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Dana Pico exposes a sad truth about government “helping” Americans, it never helps. Take the case of the government helping Americans get Electric vehicles!
The so-called Inflation Reduction Act was supposed to, you know, reduce inflation, right? A lot of people thought it was festooned with all sorts of things which had nothing to do with inflation, and one of those things was the Qualified Plug-in Electric Drive Motor Vehicle Credit:
So, you might wonder how giving tax credits raises coat of acquiring said vehicles……Well
The tax credit is up to $7,500 for purchase of a new, plug-in electric, and since President Biden and his
supervisorssubordinates very much want to have Americans gobbling the things up, that $7,500 credit is supposed to help consumers who just can’t quite afford the things be able to say, “OK, yeah, with this tax credit, we can go ahead and buy a Ford Mustang Mach E!”
Oops!
Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases
by Michael Wayland | Published Friday, August 26, 2022 | 10:59 AM EDT | Updated Friday, August 26, 2022 | 2:07 PM EDT
- Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models.
- The increased prices will go into effect for new orders placed starting Tuesday, when order banks reopen for the 2023 model year.
- Ford said the markups are due to “significant” material cost increases, continued supply chain strains and market conditions.
Go read it all folks
