Trump order freezes funding for Illinois EV charging network

[evowner]

That's a bipartisan problem. The previous administration didn't follow laws either.

That is not true. They followed the law to a fault. That is why we are in a really bad place now.

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[lightspeed]

fossil fuel subsidies range anywhere from 1,1 trillion to $7,000,000,000,000.00 depending on which measurement you use. Imagine how oil companies would react if the same freeze was put on the fossil fuel subsidies?

https://en.wikipedia.org/wiki/Fossil_fuel_subsidies

These kinds of half-truths/distortions just make people who aren't concerned with CO2 more angry. It does nothing to convince them of the value of reducing CO2.

NO. There are not $7 trillion in oil subsidies. Reduced taxes and various tax deductions do not equate to "subsidies." Also, adding some theoretical value of "unpaid externalities" does not equal subsidy.

Lower energy prices benefits everyone. The path to lower CO2 includes using a lot of oil to build the things that switch the world to an electric economy.

If the government reduces my taxes from 50% to 25%, they aren't subsidizing me.

 

[flyct]

…….If the government reduces my taxes from 50% to 25%, they aren't subsidizing me.

I like that logic. So when the government reduced my tax liability by $37,500, the 7 times I’ve collected the EV tax credit, I can tell my friends that it wasn’t a subsidy. It sure feels like it was.

The $7trillion was a stretch but I don’t know if the $1 trillion fossil fuel subsidy was a stretch.

 

[lightspeed]

I like that logic. So when the government reduced my tax liability by $37,500, the 7 times I’ve collected the EV tax credit, I can tell my friends that it wasn’t a subsidy. It sure feels like it was.

I know what you're getting at, but it's a game of 'who gets more f-d by the gov' which doesn't mean the people slightly less f-d are subsidized, they are just slightly less f-d.

I guess it's a glass half-full vs glass half-empty argument. People who believe that super high taxes are the natural state, see any lowering of them as a benefit.

 

[Grease Lightning]

That's a bipartisan problem. The previous administration didn't follow laws either.

That’s because the politicians are crooks, and worst of all most are lawyers to boot. So heaven help us…..

 

[tearitupsports]

Maybe this is not to cut EV charging, but so the Tesla network remains the top charging network...

 

[Firn]

Reduced taxes and various tax deductions do not equate to "subsidies."

If the government reduces my taxes from 50% to 25%, they aren't subsidizing me.

That absolutely IS a subsidy.

• Subsidies
  A benefit given to a person or business, usually by the government. Subsidies can be direct, like cash payments, or indirect, like tax breaks.

 

[luebri]

Maybe this is not to cut EV charging, but so the Tesla network remains the top charging network...

If that were the case.... it would mean the private market is allowed to play itself out without heavy handed Government intrusion? Noble concept of a capitalist country. Sounds good to me.

Before everyone goes crazy, yes I know Tesla has taken some subsidies for their Network... but so have others. Any company is dumb to not maximize whatever access to Government gravy they can get their hands on even if they think such gravy should not exist.

 

[Nikos]

Again,

Just foolishness. The EV decisions by some of these folks is just perplexing. The wheels of progress being slowed by lack of vision. So frustrating. Good news is the vehicles are as advertised and will save us all money over time. The monthly impact to our budget since EV acquisition has been substantial. Plus, never standing out in the cold to pump gas again is quite nice.

Folks, I used to budget $400+ a month for fuel expenses. I replaced my three vehicles with V6 and hybrids and still I had to budget $300 a month. The only vehicle that consumes fuel is my convertible Mustang GT. $30 per month or less just to take it on a drive to circulate the oil and charge the battery.

The energy that I use is now around $60 a month included in my power bill.
The administration can wish that the incentives will be gone but it is only wishful thinking.
I am not going back to fossil fuel vehicles other than what I have now.
For those who are thinking that the federal credit is not going to be there tomorrow, go ahead and get yourself into an EV. It was nice to get the credit but 4-5 years ago there were different times. I know better now and I will get another EV federal credit or not.
Like I said earlier, most of the stuff will not be affected. Congress has to rule on all of them. It will be interesting to watch the proceedings in Congress.
Remember also that Elon mentioned that the federal credits would not affect any future Tesla customers purchasing vehicles. He knows that Congress is a different entity than the Executive Branch. China is also on Elon’s and Donald’s mind. The consequences can be severe.

 

[Duke_239]

I like that logic. So when the government reduced my tax liability by $37,500, the 7 times I’ve collected the EV tax credit, I can tell my friends that it wasn’t a subsidy. It sure feels like it was.

The $7trillion was a stretch but I don’t know if the $1 trillion fossil fuel subsidy was a stretch.

You are correct. It feels like a subsidy. See what they did there?

 

[RickKeen]

Government should not be offering subsidies (or tax breaks) in any business that is already profitable.
Oil companies are making record profits. They are already incentivized to sell as much oil as they can. No point in padding their record profits - its not going to make them produce any more oil. (and even if they do, they are just going to export it to other countries who are bidding up the prices on a global commodity)

Same thing on EVs. Tesla already profitable beyond the subsidy. No point to subsidize an industry once its already over the hump.

 

[Firn]

Government should not be offering subsidies (or tax breaks) in any business that is already profitable.
Oil companies are making record profits. They are already incentivized to sell as much oil as they can. No point in padding their record profits - its not going to make them produce any more oil. (and even if they do, they are just going to export it to other countries who are bidding up the prices on a global commodity)

Same thing on EVs. Tesla already profitable beyond the subsidy. No point to subsidize an industry once its already over the hump.

I hate to justify subsidies for oil here but without them the price of fuel would be much higher (can maybe look to Europe here). If that happens it impacts the lower income the most.

With EV subsidies I disagree. Tesla may be over the hump but others are not (yet). I think we are close, very close, to the tipping point but IMO stopping the subsidies now quite possibly could handicap the likes of Ford, GM, etc. I would really hate to essentially hand the market over to Tesla because we didn't support the legacy automakers, or more importnatly NEW automakers (Rivian, etc), long enough.

 

[earlyadopt]

Again,

Just foolishness. The EV decisions by some of these folks is just perplexing. The wheels of progress being slowed by lack of vision. So frustrating. Good news is the vehicles are as advertised and will save us all money over time. The monthly impact to our budget since EV acquisition has been substantial. Plus, never standing out in the cold to pump gas again is quite nice.

No kidding, I sit back and wonder why people are happy to fill the pockets of the gas companies. Every holiday the price magically increases. The ICE vehicle owners actually like it, going for a hair cut every holiday at your expense. What was the definition of insanity again??

 

[earlyadopt]

https://www.yahoo.com/news/trump-order-freezes-funding-illinois-110000001.html

Trump order freezes funding for Illinois EV charging network, raises questions about other clean energy projects

EVs and their chargers appear to be a prime target of Trump’s “Unleashing American Energy” executive order, but they are by no means the only Illinois clean energy projects that could be in for a bumpy ride as the president takes bold steps to reverse the ambitious clean energy policies of his predecessor.

The executive order pauses funds coming from President Joe Biden’s signature climate law, the Inflation Reduction Act, including incentives for solar and wind projects and a federal tax credit of up to $7,500 for EV buyers.

He got voted in, be careful for what you ask for, you just might get it. I guess Trump is saying "how do you like me now"??

 

[luebri]

He got voted in, be careful for what you ask for, you just might get it. I guess Trump is saying "how do you like me now"??

and approximately ~50% will be very happy with that, and ~50% will dislike it with deviation of +/- a few points based on topic at hand. Thats American politics. I for one think NEVI was a disastrous waste of taxpayer money, but I understand that opinion is not popular on an EV forum.

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