Mach1E
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Seriously?Quite the opposite.
You are going to have MORE entities looking to build a product to capture a tax credit market if you will. When that happens, quantities usually go HIGHER. (incentives)
I think it is quite amusing that many on this forum suggest that tax credits will do little while at the same breath saying that people will only buy and manufacturing will only occur when there are tax credits involved?
Please enlighten me on which side of the fence you are on today?
Tesla is selling quite a few right now w/o the tax credits.
If more companies go into this market because of "incentives", more batteries etc. will be produced.
The Tesla's of the world will STILL not have a tax credit but the "lower" cost cars will find a niche and they will be the ones to use the non-China material and hopefully it will take off.
As of right now, we are getting it almost exclusively from China. This will open more doors if you will and it should be a catalyst to make more down the road if we can make our own.
To use your Oil comparison, Drill baby Drill. (in our own Country) Now replace the word oil with Batteries.
You think that cutting off the supplier of most of the worlds batteries will result in more batteries?
Not only will it significantly reduce the supply, it will significantly increase the cost. While I love the idea of “made in America,” there is a very simple reason why we import many things from other countries: cost.
“Drill baby drill,” doesn’t exactly work here.
We can get a fracking operation up and running in weeks. It will take years to get a mining and battery manufacturing operation going. And this law goes into effect in a few months.
Your reasoning makes as much sense as a multi-billion dollar spending bill to “reduce inflation.”
I don’t even know how to respond to your “fence” question because neither of those things are what I’m saying and they aren’t even in opposition.
I say credits will “do little” to reduce the price the consumer pays.
And the manufacturers will change where they get materials from to qualify for the credits. But again, that won’t help the consumer. It just allows the manufacturers to raise prices.
And not getting “inexpensive made in China” batteries will also RAISE the cost.
More inflation is the result. It’s pretty simple math.
Yes, we will EVENTUALLY get more batteries built here. But right now? We can’t even get enough to keep up with current demand. Cutting off China will make it worse.
What happened to oil prices when we cut off Russia? And we don’t even use Russian oil in the US.
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