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Thursday, 02 December 2021 19:33

Transportation Secretary Buttigieg Cites Gas Prices, Promotes EVs

Written by Steven Loveday, Inside EVs

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Gas prices have had a tendency to rise and fall over the years, and they're spiking again of late.

Many EV advocates have noted if gas prices rise enough, people will be compelled to buy an EV. In the past, when gas prices soared, there weren't a whole lot of compelling electric cars on the market, but times have changed.

 

According to a report from our friends at Teslarati, U.S. Transportation Secretary Pete Buttigieg mentioned people who buy an electric car will “never have to worry about gas prices again.”

 

Still, gas prices aren't that high right now. While they're high enough that many folks are struggling, they've been higher in the past.

 

If Buttigieg would work with President Joe Biden to keep his promise of doing away with the massive gas and oil subsidies, then prices at the pump would surely skyrocket.

 

Buttigieg said soon EV buyers will get to take advantage of a $12,500 discount when they buy an EV. However, few compelling EVs exist that would actually get such a credit. If passed as is, the full credit will only apply to union-made EVs.

 

According to Teslarati, there's currently only one---sort of two---cars in the U.S. that would qualify for the full credit, the Chevrolet Bolt EV and Bolt EUV, neither of which is currently in production. Fortunately, buyers of other EVs may get a $7,500 or an $8,000 credit.

 

It's certainly interesting that in its mission to save the climate, the Biden Administration is putting all of its eggs in one basket, banking on only GM and CEO Mary Barra to be the leaders in EVs, though companies like...


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