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Biden Administration May Push For More Direct Consumer EV Rebates

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One of the centerpieces of President Joe Biden‘s proposed infrastructure plan is $174 billion earmarked for consumer EV rebates and the construction of 500,000 additional electric vehicle charging stations across the U.S. It’s something that Biden touted during his tour of the Ford Rouge Electric Vehicle Center yesterday while the president was also able to drive the all-electric Ford F-150 Lightning. However, Biden appears ready to pursue even more direct consumer EV rebates to speed up sales and EV adoption in the U.S.

During an interview with Bloomberg Technology, White House Climate Advisor Gina McCarthy said that Biden is “looking to invest more than $170 billion and he’s going to build out the electric charging stations that we need for consumers to buy these vehicles and feel confident that they can get where they want to go and back again. He’s looking at actually providing consumer rebates at the point of sale.”

Though Biden has yet to outline the specifics of his infrastructure plan, most believed from the start that his intentions were to offer EV rebates at the time of purchase, reducing the cost of battery-electric vehicles rather than simply offering tax credits, as is the case currently. Biden believes that offering rebates in place of tax credits will benefit low- and middle-income consumers more than the wealthy.

Many also believe that Biden’s proposed rebates will apply to automakers like Tesla and General Motors, which are no longer eligible for the $7,500 tax credit after both passed the 200,000 vehicles sold mark, while newer models like the Ford Mustang Mach-E are. In addition to rebates and money earmarked to beef up EV infrastructure, Biden’s plan also includes $20 billion for electric school buses, $25 billion for zero-emission transit vehicles, and $14 billion in other tax incentives.

We’ll have more on these proposed consumer rebates soon, so be sure and subscribe to Ford Authority for 24/7 Ford news coverage.

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Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. Todd Priest

    So another rebate tax incentive scam that taxes folks who don’t make as much money and can’t afford to buy these EV’s so that the rich folks can get them cheaper. Sounds about right.

    Reply
    1. Andrew Christian

      You are making a completely bad-faith argument that introduces a problem/villian then argues with it to make yourself sound right.

      New products to market are generally always expensive until they become more ubiquitous. The price then comes down due to increased supply chain, manufacturing, and demand. This is a case where people who are paying into the tax pool are receiving direct and tangible benefits from those taxes.

      Interestingly enough, the original production Ford vehicle was so expensive only the richest Americans could afford them. Then, over time, they were able to bring the price down. This is the free market at work.

      Reply
      1. Me

        Electric +Lightning does not equal “Affordable for the average person”

        Reply
        1. Ford Owner

          The Lightning price starts at $39,995. That is cheaper than some Toyotas.

          Reply
      2. Ed

        Confiscating property (taxation), to bring a product to market is not “free market at work”.

        -You obviously don’t understand the concept of a free enterprise system, because you just gave an example of the polar opposite of the true definition.

        Reply
  2. Mike

    Hey man, it’s only money!

    Reply
  3. Tom

    Anything Biden dreams up has to be half-witted. Just look at him try to talk and walk. You can’t tell me he’s making any of the decisions.

    Reply

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