MADA - Make America Dirty Again ... there oughtta' be a hat.In my sarcastic opinion, most people don't give a hoot about "the environment" or "Merkuh First"
Interesting what happened to the EV tax credit in the IRA bill that was just passed by Congress.
The credits are dependent on US content and those %'s will increase over time (also max price which in a counterproductive move is higher for SUV's than cars). The vast majority of vehicles will not qualify for any credit. Some will qualify for 1/2 credit. Apparently the Tesla 3 RWD may be the only one that meet price/content for full credit (not sure how they meet the mineral threshold?) I could see Musk disabling all kinds of features to meet the price threshold and then offering them as after sale OTA upgrades.
Sure looks America First legislation (as opposed to rhetoric). Now, how did these content thresholds make it into the law? Seems like this may have been a compromise to get Manchin aboard. Can you imagine political compromise in this age? Gotta give Manchin credit on this one, he's gunna (well should) be despised by the left for kneecapping "progress" and by the right for passing the bill. Still quite confusing though as to why Joe wouldn't want more EV's. I thought electricity is made from coal. There I go, injecting reason into politics. So, regardless of how it came about, it seems like a good law to me. (Well other than the SUV price allowance)
Now we will have to see if the US Auto industry can find a way to make this incentive pay off for them. Of course it already seem like they are focussing on lobbying to somehow have the laws "fixed". IIRC Ford just fired a bunch of "obsolete" engineers, so they should now have plenty of headcount to take on some more lawyers.