Automakers ripping off consumers and tax payers $8,500 on every electric vehicle purchase

Important info. Don't be fooled by the subsidies....

Not only are they taking away your subsidy by raising the EV prices $8,500 in response to the government giving you $8,500 in subsidies which means you are paying the true value of the car, they are ripping off every tax payer because the subsidy isn't going to the tax payer but the automaker.

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First, it was Ford and GM raising the prices of their EVs commensurate with the subsidy the new "Inflation Reduction Act" was offering potential buyers.

Now it's Hyundai Motor, moving quickly to try and finish its EV plant in Georgia this year so it can also have a spot at the government feeding trough subsidy table.

Recall, less than a week ago we noted that Ford was hiking the price of its F-150 by about the exact same amount as would be received by EV subsidies included in the act.

Ford announced last week that it is raising the price of its high end electric F-150 by up to $8,500; an amount that adds another $1,000 onto the new $7,500 EV subsidy that was including in President Biden's "Inflation Reduction Act". Base models are seeing their prices hiked by $7,000.

More here

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Last Edited by Pin_This on 08/23/2022 09:22 PM