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this post was submitted on 29 May 2024
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Donald Trump says random bullshit he cannot deliver on, that will appeal to his most rabid supporters.
The Biden Tariffs have way more impact on total EVs sales than reducing the EV credit to $0. The tariff blocks $6k EVs from enter the US, the credits just knocks $7.5k off a $50k car.
Like I get that us here in the United States are wary of Chinese things, but let's all be honest, American car companies aren't going to produce a sub $20k EV anytime soon. LiFePO₄ batteries have been a thing for some time now, the excuse the batteries are the main cost of the car is faux argument that US makers just aren't ready to stop subsidizing their other vehicle platforms with EV sales.
Trump's arguments won't do shit no matter which side of the aisle you sit. The thing killing wide adoption in the US of EVs is the US EV makers.
US carmakers aren't subsidizing their other vehicle sales with EV sales. They're literally losing money on every EV sale. If anything it's the polar opposite. Tesla is the only company thus far that has figured out how to build a profitable EV.
https://www.caranddriver.com/news/a60621256/ford-ev-revenue-losses-q1-2024/ https://fortune.com/2024/04/24/gm-earnings-beat-gas-ev-electric-trucks-profitable/
It's not that the other companies can't figure out how to make a profitable EV, it's just that they only dip their feet in the water. Giant SUVs and petrol economics are a hard drug to shake.