October 1, 2022

Electric powered Vehicles Just Went UPWARD In Price

Makes Democrats’ $7500 tax credit for EV buyers even more pointless

Electric cars manufacturers have hiked their own prices pretty much across the plank, effectively completely cancelling away government tax credit incentives signed into law by Democrats this week.

Under the ‘ Inflation Reduction Act’, which financial experts say will not decrease inflation, anyone buying a new EV with a battery which was built in North America is eligible for a $7500 credit.

That already discounts most EVs .

Less than a third are eligible

As for the rest, well they’ve gone up in price by thousands of dollars.

General Motors  provides hiked the cost of an electric Hummer simply by $6, 250 and Ford  has “ updated” the cost of its EVs by $6, 000 to $8, 500.

So much for that green transition.

As we have repeatedly highlighted, EVs cost on average $67 thousands of dollars and are already completely unaffordable to most Americans.

That hasn’t halted Biden energy minions touting them being a solution to high gas prices:

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