Ford, GM Raise Electric Vehicle Prices, Offsetting Tax Credits...

Ford, GM Raise Electric Vehicle Prices, Offsetting Tax Credits in Biden’s ‘Inflation Reduction Act’

https://www.cnsnews.com/blog/craig-...rices-offsetting-tax-credits-bidens-inflation

Ford and General Motors have announced price increases for their electric vehicles, essentially offsetting the electric vehicle tax credits contained in Democrats’ “Inflation Reduction Act.”

The price hikes effectively negate the potential tax benefit of buying one of the manufacturers’ new electric vehicles, The Daily Wire reports:

Well, there it is. The Biden Inflation Reduction Act starts off with a backward step. Curious that the increase in price is basicly what the government subsidy is. Well maybe not so curious. This is crony capitalism in action, whereby politically connected capitalists collude with the government to [expletive] the consumer. The little people, as taxpayers, get to pay the subsidy, and they then can pay the increased price.

 

Do you think it was a payoff to For and GM?

 

It must be collusion, and not that a corporation saw an opportunity to make more money for their shareholders. They'd only think to do that if the government told them to. Businesses never do things like that.

I work in the manufacturing industry and prices have been going up about every 3-5 months, by 5-15% or more. Everyone's prices are going up. There are posters who remind us all of that every day in the Current Events section. The tax credit was going to be a plus for GM and Ford, an incentive for more people to buy. They kind of shot themselves in the foot. Yeah they'll make a little more per car, but they'll probably sell less than they would have.

 

The only beneficiaries from this bill are the pay to play people. Increase tax credit for solar panels? How about telling these solar panel producers and installers to lower their price for customers after receiving free money from taxpayers instead of this lame ass tax credit? Higher tax credit but longer payback and break-even point. What a joke. As for taxpayers, you got hosed.

Just checking the price.

4.80 kW Solar Panels
$12,912

Cash Price
$12,912

Federal Tax Credit
-$3,282

Solar Renewable Energy Credit
-$288

Price After Potential Incentives
$9,342

 

Just a coincidence that the price increase matched the tax credit?

 

No, I'm sure that was on purpose. For the buyer, they end up paying the same as they would have before the tax credit was available so it's not like they can complain about paying "more".

But there is no need to inject government conspiracy for this to have happened. People sitting in a board room looking at the news could just go "Hey, there's a tax credit coming, lets raise our prices so that the customer pays the same as they are now, but we get more". Or it could even have been more benevolent. They had to raise their prices anyway because of the rising costs they're absorbing and they chose to do it now when it would be offset to the consumer with the tax credit.

There's a lot of much more reasonable and realistic scenarios here than the government and the car industry worked together to charge people more for a car.

 

It is commonly known as setting your price based on what the market will bear. No collusion or crony capitalism involved. Business like to keep abreast of what government is doing, but you don't collude with people who are 100 times dumber than you.

 

So what incurred cost did the manufacturer have that forced the price increase ?

 

So Biden give buyers a tax credit for buying an electric vehicle, and the manufacturer raises the prices to take that tax credit from the buyer and put it in their own pocket, and somehow that Bidens fault ?

WTAF

 

Prices are based on what the market will bear. Costs have little to do with pricing other than to provide some amorphous floor.

 

The government needs to take more authority over corporations.

We could start by passing a law that differentiates a corporation from a person.

But yea, let's blame the government for corporate greed, then raise hell if the government tries to regulate corporations. That is how a good peasant acts during the age of corporate feudalism.

 

Which of the 1,000,000 shareholders would you designate as "the person?"

 

I wouldn't.

A corporation should not be treated as a person in the law.

 

You mean like a right to speak and publish, to own firearms, to a right of a trial by jury, to a right to not have their property taken without due process, etc?

 

I mean speech mostly.

 

Hmmmm.... you think an inflation rate of almost 10% has anything to do with it?

 

Inflation, as we know it's up what 30% for the year? I guess the question is has the MRSP changed every month of the year or is it set annually?

 

Do you think that maybe corporations taking profit might have something to do with the inflation rate being 10%?

 

No. That would make no sense.

 

So you think profit just comes out of thin air and doesn't add anything to the retail price of something?

 

No, that's just stupid. Manufacturers set their prices to be competitive in their industries. Simply raising prices to be *******s will help ensure they aren't in business for long. Prices come from what the market will bear. Profit comes from being able to sell for more than it costs you to build. But unnecessarily huge profits only open the door to your competitors eating your lunch and your entire business.

 

You seem to be under the impression our economy is a free market.

 

So far as I've seen, it is for the most part. Although Democrats are humping hard to change that.

 

Neither Biden nor the Democrat politicians gave anything. The productive taxpayers are who foot the bill. Or, is the fed govt cutting spending by $7,500 for each credit given? Will they fire some of the hacks?

Govt has OUR MONEY.

 

You missed the point. The manufacturer raised prices because the consumer got a tax break, and ironically they raised them the exact amount of the tax break. So the manufacturer is stealing the tax break, yet your blaming Biden ?

Im gunna need to see that venn digram that explains how the manufacturer raising prices is Joes fault….