House Version of Tax Bill Eliminates $7500 EV Credit, Fast Charging Installs Down,Other Energy Tax Credits likely gone along with CA Emissions, $250 Fed Tax Road Use Fee for EVs:
This will cost me $500+ per year per ev in PA (PA charge $200 in 2025 & increase to $250 in 2026 for ev yearly registration). Since I still plan to replace my commuter with ev, this will make the used price cheaper too. I’m not happy with the increased ev cost (tires, insurance & this tax) but I don’t think I’m going back to ice for my commuter.
The gas tax receipts have been diminishing for years so there’s rationale for the “fee” though that $100 on hybrids will hit a lot more cars. It is a punishment on EV owners based on equivalent gallons.
But we’ve got the rest of the year for hacking cheap leases as manufacturers look to ditch inventory.
Reconciliation bills take a long time to workntheir way through the Senate. Let’s circle back in a few months. The hard part of getting this spending bill passed has just begun.
Agreed, this bill is a long ways from signature. The Senate gets to carve it up next. It will be interesting to see if the EV provisions get changed any.
Federal gas tax is 18.4cents/gallon. $250 ev tax is equal to 1,358 gallons. Assuming 30 mpg, that is 40k miles per year. We haven’t even touch the electricity cost & state ev tax.
Like with everything this government does, the treasury bond market will have the final say. The 30 year is over 5%, since it thinks a US default is far more likely due to increased spending from this nonsensical tax bill. I think the final bill, if there even is one, from the senate, will be a far more watered down version of this.
In the short and medium term, yes, the EV thing is going to die for a bit. So yes, it will suck. But this, too, shall pass…
The only thing that could kill this bill is the markets continuing to react very negatively. It is going to add a ton to the national debt. And if we have to finance that debt at 5% plus…oh boy.
I don’t know which direction they’re playing with him. Giving Tesla favorability with tariffs, but then slapping down their $7500 and adding fees.
Guess my F-150 lightning is my first and last EV. I’m not paying $1250/year in effective registration cost to drive this thing. I’ll go get an equally road destroying Ram 2500 and save the money.
What I can’t figure out is why NADA is against the electrification push. US taxpayers shoveling trillions of incentives to help buyers scoop up products sold by NADA members should be a boon. But instead NADA is like - nah, make that money go away… they want to make it harder for people to buy cars lololol.
So many budget EV’s were used as dumping grounds for negative equity. Take away the incentives and subventions, and people won’t be buying anything since they’re stuck/broke.
Really? 1. They are GOPs who dislike EVs as a principle and 2. They associate EVs with Tesla going around franchise dealerships and selling direct to consumer.
So PA is making me pay this “fair” fee on both my vehicles, which is completely out of line with what ICE drivers pay for road usage via gasoline tax, and they’re forcing me to pay it via check or money order…way to further annoy people that are clearly interested in advanced technology by making them send you paper in the mail in 2025.