The Inflation Reduction Act Is Screwing Up the Market for Electric Vehicles

Reason ^ | 3.24.2023 3:25 PM | JOE LANCASTER

[TBP]

Volkswagen unveiled a cheap new electric concept car, but protectionist policies mean it's not worthwhile for the company to introduce it in the U.S.

[The Antiyuppie]

Everyhing Dems touch turns to sh….

[Mariner]

“but protectionist policies mean it’s not worthwhile for the company to introduce it in the U.S. “

It’s not a bug, it’s a feature.

[Tell It Right]

Agree that the new EV tax credit rules (changed in the Inflation Raising Act) are very much a factor in limiting supply of cheap EV's. Also there's the existence of the EV tax credit itself: artificially inflating the price of any EV it applies to. Just like everything else the government subsidizes. Government, quit "helping"!

However, I don't cry any tears for Volkswagen. Our car tariffs and such are child's play compared to Germany's protectionist car policies. This is where I, who likes free trade, agree with Trump on. Don't call it "free trade" if we drop our tariffs and limitations but the other country doesn't. We can win most any trade war because they usually need us more than we need them. Of course, the EV regulations aren't about getting Germany to drop their import tariffs and such. Just thought I'd throw that out there.

[central_va]

$26,900 is considered entry level. LOL.

[Recovering_Democrat]

So there is a silver lining.

[central_va]

Tariffs are fine. The EU is welcome to drop their tariffs.

[bray]

Translation: There is no market for EV idiot wheels.

[central_va]

All we need is another imported EV sh!t box for sale.

[Secret Agent Man]

Socialists socialist up the economy and then blame “capitalism”.

[SPDSHDW]

my first car, a 1994 explorer, full limited trim, per its build order, was 25k off the line. found the paperwork under the carpet when I got it in 2014.

my barebones base stick shift 94 ranger was MSRP 12k.

[SPDSHDW]

I bet you VW won’t bring it here because it won’t meet the NTHSA Crash ratings.

Most foreign cars won’t meet that or the emissions.

[gibsonguy]

“I bet you VW won’t bring it here because it won’t meet the NTHSA Crash ratings.”

Ding ding chicken dinner.

[Jacquerie]

I look forward to a President Trump who ruins the US automotive industries and suppliers that went in all fascist with the rats.

[fruser1]

We already have plenty of golf carts.

[PGR88]

If that car also insulates its owner from having to worry about fluctuations in the global oil market, even better.

Another of the great lies of the green/EV promoters

Will your EV protect you from rising electricity prices?

Since baseload demand (and renewable back-up demand) for electricity is increasingly natural gas, you won't get "fluctuating" electricity costs - you'll only get RISING electricity costs.

[TBP]

In today’s market.

[TBP]

A very small one, made smaller by silly policies.

[jdsteel]

Inflation’s a you-know-what. Starts with B.

[BipolarBob]