Democrats Passed $7,500 Electric Vehicle Tax Credit, Then EV Prices Were Immediately Raised $7,500
By The Geller Report
Their contempt for you knows no bounds.
By: Sara Carter Staff, August 17, 2022:
A recent scenario at the Ford Motor Company is the perfect way to explain what Democrats are doing to this country when they pass bills for our “benefit.” On August 9, Senate Democrats passed a bill they praised, which included a $7,500 federal electric vehicle tax credit.
Shortly after, Ford raised the price of its electric car. By how much? $7,000. What a coincidence. “The base model of the 2023 F-150 Lightning pickup will now cost $47,000, up from it’s original price of $40,000, according to CNN.”
Daily Caller News Foundation reports ”More expensive models, such as the XLT High/Extended Range and the Lariat Extended Range have increased in price by $8,500, while other F-150 Lightning designs vary between $6,000 to $7,000 in price increases, according to the Detroit Free Press.”
The price change was attributed to “significant material cost increases and other factors,” CNN noted. Despite the changes, the increase will not impact those currently waiting for delivery of their vehicles, but impacts those who have reserved but not yet ordered the truck, CNBC reported.
But don’t just blame Ford for being forced to dance with the Democrats. General Motors also just announced it will increase the price of its electric model of the GMC Hummer. The cost will go up by $6,250, CNN reported.
A recent scenario at the Ford Motor Company is the perfect way to explain what Democrats are doing to this country when they pass bills for our “benefit.” On August 9, Senate Democrats passed a bill they praised, which included a $7,500 federal electric vehicle tax credit.
Shortly after, Ford raised the price of its electric car. By how much? $7,000. What a coincidence. “The base model of the 2023 F-150 Lightning pickup will now cost $47,000, up from it’s original price of $40,000, according to CNN.”
Daily Caller News Foundation reports ”More expensive models, such as the XLT High/Extended Range and the Lariat Extended Range have increased in price by $8,500, while other F-150 Lightning designs vary between $6,000 to $7,000 in price increases, according to the Detroit Free Press.”
The price change was attributed to “significant material cost increases and other factors,” CNN noted. Despite the changes, the increase will not impact those currently waiting for delivery of their vehicles, but impacts those who have reserved but not yet ordered the truck, CNBC reported.
But don’t just blame Ford for being forced to dance with the Democrats. General Motors also just announced it will increase the price of its electric model of the GMC Hummer. The cost will go up by $6,250, CNN reported.
The Daily Caller adds:
With eligibility and tax credit rules preparing to change under new legislation, including the passage of the Inflation Reduction Act, certain modules of the vehicle may qualify for the credit this year, according to Consumer Reports. It is unclear if the truck will be eligible in the future, according to CNN.
The electric trucks only have a range of 230 to 320 miles depending on the model, a moderate increase of 10 miles to the company’s standard battery, CNBC continued.
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