EV tax credit increase to $12,500 in Biden's latest proposal as of 10/28

[jjswan33]

I suspect "they" decided to draw a line in the sand and for whatever reason 400/800 is what they picked (which by the way is a weird set of thresholds considering how federal tax brackets work - wouldn't it just be easier to fix it to the top bracket?).

400k is set because Biden promised not to raise taxes on anyone making less than 400k a year.

With the price cap they are doing it without saying they are doing it.

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[AndroidAppBundle]

When are people going eligible for this? Last I heard, no bills have passed....

 

[Sgt Beavis]

When are people going eligible for this? Last I heard, no bills have passed....

IF it passes, it would take effect on Jan 1, 2022.

 

[R_1_T]

When are people going eligible for this? Last I heard, no bills have passed....

Note that the latest version of the infrastructure package is going after "Digital Assets".
Sec. 80603
https://www.congress.gov/bill/117th-congress/house-bill/3684/text

If you hold Crypto assets - be assured they're coming for your wallet...

 

[linkwpc]

IF it passes, it would take effect on Jan 1, 2022.

If its does passes, there are going to be lots of white/silver R1Ts without no options. I got to go white too!

 

[Mcfly Rivian]

If its does passes, there are going to be lots of white/silver R1Ts without no options. I got to go white too!

I'm already set to make those changes. Leaving too much money on the table if not. You could either spec a no option adventure trim and go aftermarket wheels/tires and skid plates. Or load up an explorer trim, paint, wheels, OR package ect.

 

[Acoustic71]

The first 200k Rivians sold will get the $7,500 federal tax credit, under the currently existing law.

 

[Acoustic71]

Thank you. I was going to point this out

 

[DTM]

Compares keeping an existing ICE to buying an EV. I find this guys content pretty solid

This youtube video completely misses all of the environmental damage done by the extraction, transportation, refining & burning of the oil & gas used in today's ICE vehicles. It is not a through investigation.

 

[Husky22]

There is nothing "Better" about this...
Nothing is free, despite what spin is put on it.
Stop spending money we don't have.

Well, that's not very woke

 

[R_1_T]

Well, that's not very woke

I'd rather be awake...

 

[Sgt Beavis]

If its does passes, there are going to be lots of white/silver R1Ts without no options. I got to go white too!

If you get the Explore pkg, you can get quite a few options..

 

[BigE]

I saw this morning, something like 25 manufacturers are preparing to sue through the WTO if the EV “Made in America” stays in the bill. Highly doubtful the Union provisions will make it to light of day, but Biden can say he tried.

 

[DucRider]

It is likely the "Made in US" provisions will be dropped completely and we will be left with the MSRP and income caps.

A phased reduction for vehicles over $xx would be better than a hard cutoff line. It would make adding things you want to a build more expensive, but wouldn't introduce an artificial $7,500 jumap at a specific threshold.

 

[Zoidz]

... people advocated for nuclear, simply don’t know what they don’t know and the single reason it won’t be a major component of the energy mix going forward is very, very simple: economics.
...
In Pennsylvania, nuclear plants cannot generate electricity and make money for their owners without help from the state. It’s why TMIs remaining reactor was shut down a few years ago. Several other plants in PA, are being shut down soon or are already in the process.

I'm advocating for it, and in my case, I do know what I know and don't know. What I know is alot more than the average person - my first engineering job was with Bechtel Power Corporation as an engineer at a nuclear project in Pennsylvania. I saw the good, bad and ugly of it (budget/cost/money was secondary to "Git 'er done"), and today I stay in touch with friends still in the discipline. All of the economic problems - construction cost overruns, change orders, "improvements", etc. that took place back then, and all of the operating losses today go back to one simple problem. Westinghouse and GE (as well as the Russians, etc.) took tiny prototype reactor designs from the 1950s and just scaled them up by huge factors. By the late 70s, everyone in the industry had realized that was a huge mistake (literally) but it was too late, with dozens of plants built or near completion. It would be similar to blindly scaling a Rivian R1T up to be the largest ever quarry dump truck. Just make that battery pack 100 times bigger - what could go wrong?

Small Modular Reactor (SMR) projects are taking place in other countries. NuScale Power in the US has DOE approval and plans to bring an SMR online in 2026. Also, Canada, Russia and the UK (Rolls Royce) are all planning SMRs. There's been a ton of economic scrutiny on these designs/companies. As the saying goes, what's the cost of continuing on the current path? Solar and wind are part of the answer, but can't and won't fill the coming demand for electricity.

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