From Your Wallet to Theirs: How EV Subsidies Favor the Wealthy – In 2024, the feds issued $2 billion in tax credits for over 300,000 EVs & hybrids—mostly to wealthy households
This year, the government has issued $2 billion in tax credits for over 300,000 electric-battery and plug-in hybrids—mostly to wealthy households that don’t necessarily need them.
Nationally, 14% of households earning over $100,000 own an electric vehicle, compared to 5% of middle-income households and 2% of those earning $40,000 or less, according to a recent Gallup poll.
In California, the state leading in electric vehicles, the Top 20 ZIP codes with the highest percentage of EVs have median household incomes above $100,000, while the lowest-income areas have almost no EV ownership.
Electric vehicles are simply too expensive for lower- and middle-class households. The electric version of the average compact SUV (the most popular class of cars) costs $53,048—49% more than the $35,722 price tag of the model with an internal combustion engine.
The federal government offers up to $7,500 in tax credits for a new electric vehicle, up to $4,000 for used electric vehicles, and up to $40,000 for commercial electric vehicles, all depending on domestic content requirements.
Ocean Cooling Resumes September 2024
Ocean Cooling Resumes September 2024 By Ron Clutz The best context for understanding decadal temperature changes comes from the world’s sea surface temperatures (SST), for several reasons: The ocean covers 71% of the globe and drives average temperatures; SSTs have a constant water content, (unlike air temperatures), so give a better reading of heat content variations; […]
A week after Milton knocked out 4 Million Florida power customers, there are more customers without power in California w/ ‘planned outages’ for fire risk than in Florida
A week after Milton knocked out ~4M Florida power customers, there are more customers without power in California ("planned outages" for fire risk) than in Florida. pic.twitter.com/kWB3v1ccEp — Phil Kerpen (@kerpen) October 17, 2024
N. Hemispheric tropical cyclone activity is well-below avg in 2024 – If climate change is ‘supercharging’ North Atlantic, why isn’t it having same effect in N. Pacific & Indian Ocean basins?
Northern Hemispheric tropical cyclone activity is well-below average this year. • Named Storms: 45 (52) ⬇️ 7 • Hurricanes: 24 (28.4) ⬇️ 4.4 • Major Hurricanes: 11 (15.1) ⬇️ 4.1 • ACE: 325.9 (480.0) ⬇️ 154.1 If climate change is “supercharging” the North Atlantic basin, why… pic.twitter.com/nSzx7rKFWn — Marc Morano (@ClimateDepot) October 20, 2024 By […]
Hurricane Milton: Gas Cars Save The Day As Harris Goes Full ‘Veep’ – EVs could not have evacuated Florida
https://www.cfact.org/2024/10/17/hurricane-milton-cars-save-the-day-as-harris-goes-veep/?ref=tippinsights.com By Craig Rucker, CFACT | Hurricanes Helene and Milton dealt Florida a potent one-two punch of high winds and storm surge. Helene’s dramatic rains flooded large areas of the American South. The last thing people working to rebuild needed was unscientific posturing from the climate-Left and politicians playing for advantage, but of course that’s just […]
Cuba’s electrical grid goes offline after major power plant fails
Cuba’s electrical grid went offline Friday after one of the island’s major power plants failed, the energy ministry said. The announcement came hours after the government announced that one of the nation’s main thermoelectric plants, La Antonio Guiteras, had ceased operations at about 11 a.m. local time, with authorities saying it was only offline temporarily. […]
California oil refinery announces closure after Gov. Newsom signs more regulations
https://www.foxbusiness.com/fox-news-politics/california-oil-refinery-announces-closure-after-newsom-signs-new-law By Danielle Wallace FOXBusiness The oil company Phillips 66 announced Wednesday that it is closing its Los Angeles-area refinery by the end of 2025, pointing to concerns about the future market. The announcement comes days after California Gov. Gavin Newsom signed a new law on Monday that will set new regulations on the oil industry in the Golden […]
Germany’s auto giants are struggling to stay relevant as ‘abrupt end to EV subsidy program’ hits & ‘historic job cuts & possible plant closures at Volkswagen’
https://www.cnbc.com/2024/10/18/vw-bmw-mbg-germanys-top-car-brands-are-struggling-in-the-ev-era.html By Sam Meredith Major domestic manufacturers such as Volkswagen, Mercedes-Benz Group and BMW have issued profit warnings in recent weeks. The warnings come amid the specter of historic job cuts and possible German plant closures at Volkswagen, an abrupt end to Germany’s electric car subsidy program and Berlin’s recent failure to prevent fellow European […]