Reply To: New Tax Credit Bill

Aptera Community Aptera Discussions New Tax Credit Bill Reply To: New Tax Credit Bill

Aptera Community Aptera Discussions New Tax Credit Bill Reply To: New Tax Credit Bill

  • Joshua Rosen

    Member
    September 13, 2021 at 8:25 am

    The Biden administration has zero interest in the environment, this bill is about the UAW and the UAW alone. If this was about the environment the credit would be tied to miles/KWh and if it was rational it would be capped at a much lower level. $12,500 is obscene. I’d rather there be no subsidy at all, let the market sort things out. When the original bill was passed the tax credit made sense, batteries cost $1000/KWh at the time. It was a way of jump starting the technology so that the costs could come down. They are down enough at this point where EVs are competitive on their own. Aptera plans to start at $26K, that’s really cheap for any car. The average new car in the US is over $40K. Even GM was able to price the Bolt in the very low 30s, if LG hadn’t screwed them that would have been a very affordable car.