The $7,500 EV Tax Credit MUST STAY!

[@mwolrich]

If EV rebates are ended, it’s only fair to end ALL assistance to the Oil & Gas industry, why do they need ANY government assistance? To make $200B/day, instead of only $150B/day? It’s complete non sense to be subsidizing the oil & gas industry.

[@Inspace_noone_can_hear_u_honk.]

I even wrote to Senators Warren and Sanders a few years ago saying it was a mistake going after Musk and they would turn off a good chunk of voters who would normally vote Democrat. I normally support unions, but even I could see that Tesla would never have survived in its fragile years if the UAW was involved.

[@Seoulhawk01]

Same here, to include the White House. I wrote to Tesla asking them to invite Biden to Texas. Hold out a public olive branch…

[@juliahello6673]

They didn’t have to cozy up to Elon Musk. Just not attack him.

[@pb4614]

Yeah, but they smashed his son..

[@shawndupuis5739]

Good video. It would be good to know the reason and amount of subsidies for oil.

[@microsrfr]

The Iraq war was started to allow big oil to take over their oil. See the Cheney energy task force which met in Jan 2001 (before 9/11). The cost - $2 trillion plus a million lives. Additional subsidies include the cost of keeping the Straits of Hormuz open to oil shipping, the rise in the cost of home insurance due to climate change and the cost of increasingly destructive weather events. We will go to war if the oil supply to Europe is threatened.

[@davidpearce4838]

This was an insightful look at what’s happening with the auto industry. It matches what I’ve been watching on another KZbin channel called ‘The Electric Viking’ - hosted by an Australian called Sam Evans. He is documenting the coming tsunami of Chinese EVs, and the likely impact on legacy auto manufacturers. His videos are also informative, and well worth checking out. He described in a recent video that BYD are in negotiations with VW in Germany to buy up their unused factories. If successful this might circumvent tariffs to a degree by having the factories simply as assembly plants. Legacy auto is in serious trouble, as you also describe. The loss of the $7,500 tax credit is unfortunate. Thanks for an excellent video🙂.

[@awebuser5914]

_"If successful this might circumvent tariffs to a degree by having the factories simply as assembly plants"_ Doesn't work that way, they, like the US, will require that the vast majority of materials and components are _made_ in Germany, not elsewhere, so it's *not* "assembly". Sure, the profits are directed back to China, but the lion's share of economic gain stays in Germany.

[@davidpearce4838]

@ Hi. Thanks for letting me know👍.

[@kwskyblue]

Scratching head about all the talk about leveling the playing field with oil by cutting EV subsidies but no talk of cutting gas/oil subsidies :/ Guess lobbying is alive and well in the US

[@Cybertruck_69]

Triple whammy in 🇨🇦. Federal EV program is done. Tesla raised prices “biggly” and the orange tariff threat. Good luck with selling many cars here. Counter tariffs? Canada banning critical mineral exports or adding huge export tax. Perhaps visa will be required for entry into 🇨🇦. Perhaps we close the effn border and say screw u Donnie boy.

[@idahorx1]

Maybe because the "oil and gas subsidies" are mostly imaginary?

[@marc0443]

Screwing Elon Musk and Tesla by the last administration was grossly stupid! Very disappointing! Great video. Thanks!

[@iandavies4853]

Yes, Biden puppet masters messed up big time.

[@CUBuffnSD]

@@iandavies4853Obama was the real policy guy

[@danwhiffen9235]

You got to wonder if they could really be that stupid in fact… Although… Look at their candidates…

[@iandavies4853]

@@CUBuffnSD curiously, my comment disappeared. Free speech is heavily censored.

[@craighermle7727]

Yeah, Biden's misplaced loyalty to GM & Barra was sickening. But, the Felon just froze funding set aside for charging expansion. GM and Ford were just waiting for the Felon to get in office. Any EPA rating requirements will be either eliminated or extended, which is what happened during the Felon's 1st term, and the P.O.S. is already screwing with wind power. Drill baby Drill.

[@wholenutsanddonuts5741]

Good video. Thanks!

[@ahmedlasfar3290]

Happy Birthday Doctor. I love your insights. Thank you

[@jamesr.9239]

While I do agree with your reasoning that the tax credit should remain, it's a hard sell to the people who just lost the reduced pricing on insulin, those whose ACA coverage may be reduced or eliminated, all of us who will be facing higher prices for food when farm workers are deported, higher taxes when or if the home mortgage deduction is eliminated, the loss of food stamp assistance for millions of low income Americans, the increased cost of way too much stuff when or if tariffs are imposed on Mexico, Canada , and China...essentially the increased cost of living for almost everything that will occur due to the new Administration policies. Americans will not be seeing an EV tax credit as being of too much importance in their lives as they struggle just to live, but hey I do agree that it was and could be a boon to the inevitable EV revolution and a boost to American manufacturing.

[@rgeraldalexander4278]

Americans voted to get screwed, seems that's what they wanted.

[@sockphones]

Preach! If we're not removing gas subsidies (tens of billions a year) then we need to keep the EV credit (a few billion a year at most)

[@billmosby673]

Some estimates, including military costs and environmental damage, run as high as $640 billion a year. It's a hard number to really pin down, but undoubtedly a lot, and possibly higher than $7500

[@jfernsle]

Spot on analysis by the doctor. Many people seem to be under the illusion that only EV's get subsidies, but if you dig at all into the data you find subsidies to ICE cars are far greater (e.g. auto bailouts and loans from 2008, tax breaks for intangible drilling costs of oil, tax breaks for aging oil wells, etc.). Eliminating the EV tax credit is not even remotely leveling the playing field. But even more concerning is that if EV manufacturing doesn't grow rapidly in the next few years, China will absolutely destroy our domestic auto production. Yes, Tesla will still exist, but it will produce the minority of vehicles in comparison to China due to cost.

[@joechughtai3155]

Tax breaks for doing business and depreciation of assets is not the same thing as a consumer tax credit and should not be conflated as such. Tesla for example gets to do the same thing with their depreciating assets and factories. Not saying our auto manufactures are not totally screwed cuz I think they absolutely are. They are probably just gonna have to buy a better platform and rebrand it.

[@gibbonsgerg]

I agree, but it seems this administration is too deeply invested in oil to care at all about transitioning to sustainable energy.

[@rgeraldalexander4278]

Follow the money, nothing new here.

[@77chickox]

As a Tesla owner and investor, I totally agree with you. All US car makers need these incentives to sell their EVs.

[@nguyep4]

Incentives at some points will stop. Guess what will happen by then. They will sell the news of how EV demand is falling, how EV are niche, etc. Incentives are good but need to be reasonable at $7500 is way too much, and when that is no longer available, reality sets in. GM and Ford can not compete against Tesla no matter what the incentives. They don't have the cost structure to be profitable. Their ICE will drag them to the grave.

[@Clamdine]

I agree with you on the $35 manufacturing subsidy. I disagree on the $7500 tax credit. The tax credit for hybrids should have never been part of the IRA.

[@nguyep4]

The IRA is a bailout for the legacies. Tesla wasn't eligible for the full rebate originally... all written by lobbyists' money.

[@williamgrunzweig571]

I hear you.

[@wendeannethomas793]

You are absolutely right - that dangling carrot of $7500 (plus my state incentives - OH!! And utility company incentives) was enough to get me to try EV technology. Now, I can’t see myself ever going back to ICE. What Elon’s done is shoot all of his competition in the back (legacy manufacturers). He knows they needed the IRA to get into the EV game and have not been up and running long enough to be able to survive without it. Nor can a lot of the EV buying public.

[@nguyep4]

GM and Ford with the incentives would continue to fail. And how has Elon shoot them in the back? He has always against the IRA.

[@rgeraldalexander4278]

So true. After driving EV's for the past eight years there in no way I'd ever consider owning an ICV product, which includes my lawn mower, leaf blower, and string trimmer. I do still have a big gas chainsaw, but use an 80V battery electric saw for most work.

[@rioriggs3568]

If we remove the $7,500 incentive, manufacturers will reduce their prices if they want to sell more cars. It’s insane to subsidize Tesla that’s making 19% margins! Pure insanity!

[@damienwade7848]

You have to get rid of all subsidies. If he's going to be in charge of cutting benefits from Americans, then he needs to get his company's business cut down as well.

[@nguyep4]

What benefits that business should be cut?

[@rgeraldalexander4278]

Start by ending the 20 billion yearly going to the oil companies.

[@rioriggs3568]

Tesla fanboys think it shouldn’t apply to Tesla. Why? Because they own the stock and have been told it was their golden ticket to retirement!

[@TAD-9]

Hard to do when the competition from China is subsidized.

[@rioriggs3568]

@ If China wants to give each one of us a $20,000 EV rebate, we should accept it

[@mikafiltenborg7572]

GM & Ford need this 7500$ EV credit

[@backdoormanintheend]

Thanks.

[@pb4614]

No, the industry can’t become more competitive with grants, it adapts to it. By forcing competition, they are forcing innovation & efficiency.

[@odiekivarkis8193]

Dr. Know it all, I wish people in the administration, past and present, had your wisdom. It’s so obvious for an objective person to understand but, alas, our country is so polarized that they will always view it in a partisan way! Your insight into the future of the American auto industry is so accurate and terrifying but I wish you could address the problems that the legacy auto would encounter if they totally adopted the electric cars. What would they do with their present factories which can do only ice cars? China has been successful in electric manufacturing because they never had gas manufacturing to worry about! Can you please address this, what should they do to switch and survive?

[@JoelSapp]

I’m for it going if they remove oil and gas tax credits

[@garyland3168]

Good analysis! Thanks!

[@micheljulien781]

Very good points in favor keeping the EV subsidy

[@FredMeyerson]

Great discussion topic.

[@craighermle7727]

Great points; nice video.

[@joshuafox1520]

Good video John. I’m overall a fan of the new administration and I’m not a fan of subsidies either, but you make some great points. Hope the USA becomes a leader in these new industries!!!

[@rioriggs3568]

I’m not a fan of subsidies unless they affect my stock loll

[@davidl.beckwith4836]

John, unfortunately I agree. But some Tesla engineers say the requirements for source materials are so ambitious that no automaker will qualify soon. So it may be moot. The other mistake made was actual or implied bans on ICE vehicles. This caused a natural counter response. Also the World Trade Organization has not been used or able to address the China government's unfair support of industries.

[@IndigenousEarthling101]

Agreed Incentivising EV purchases can boost consumer spending and our economy. Bailouts are likely to be inefficiently spent by companies whose inefficient expenditures contributed to their need of bailouts.

[@cccyberfamilydk]

Agree.

[@greenwichjoe]

Here is a question for all, if the federal rebate goes away, how much will this hurt Tesla? I expect Juniper will sell well either way for a quarter or two once they ship but I would expect volume to be drop significantly unless Tesla packs on the incentives which I would expect them to if they are forced to.

[@harmanx.]

I think the Biden administration can share the 2021-timeframe mistakes with Elon Musk. If one doesn't like some decisions/positions that their party is choosing, they should say something like "I don't agree with some things my party is doing -- I will work to fix those problems" -- as opposed to: "that hurt my feelings so I am switching parties altogether, despite the fact that this other party is working against the core values I've been preaching in favor of and working towards for decades."

[@awebuser5914]

Elon is *exactly* like Trump, a vindictive whiner who cannot take being snubbed or questioned. Biden made an obvious mistake in not somehow involving Tesla in his Green initiatives, rather than cow-tow to the US autoworkers and pretend Tesla didn't exist, but it inexcusable that Elon decided to go full-dipshit and support an incompetent, ineffective and criminal president.

[@mnsawmill2904]

Great show and I have made these same arguments !!

[@joseburgos7031]

Right on point. I agree with you.

[@mragendds]

You are so right!!

[@richardlocke7264]

You're earning the title "Dr. Know-it-all" today - I couldn't agree with you more this morning

[@ashsilverwizard3275]

The tax credit does not seem to have the effect you think it will in terms of incentivizing ford and gm. The tarifs can have the same effect of onshoring manufacturing. Its not as cut and dry as you think.

[@Venom-rc9fk]

Happy Bday!!! :)

[@kennethshopland1592]

I agree with about 90% of what you said. You also included a lot of the nuances. But the 10% is the $7,500 itself. There would be a greater advantage of providing large scale tax breaks on the manufacturing in this county and not just on the manufacturing. With that said I too share the concern that your traditional American makers and this goes for the Japanese brands as well will remain complacent. Tesla and the Chinese brands will pass them by and this will be world wide.

[@DavisStraubOz]

How are the Chinese going to get around a 100 percent tariff?

[@parsimoniousGOM]

They are going to make a significant investment in one of The orange leaders crap coins or other grifts. Then suddenly, there will be an exemption.

[@DavisStraubOz]

@@parsimoniousGOM Well, that sure would be interesting.

[@MrKeredomo]

Very good point

[@scottmohrman]

Well said John.

[@E59FF]

Taking incentives away from hybrids is worth getting rid of the program. If people weren’t incentivized to get hybrids; the bev becomes a no brainer. I think it’s hybrid v EV right now.

[@rauckr09]

I agree with you!!

[@IntoTheFray.58]

Not only is the current administration talking about removing the tax credits for EVs and Batteries, the orange man is saying that we shouldn't be building giant wind farms or solar farms. These are the cheapest form of electric generation and getting cheaper daily, and to stay competitive, the US must rapidly expand its generating capacity and upgrade the power grid. Advanced computing centers require lots of electricity, so do all the EVs and robots that we need to build to stay competitive in the coming Age of Intelligent Machines. If we fail at keeping up, we will definitely fall behind and that is not going to be good for America or Americans, no matter how they feel about burning fossil fuels or climate change. We don't have time to mess around, the competition for robots and machine intelligence is coming NOW and a ten year or even four year, delay could be catastrophic.

[@TravisBennett-h3i]

the tax credit in its current form is deeply flawed 1. the lease loophole should include the same models rather than lease anything you get the credit. 2. the phase in pace of american and "friendly nation" sourced minerals should be slower 3. I'm fine with plug in hybrids qualifying but they should have be designed to have MINIMUM 80 but probably 100 miles of battery range to get the credit and it should max out as half a credit.

[@civwar64bob77]

Adding to this, Trump is already going after the EPA emissions standards, and no doubt next will be the MPG improvement standards (+2% mileage improvement per year for 2027-2031 models)

[@louckslion9281]

Common sense, well said John

[@henrywilliams5458]

You’re spot on

[@erktrek]

Tesla/Elon may believe that inexpensive FSD services are the way of the future for most people in the higher population centers NOT building out tons of "regular" EVs.

[@iandavies4853]

Exactly. TaaS. Consumers don’t need to have $50k tied up in a car. We rent it by the minute, then walk away.

[@jsjs6751]

Correct. Mobility As A Service is the way forward. Whay would anyone want to own a car if you can summon a warm one in 5-10 minutes, pay probably much less than current taxi rates? Depending, of course, one may end up far below the cost of owning it.

[@robbfitz8602]

Doesn’t Elon Musk wanna get rid of these incentives?

[@erktrek]

EVs having established a foothold in the world economy are no longer as critical to the future mission - the real prizes are AI/FSD and Robots. Tesla's real strengths as a technology company are in software, engineering and manufacturing. Killing the incentives likely hastens the demise of legacy auto just in time for the Cybercab to step in, no incentives necessary since travel for a lot of folks will be a low cost service. That's the thinking imho.

[@scientificapproach6578]

Correct, he said this even before he endorsed Trump.

[@rioriggs3568]

Elon is a bullsh!ter just like Trump… without the government there would be no Tesla.

[@MostViewedTop40]

@ So he wants to kills his US competitors? Rah rah go USA?????

[@awebuser5914]

@@erktrek _"the real prizes are AI/FSD and Robots"_ LOL! Of which, Elon has almost *no* chance of adding any value to those areas! FSD is a mirage that won't happen for at least 20 years and Tesla "robots", LOL, give me a break, humanoid robots are the most idiotic thing you can possibly promote as an actually *useful* product (look at what Boston Dynamic's _actual_ products are: Stretch , Spot, etc.)

[@jsjs6751]

Holy cra* 😮 Is it true that the great saluter actually gave the ultimatum: give me 25% ownership, or I will move the AI/robotics part outside Tesla, and Tesla will then be worth nothing?

[@matthiasheymann]

@@jsjs6751 he won’t “move AI out” of Tesla, but he did found xAI outside of Tesla, which he didn’t have to, and screwed Tesla investors this way. Tesla will have FSD, but in the future it will need xAI for Grok’s language processing, and Tesla robots will likely rely on it as well. Time will tell whether Elon will screw us again like when he sold stock to buy Twitter

[@allenaxp6259]

What about he Chips Act!

[@danieldares2578]

I disagree but glad you hit it so quickly after the administration change!

[@elvinthalund5193]

Unclear what you disagree with, that manufacturing should stay in the US?

[@danieldares2578]

@elvinthalund5193 the premise of the title

[@Cybertruck_69]

Oligarchy is poison

[@johnpoldo8817]

Agree, we just endured 4 years of it with Biden opening the border to drugs and murderers. And, inflation was horrible.

[@MostViewedTop40]

Dunno. I kind of think Elon's very emotional and competitive nature these days as well as his Austrian economics mean he might just think all US auto makers should die because they can't compete. I think he would swap a personal triumph and an emotional "screw you to GM" for US economic interests. Not certain, but that's my current view. I find the guy hard to understand these days.

[@billmosby673]

Well, Musk did say that times would be hard for awhile. He was speaking about his Department of Government Efficiency and what he hopes it will accomplish in the short and long terms.

[@awebuser5914]

Musk is a narcissistic sociopath, just like Trump. He _doesn't care_ what happens to US auto manufacturing, and TBH, he never really believed his own bullshit about "sustainable transportation", it was just a nice soundbite, like "Colonizing Mars".

[@craighermle7727]

Sandy Munro predicted years ago that China was coming. He knew 1st hand that their tech was quite impressive. US legacy auto can't compete. They've made that blatantly obvious over the last 50 years. 50 or so years ago US auto blamed Japan for their woes. Detroit knew what the US wanted and it wasn't Japanese cars. The new reason for US malady is big bad China. The blame has once again been deflected to countries other than the US, but the crux of the problem remains the same. Eliminate the competition, and let legacy auto manufacturers bathe in their mediocrity, pop a couple of grapes into their collective mouths, and wait for the next bailout. I know just the clown that will allow it to happen. To help solidify US legacy's hold on mediocrity, the current "president" has put a hold on any unused funds that were allocated for charging expansion.

[@patriceblakeway4421]

It will be a moot if we do not start mining the necessary minerals in the US or a very friendly country immediately. It would be better to spend this money mining these minerals versus tax credits for cars. No point in building electric cars if you have no batteries for them.

[@mauricemeijers7956]

How is it fair to legacy car manufacturers to compete with heavy subsidized companies (or even indirectly owned by the Chinese government). Also, how to compensate for the “it’s a compliment not a copy” regarding our IP. They are copying everything over there.

[@juustjoshin]

How is it fair for the US to subsidize oil all these years? Answer: it’s not. At least the Chinese govt is investing in something that will benefit the world society as a whole.

[@craighermle7727]

I knew that arguement was happening. Were you living when the Japenese imports were the reason legacy auto flounders? Nothing has changed.

[@KJSvitko]

Adapt, change or go bankrupt. Nokia and Kodak were once leaders in their industries but were slow to adapt to new technology. Legacy auto dealers are a nightmare for legacy auto makers. They gouged customers trying to buy electric vehicles. Legacy auto dealers abused their customers by adding market price adjustments to gouge their customers for EVs They added pricey add ons and other costs to pump up the prices and their profits. Tesla has the right idea. Buy online. No hassle. No sitting in a show room for hours. No salesman BS. No crazy markups. No I have to see my manager BS. With Tesla you can buy a vehicle in 5 minutes or less online. The dealers have no one to blame but themselves. The dealers are dragging the legacy auto makers down with them. The problem with legacy auto makers having slow sales leads back to the legacy auto dealers. They try to talk people out of buying and EV an want to put them in a gasoline car. Many people hate going to legacy car dealerships. Many people call them stealer ships for a reason. New car, used car or going in for repairs you always walk out feeling cheated. People have no sympathy for dealers.

[@percurious]

John, you are arguing we should pay people to make them make the right decision for them and for the country. Hate to say it, but thats the core of socialism. We need to incentivise the players in the economy to make good, long term decisions for themselves and the societies the are part of - as opposed to short sighted financial benefits - not tell them what those decisions are by paying fir them to follow that decision.

[@bobwheeler8101]

I never hated on Ford or even Chevy, even though they have dropped the ball. I don’t care as much about the tax credit, but whatever will keep the American auto industry in the game is worth a shot.

[@sluggo3slug]

The tax on companies who produces in the USA will be lowered to 15%

[@bhabbott]

Eliminate the EV tax credit _and_ end all fossil fuel tax breaks and incentives. Make consumers pay the cost of sucking the CO2 back out of the atmosphere. Gas at $20 per gallon will be all the incentive needed. But until that happens...

[@glennet9613]

If a political party can’t afford to upset billionaires democracy doesn’t mean much.

[@CUBuffnSD]

What EO or law has changed ? More projections. The tariffs alone will protect American manufacturers

[@craighermle7727]

You can't be serous. How will a tariff "protect" American manufactures? It won't put it'll do a hell of a job of promoting complacency

[@sambo7734]

interesting to see the difference in comments here than on uk channels. Elon's unfortunate "salute" has not gone down well. To put it mildly.

[@jeremym4466]

Reg credits next?

[@2pdlpwr]

I love this truth! Yellow hair wont get it.. I wish he would

[@gergc4871]

Elon disagrees

[@willturner9849]

I'd be interested to hear why you think Elon disagrees with you, Dr. KnowItAll, and then make your case in response to that.

[@rioriggs3568]

Elon pretends to be against tariffs and in favour of the end of government incentives. i can assure you it’s quite the contrary!

[@rioriggs3568]

Elon doesn’t need credibility, he’s got an army of minions constantly making excuses for him

[@gergc4871]

@rioriggs3568 No, he actually said that.

[@vvnn1054]

The Democrats indeed treated Elon shabbily - but Elon was also very concerned about the open southern border, government censorship of free speech, DEI over meritocracy, and cases of ridiculous regulations impeding real progress. He does not belong in today's Democrat party - so his departure may have been inevitable regardless of how they treated him personally. He is also very concerned about ballooning government debt and saw an opening to influence Trump there. Water under the bridge and the Republicans also have issues- if the Democrats course correct I envision Elon (if he is not assassinated God forbid) likely positioning himself as a centrist longer-term.

[@macrumpton]

They have had over a decade to see how to make EVs (from Tesla) and they had years of subsidies and they just pissed it all away. The CEOs of legacy auto can see the writing on the wall and still are resisting committing to an EV future because it means losing money for 10 years (like tesla did) which the shareholders will not like. They want to keep the stock prices high so they can sell all their stock and get their golden parachutes 6 months before the companies completely collapse. I am all for having a strong manufacturing base in the US, but unless the government nationalizes the auto industry, they can't force them into a direction they don't want to go. The US no longer believes in investing in the future, or really beyond the next quarter, so education and other enterprises that require years to reap the benefits are DOA. This is how a country ends, not with a bang, but a whimper.

[@YellowRambler]

It doesn’t matter if it ICE or Electric cars if it’s still powered by fossil fuel, or dangerous archaic nuclear reactors☢️ like the ones currently used now. The problem with China is they trying a bit of that 4D chest on their own, by preparing for a truly advance nuclear reactor, the Thorium Molten Salt Reactors to be mass manufacturers. China will sell you the road infrastructure, the cars and vehicles to drive on it, and the extremely safe and efficient nuclear reactor to power your cars and your cities as well. There’s a lot more going on here than inexpensive electric cars.

[@danieldares2578]

Also wonder what DJ promised Stellantis to get them to keep building in Michigan?

[@BillB33525]

Between US & China 42 million cars are produced. Tesla makes just about 2 million, so they are small compared to all brands. We need more brnds to produce electric cars. Don't count on the current adminstration to do anything rational. If prices of EV cars in the US [which are already too high] goes up by $7500 sales will surely TANK! I don't know why Musk thinks he can survive with such a big increase. Buyers will stay with gas cars! The transition to electric will be stymied. Love to hear more episodes along these lines. H/Birthday youngster, i will be 79 soon.

[@iandavies4853]

Robotaxis. They’ll make 5 million every year, replace 25 million silly little petrol cars. Tesla has also been innovating the factories, to not waste money making cars. Modular construction, Gigacastings, eliminating stupid wiring harness, don’t make 100 unique models.

[@jsjs6751]

Yes, I believe you are correct about the sales to plummet if incentives goes away. We've seen that on numerous markets. But as Ian says above, I think they count on soon not being in the legacy EV business anymore.

[@DanielASchaeffer]

The Chinese already own all car markets outside of the US and Europe. They will soon own the European car market.

[@jsjs6751]

Hasn't Musk said that Tesla is primarily an AI and robotics company? If so, he may not bother with losing in the legacy car market since he's into robotaxi anyway? Hasn't he also said that owning a car without FSD is like owning a horse instead of cars today?

[@jamesmoore560]

If you get rid of all the subsidies, gasoline at the pump would be ~$15 a gallon.... oh the horrors!... lol.

[@rioriggs3568]

You are comparing subsidizing gas vs subsidizing electric cars. Well electricity is also subsidized. Why subsidize EVs on top of it?

[@Michael-il5wd]

Why won't this channel grow past 87.4k? I'm afraid we'll lose the doc soon

[@RJasonKlein]

It’s videos like this that made me unsubscribe - buh, bye!

[@arleneallen8809]

Generally agree with your observations. What has been surprising to me are the number of world auto industry business leaders who have succumbed to ideology and ego. Herbert Diess was likely to have placed VW in a better position than Blum. Akio Toyoda, as leader of JAMA and an EV hater, dragged the entire Japanese auto industry down with his fatal love affair with hydrogen. Executives placed image and seniority ahead of common sense and the facts. German unions have zero logic in their desire for business as usual while the German auto industry bankrupts. UAW did the same thing in this country. Even if GM, Ford and Stellantis technology was at parity with Tesla, which it isn't, the union and their 100 year old ideas of how to design and manufacture will keep them from being competitive. The current administration's idea that isolationism and tariffs will get Americans to buy local is deranged. Americans are already unable to afford their cars, so lets make them even more expensive? Carrots are generally better than sticks, but the various subsidies to the oil industry need to stop. Yes, gas and diesel prices will go up, but we have no choice. We are not far away from trillion dollar fire, hurricanes, floods and droughts. Pretending it is still a consumer option to drive on dinosaur juice is deranged. Deregulate the insurance industry and stop all FEMA aid in natural disasters. That will get Americans more aligned with the desire to electrify. If we are too scared of that then real mandates must be issued - not the imaginary ones people love to politicize.

[@motmann0618]

Wouldn’t expect anything different about government giveaways from a college professor Sorry stop giving taxpayer money away Yes we should also stop giving money to oil corporations

[@williamgrunzweig571]

I'll say it again, the Clean Vehicle Credit expires Dec 31, 2032. Let it run it's course, focus more on other matter which are more pressings. If EVs are not the common mode of transport by 2032 I'd be shocked. Let it do it's job POTUS. By then we will have tons of used EVs...which will be well below 20k and still working just fine....that is what Tesla saw...that is what the Clean Vehicle Credit will help facilitate...let it.

[@RJasonKlein]

We all want things to be made America, but some of us don’t think it’s the rightful role of the government to subsidize any industry - Trump’s tariffs are a much better idea than government subsidies if your goal is to bring manufacturing back to America.

[@iandavies4853]

What is it with all the censorship. Yet bots rule! Dr Know it all isn’t a god.

[@rubytuby6369]

Cars will soon become autonomous, that’ll change the car market drastically . They’re just won’t be a need for so many cars. Shortly, after that, the autonomous humanoid robots will take over everything money will be useless…

[@DanaOredson]

I have doubts that Trump would bail out legacy auto, who use unions.

[@Barubindc]

Elon got Trump elected and the downfall of tesla

[@StonyCreekAve]

There is the smarter than Elon issue.

[@iandavies4853]

Dr KIA isn’t smarter than Elon.

[@jsjs6751]

​@iandavies4853 I argue we can't know that 😊 Elon likely has a large team of smarter people around him, which the dr. probably doesn't.

[@billmosby673]

I wonder what goes through Musk's mind when he hears his hero propose to cut down on his company and his industry's chances for success. Does he somehow expect to be able to convert Trump to his purported cause of helping to save the planet? I had the use of a Tesla Model Y for a year and a half, and I know just how practical and appealing Teslas are. It would be a shame watch them fade from the scene. Likewise for other makes and models of EV.

[@rdkrussel]

It's already gone isn't it?

[@craighermle7727]

I gotta agree with you 100% on the politics. Musk was out for blood and he admitted as much. It's bizarre when you think about Musk's salute and love you all message. If he exhaled again and came up with oh, I don't know, maybe another 103 million, he could have literally made 330,000,000 Americans millionaires and "showed the love" Instead, he literally bought the Felon and is now 1st Boy or the Felon's 1st oligarch, at least for the time being. Musk also stated more than once that the removal of the EV credits will actually help Tesla., ut I think Musk was high when he said that, which isn't outside the realm of possibility. I bought a New 24 YLR for around $40-41k last year. That was after the $7500 EV credit at time of sale,, and then there was the discounted pricing from Tesla which according to Musk never happens, but Tesla discounting has come quite predictable. The Y at 40k was a good buy. I wouldn't buy one at $54k, especially knowing what I know now about all of the things that detract dramatically from range.

[@jpl0202]

Trump was winning without Elon.

[@fred1barb]

Ignoring politics if we can, but not economic interest, how do imagine that taxpayer subsidies will be sufficient to offset our much higher costs, wages, land, taxes, etc, You note that most consumer products come from outside the US but note as well the long decline of all of our manufacturing and the industries that support it, mining and refining, steel and other metals, even our aircraft industry is shrinking. Way back in the 1980s US Steel determined that it could not compete and it planned to shrink the company to a smaller, hopefully profitable specialty maker. There is a profitable mill in my area, formerly USS now processes steel from the Korean company that bought the mill when USS shut it down. The union is out and the profits are exported to Korea. Our bridges are built with imported steel, Chinese made cranes unload Chinese ships our ports. The union truckers are gone. Who gets the savings and who gets the bill? It will not be any different with the auto industry and bringing foreign owned companies on shore to build them still sends the profit overseas. Is that the best we can hope for, to be the final assembly point for non-US companies and governments and to give them tax breaks to build? Face facts, the US auto industry is far behind Japan and Korea and it won't be long before we are behind China. Karl Marx made a prediction about this, something about capitalists buying the rope to... governments are not better at making good long-term decisions. By the by,, I really like my Tesla, but I doubt that it will sell as well without the tax breaks and offset payments that currently support Tesla and Tesla sales.

[@kradwonders]

Elon for all his saving the planet rhetoric sees the tax credit as helping other manufacturers and he wants that to end so Tesla will be the only player in town.

[@scientificapproach6578]

Elon musk, who knows the most about this topic, says they do not need subsidies. He said this even before he supported. EV subsidies are paid by tax payers so rich people can buy a tesla for less money. People love Tesla's, because they are amazing cars, and they will continue to buy them. If we want lower cost EV cars then eliminate useless regulations.

[@DavisStraubOz]

Elon did not call for the end of the EV incentives, but rather for getting rid of all subsidies as a PACKAGE deal.

[@scientificapproach6578]

@DavisStraubOz that is right, Elon Musk is very against subsidies for EV and other industries. He posted on X: Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!

[@iandavies4853]

Agreed. IRA irrelevant for robotaxis. Tesla is totally disrupting Big Auto, eliminating market. It’ll be a service, not a consumer durable. Get your head around it.

[@dsoede]

China has taken over many industries like solar, ,wind, EV's, batteries and others precisely by heavily subsidizing and stimulating their growth. Now they are dominating there and will reap the benefits for decades and decades. These subsidies should be called investments.

[@davidbuchan3753]

100%

[@mikebaldwin3863]

Spend spend

[@ArizVern]

TARRIFS MAY BE GOOD. What's wrong making things in USA?

[@craighermle7727]

What's wrong? Take a look at the number of physical recalls that Ford alone had last year.

[@Julian-1111]

A 12% rebate would make the best sense, that way as cheaper models are made ($30,000 Tesla) they would be proportionately discounted ($3600), while an $8K Cybertruck wb discounted $9600. This would offer a more realistic incentive to both buyers and manufacturers.

[@erktrek]

You either believe in (?most of?) the principles/ideals espoused by a party or you do not - If being mad at someone in that party is enough to sway your loyalty, your commitment to those might not be as strong as you thought. Seems similar to people who are "greenies" and initially supported Tesla and its mission but now don't because of the perception/media portrayal of who Elon Musk supposedly is.