Posted on 08/21/2022 6:19:22 AM PDT by SES1066
On Aug. 9, just before President Biden signed the Inflation Reduction Act into law, Ford announced that due to inflation it will raise the prices of its electric F-150 Lightning pickups between $6,000 and $8,500 — effectively canceling out the $7,500 federal EV tax credit applicable to the vehicles under the $740 billion tax and spending measure. --- According to CNBC, Ford is only the "latest automaker to increase pricing of their newest electric vehicles amid rising inflation and commodity costs," joining General Motors, Rivian Automotive, Lucid and Tesla.
(Excerpt) Read more at justthenews.com ...
Next, look at the history of how these IDIOCIES distort the marketplace(s). Remember ObamaCare and the oh too memorable quote of annual savings by the 'D'onkey Party? Guess who saw profit in raising costs to cover the added overhead and perhaps some profit? Same probably applies to colleges where tuitions rise far above inflation because the FEDERAL student loans push off the actual sticker shocks!
Color me DISGUSTED!
LMAO
anyone who wonders why college has gone up so much in price...
THIS is why!
The cost of anything will always be what people are willing and able to pay for it. If the government gives you money for it.. the price will be what the government gave you plus what you were willing to pay for it.
Prices reflect demand more than anything else.
So, if they thing they can charge XYZ, they will charge XYZ, regardless of subsidies. The subsidy just goes straight to profit.
IMHO, the government should NOT be involved in any commercially-applied new technology.
IF that “new technology” can’t stand on it’s own feet and openly compete with existing technology, then it’s not really viable. When govt gets involved in technological exploitation, it distorts open competitiveness and creates a host of corruption and backdoor ‘deals’.
Same thing at colleges.
Several years ago at our annual campus-wide faculty meeting, the university president responded to complaints about skyrocketing tuition rates. He admitted that the reason was federal and state aid. He displayed a chart showing that every time aid went up, the university increased tuition by at least the same amount. That’s why in my 28 years there, tuition went from $2100 a year to $13,300.
This bullshit must be brought to a screaming halt! Enough is enough!!
Didn’t Joe also put a 15% tax on them ? LOL
Are you saying that Ford is exploiting the tax credit?
Never mind inflation and the increase cost to make a car?
Seems to me the primary blame goes to our government spending money it doesn’t have, the EV take credits themselves and the inflation caused by all of that.
Or. Ford realized that the price of it’s electric truck was far below the cost of profitable production.
"Ford and GM told Fox Business that their price increases were not related to the passage of the Inflation Reduction Act."
You believe them, right? Right?
Ford’s EV World or Die ,LoL well bye Ford
The “government,” meaning the politicians in office, never do anything for “the people.” They always do things for themselves. While “the people” might give them few dollars, corporations can arrange for bribes. Those bribes are nothing so crass as cash. It’s money to a PAC, which then supports them with advertising.
Just like college where obviously nobody has learned anything.
Another article on this vehicle that conveniently leaves out the fact that the top trim level is gonna run right at $90,000.........WHAT?!
Someone here told me car companies don’t do these things to recoup for govt induced profit loss.
Loss of market share and revenue is the result of inability to compete. This loss of market is a fact in spite of government efforts to protect the UAW
“Or. Ford realized that the price of it’s electric truck was far below the cost of profitable production.”
This is just another case of govt force used to make people pay for something whether they choose to use it or not. The buyers of the product pay the normal price of acquisition, the non-buyers pay a tax for not buying.
Those will be bought by wealthy farmers with the subsidy money they get for not growing crops to drive to the coffee shop every morning where they talk with their buddies about how the country is going to hell.
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