Biden Administration Finds Loophole in the Tax Credit for Electric Vehicles
To Senator Manchin’s dismay, Biden’s Treasury Department is allowing the tax credit for electric vehicles to be claimed if the vehicle is leased regardless of where the battery components and vehicle...
View ArticleEV Car Mania May be Over, or at Least Slowing
Electric car manufacturers in Europe are slowing down production because battery cars have proven too expensive for the middle class and the supply of lithium for their batteries is too uncertain....
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Tax Credits to Battery Manufacturers in the Inflation Reduction Act May Cost...
Government subsidies get people to buy products that would otherwise fail in free and open markets. A perfect example is electric vehicles and their component parts. President Biden’s spending package...
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Operating Costs of Electric Vehicles Are Catching Up, and in Some Cases...
A recent study by the Anderson Economic Group found the cost to fuel certain electric vehicles to be higher than similar gasoline-powered cars for the first time in 18 months. In the fourth quarter of...
View ArticleElectric Cars Scrapped Over Minor Battery Damage, Driving Up Insurance Costs
Minor damage to an electric vehicle battery pack can lead to the entire car being totaled, leaving the expensive battery packs piling up in the scrapyard and causing higher insurance premiums. With no...
View ArticleU.S. Treasury Department “Loosely” Interprets EV Subsidies in the Inflation...
Senator Joe Manchin, Chairman of the Senate Energy and Natural Resources Committee, is not happy about how his wording in the Inflation Reduction Act is being interpreted by President Biden’s...
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