Gaming the System? Treasury Department Complains of Unworthy EV Credit Recipients

Tax credits are a great way to stimulate purchases or participation, and in the politician’s mind, they often take precedence over affordability measures that would benefit broader swathes of society. That being said, they’re here to say… unless you’re referring to the slowly vanishing federal EV tax credit.

Automakers like Tesla and General Motors are already watching their $7,500 credits halve, then halve again, after surpassing the 200,000-vehicle threshold that starts the countdown to a credit phase-out. Now, the Treasury Department is claiming some recipients of the eco stimulus shouldn’t have received it in the first place.

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Did Obama Administration Help Delphi Evade U.S. Taxes?

From Bloomberg’s Zachary Mider comes a new allegation regarding the restructuring of (formerly) American parts maker Delphi: the Treasury Department under Obama helped the company re-incorporate in England as part of a tax avoidance strategy. If that’s true, it’s an embarrassing revelation for a President who recently condemned American companies that incorporate abroad as “corporate deserters.” Like many things in the financial world, however, appearances are often deceiving.

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  • SCE to AUX Just add a split rear window, and the hybrid sins will be forgiven.
  • SCE to AUX Just add a split rear window, and the hybrid sins will be forgiven.
  • SCE to AUX Maybe those union dues will help soften the landing. Employment there used to be 4000 people, and the plant has been at risk for 15 years. Stellantis did recently say that it would be trimming dead wood so it could rebuild the company. The Cherokee is finished, but I bet the plant reopens with a smaller workforce once Stellantis figures out what to do with it.
  • Zipper69 The Bronco is a soft option and has the style that the Jeep lacks. The actual ability of the respective vehicles is irrelevant, they "compete" on image alone. The Bronco is new and trendy and production can't keep pace with demand
  • MaintenanceCosts Will the Bronco have a four-motor configuration a la Rivian? That seems to me like the right approach for an EV off-roader. Enables lots of neat tricks.