN EV-newswire posts use:
>  http://evdl.org/archive/
>
>
> {brucedp.neocities.org}
>
> --
> Sent from: http://electric-vehicle-discussion-list.413529.n4.nabble.com/
> _______________________________________________
> UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub
> http://lists.evdl.org/listinfo.cgi/ev-evdl.org
> Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
>
>
>
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