I hate when people cite those studies like EVs are so inefficient they take 20k miles to break even! ever car ive ever owned I've had solidly into the 100k-200k range. Who owns a car just for 20k miles?
There’s nothing wrong with the information gleaned from this study. Knowing the point at which the EV gains the advantage in carbon emissions is good to know regardless of how long you own the vehicle.
Paying more in taxes than some households make in a year is a great feeling. Watching folks get stimulus checks that you never qualify for is fun. Honestly id prefer no EV tax credit and a lower tax liability. That'll never happen though.
So when I can't hire painters without booking it out 6 months in advance because nobody wants to do the work, I guess the market is flooded?
You do not need to make $400K to buy a house in the Bay Area. A $1M loan is about $4500 a month with current interest rates. So that's about $54K out of $400K, leaving some $346K to be spent. Even if half of the $400K goes to taxes (unlikely), that still leaves $146K to spend on food, cars, vacations, saving for college or retirement. However, you will need to save up over $100K for a downpayment, and that's where the higher income level is probably needed in order to save for that downpayment. I won't deny that Bay Area housing prices are insane. I certainly never set out to live in the most expensive housing market in the country, but here I am, making do.
I’m privileged because I went to college for eight years to earn a four year degree, took risks and busted my ass for three decades.
The tax credit is mostly going to manufacturers. People are buying what they can afford, so when a government provides incentives it allows the manufacturers either to raise the prices. Manufacturers can also produce more cars at lower prices, but since EV production is low margin, limited by batteries, electronics, the production volume isn't going to be affected much by those incentives, but the prices will.
The lenders won't give you mortgage unless it's under 5 times your salary, provided you put 20% down and you don't have other debt. So for an average small family house (about $1.5mn) a family should put down about $300k and have a stable job paying at least $240k a year.
How is that? Who is to define the "need"? That sounds like a crooked socialism.
Exactly, that's the essence of socialism, spending other people's money.
Production of a small EV results in more pollution than a large SUV. Also, the rare elements are mined in worst places in the world, using practically slave labor.
So basically, it's a payoff to the unions for their political support. That should be illegal.
$1.5M might be the median price for a house in San Francisco, but there are plenty of places in the Bay Area where a home can be be had for well under $1M. And you no longer need to have a 20% down payment these days.
The amount of extra pollution incurred in producing the EV is essentially “erased” within the first year of the EV’s operation. Over the course of the EV’s operational lifetime it will have way less emissions than a comparable ICE powered vehicle, even in an area where the electricity is primarily sourced from coal burning plants. As the grid gets cleaner, the EVs emissions are reduced. An ICE powered vehicle only gets dirtier over time.
