Listen to “AAH #671 – The End of Affordable Cars” on Spreaker.
– Millions of households are being priced out of the new car market
– Expensive new cars will turn into expensive old cars
– People will hold onto old clunkers, will the U.S. end up looking like Cuba?
PANEL:
Jeff Schuster, Global Data
Todd Lassa, The Hustings
Gary Vasilash, on Automotive
John McElroy, Autoline.tv
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This country stayed in “0” % way too long!
Regarding taxing Electric Cars:
Eliminate the the cash rebate for purchasing an electric car
.
Use this rebate money for highway repair. We certainly do not need more taxes on the general public.
We already pay a use tax on gasoline purchase (57 cents per gallon). We do not need to pay a per mile tax.
Remember that a heavy vehicle (SUV and trucks) purchase more fuel per trip and more taxes paid for that trip.
The U.S. will not import Chinese-branded EV cars because of national security concerns (I reckon at least 5-10 years). Partially to protect US manufacturers/jobs but primarily due to security issues with communications and spying on Americans (see ban on Huawei).