There are plenty of examples of BS loans, grants, and government projects. I haven't looked into the details of Rivian's loan, but I'm sure it has some questionable terms.
However, the much bigger concern is that a competitor (Elon Musk and Tesla) would be the one's to audit the loan and decide...
The point of the tax rebate is to convert all ICEV to EVs by 2035. In order to do that you need all OEMs to have a robust lineup of EVs.
If CA only has the budget to support 200k EV rebates per year as an example, why give the majority of the benefit to Tesla. It would be a better investment...
I still think this is mostly a negotiating tactic, but I'll offer one more argument.
If California has a limited budget to support a $7500 EV tax credit, they will likely need to find ways to limit the number of vehicles that receive the credit. The best long term situation for California (and...
California doesn't want to pay for the credit themselves. This is a negotiating tactic.
Don't get mad at California for playing the game when Elon/Trump are planning to destroy climate initiatives at the federal level.
I'm not a fan of these types of politics, but it's hard to argue that Elon/Tesla didn't have this coming.
He chose to be one of (if not the biggest) supporter of a very polarizing administration, and is already pushing policies that will benefit his companies while hurting the competition...
This is probably a negotiation tactic for the CA government. Get Elon (if he even cares about Tesla anymore) to reverse his stance of eliminating the Federal credit, and help pressure the Trump administration, or else. It might be a smart move by CA.
The original federal tax credit had a production limit cap. Once an OEM sold 250k (can't remember the exact number) EVs, they no longer qualified.
California might be trying a similar proposal. Limiting the credit to the first 50k EVs sold per OEM each year as an example.
It likely would be a...
I’ll get some more pictures in the morning. I didn’t realize I had the suspension set to low until I uploaded the pictures. It does make it look a bit funny.
I'm finally installing the wheels today. I'll post some pictures of our R1S with the wheels tonight or tomorrow. Headed to the mountains over the holidays and we are supposed to get several feet of snow. Looking forward to testing these out.
I was unable to remove the stains and neither was my PPF installer. The only solution was to replace the PPF. It was not cover by Xpel warranty so I was going to have to pay out of pocket (my installer was going to offer a discount).
I ended up not replacing the PPF and left it as is with the...
GM originally reported 90k Hummer EV reservations.
https://insideevs.com/news/658768/gmc-hummer-ev-suv-reservation-figures-details/
Lucid supposedly had 34k for the Air and were going to start reservations for the gravity in early 2023...
The credit may help a few buyers, but 80% of EVs today are now being leased. Rivian offers really attractive lease rates, and leasing gets you the $7500 credit. Just look at the Model X vs R1S.
Model X: $1099/month with $7500 down
Rivian R1S: $675/month with $7500 down
So if Tesla offers poor...
But this exists today. It's called Uber, Lyft, and public transportation. Many people could save a lot of money by going from 2 vehicles to 1 vehicle and using existing services, but they don't. Instead they have a giant pickup truck and a giant SUV. People love their cars and want the freedom...
I actually love to drive, and unless FSD is truly full self driving, where I can completely stop paying attention to the road, it doesn't have any value to me. I have no desire to simply baby-sit a computer doing an okay job and driving, yet try to kill me at a moments notice.
According to the...
Just received mine this weekend. They look great.
I won't be putting them on for a couple of months as they will be our winter wheels. Installing Blizzaks on them.
We love our Ioniq 5. The N is very tempting, but for that kind of money I would seriously consider the BMW i4 M50 instead. My 25 year old self wants the 5N, my mid 40's dad self say get the BMW. Very different vehicles.