Not tax-credit related, but timely:
I would love to the final plan give businesses a tax credit for like this for installing ev charging.
Not tax-credit related, but timely:
I would love to the final plan give businesses a tax credit for like this for installing ev charging.
Great! Now I can top up the EV and get a big Gulp at the same time
I think the last time I saw a 7-Eleven was on nearly every corner in Tokyo.
āWe have a dealā
The framework will include $579 billion in new spending, the White House said.
- $312 billion will go to transportation, with $109 billion invested in roads, bridges and other major projects, $66 billion in passenger and freight rail and $49 billion in public transit
- Only $15 billion will go toward electric vehicle infrastructure and electric buses and transit, a fraction of what Biden first proposed
- The plan would put $266 billion into nontransportation infrastructure
- It includes $73 billion for power, $65 billion for broadband and $55 billion for water
We will have to wait and see what the breakdown is.
Looks like itās going towards charging infrastructure. No additional funding for ev rebates.
Which is really where it should go at this point
There is another bill in markup Iāve been watching. This is one of at least 2 bills, possibly 3, so still TBD.
The news made mention of the fact that this infrastructure deal has no entitlement spending. Highly unlikely we will see rebates included in this deal.
Which ones are those?
Because you already got your $7,500 lol
Senate-side:
If you look at the Chairmanās mark, starts on page 26
On the House-side, Peter Welchās Electric Car Act announced this back in Feb
has gone no where, odd considering how allegedly powerful the Energy Commerce committee is
who donāt seem in a rush to markup that bill?
I certainly am not going to say no to them throwing money at me, but there really isnāt any reason why the gov should be subsidizing people like me leasing a $75k luxury vehicle.
If you build it, they will come.
Without that incentive would you have switched?
I already was looking at EVs. I wouldnāt have jumped quite so soon (although thatās a result of a lot more than just the $7500), but I was planning on probably going EV next.
We all will at some point. But the incentive did just what it was designed to do - to get you to get an EV.
I donāt think itās designed to only get poor people to convert to EVs because the rich are just dying to do it on their own.
To what end though? Getting me to move to an EV 1 year sooner doesnāt really justify $7500 of income redistribution. Thatās a lot of money spent on very minimal gain.
Investing that money into infrastructure so that more people can even consider an EV as an option would seem to be a better approach to mass acceptance, which is the only thing thatās going to do much good.
Thereās also the whole issue of whatās going to happen to our infrastructure if they actually are successful in getting mass ev adoption.
Different problems
Iām not saying youāre wrong in identifying the problems. Iām just saying the incentive to buy an EV worked. Now the idiots have to decide how to fix the infra. And btw itās not just build out of infrastructure. Itās also about having a set of standards.
Well, thereās 2 different topics when weāre talking infrastructure hereā¦ thereās having available chargers, and I agree that having a standardized charging system makes sense (I canāt see Tesla winning that battle), but thereās also the overall electrical grid to supply the power. Any sort of significant level of EV adoption would be a major burden on the current electrical infrastructure in most of this country.
The good news is much of the charging can be backed by solar in much of the country during the early day during non-peak demand (e.g. not 4-9pm), or at homes overnight where there is excess capacity. Additionally, charging demand is predictable and controllable. You can incentivize people to avoid charging at peak hours. I donāt think the grid will be nearly as challenged with EV adoption as it is with peak-weather events.