“rich people” in your mind is who, exactly? Here in Canada only cars below a certain MSRP qualify for subsidies, so “luxury barges” are not subsidized. Also, a $50K car is not luxury anymore, have you seen car prices recently? New ICE cars are expensive as hell too!
I’m talking about people making into the 6 figures, they don’t need help from subsidies to buy cars. That’s just giving well to do people money to give to rich corpos 🤷♂️ but ur absolutely right all new cars are getting too damned expensive!
Depends where you live, 6 figures is the minimum in some places for single income earners let alone households. For example im working for a company that has a lot going on in Boston, the only way the math maths for me to live there, within 30 minutes commute is about 200k a year, budgeting about $600 a month for a car payment. And about 5-6k in mortgage. Plus utilities are insane so there goes another 500-600 a month. (Probably depends a bit on neighborhood, but thats what some of my coworkers were complaiming about) and food is about 50-60% more expensive my spouse covers that so not sure the cost, id guess for the 3 of us round about another 600-700 in groceries plus say another 200 or so for eating out, so yeah… 6 figures doesnt mean much in terms of real purchasing power the rest going into repairs for cars, home stuff thats inevitably broken in those 70+ yr old houses selling for over a mil. Thats the napkin math, exact math, and budgeting for things like PCs, savings, etc… not included.
But point being 6 figures doesnt mean well off depending on where that 6 figures is being made. Sure id live like a walking middle age crisis on 100K in the middle of nowhere, but middle of nowhere isnt going to be offering 100k
No kidding man I used to live outside of Worcester and the high cost of living drove me out of the state. I found a job further north that payed better than what I was making in MA (same field), and has a lower cost of living to boot! I currently pay less for my mortgage on a beautiful home with a garage than I would be paying to rent a shoebox in Worcester or Providence, and not much more than a friend of mine was paying for a ROOM in Boston. And as a bonus I don’t have to live in the armpit of New England anymore! I cannot fathom 600 a month on a car payment as my previous vehicle I bought for 800 and drove for over a year before selling for shy of 3k, and I cannot imagine 600 a month in utilities! As it is I pay about 600 a YEAR for water and sewer, and 150-170 a month to the grid for electric. Shit was definatley more expensive in mass, but I will give it to ma they had SIGNIFICANTLY cheaper health insurance. Groceries were about 100 a week for 2 a couple years ago up here but already it’s bumped up to 150-200 a week for the same crap. I think I have had enough of Trumps “winning” for a lifetime, last year oil was 3.40 a gal my last delivery was just shy of 5 a gallon. Incredible how much living costs have skyrocketed in the last 5 years …
They do if you want to accelerate adoption. People who can afford to pay more have the same disincentives as you do. Why should they pay more? We know EVs are a huge improvement and worth it when the climate is considered, so need to encourage faster adoption.
Think of it more as exploiting them. Pay a little money for some rich assholeto spend more establishing the market for you. The biggest impediment to lower cost is scale: as long as legacy manufacturers can’t scale production they can’t lower prices enough to establish the market. Incentives are the way out
“rich people” in your mind is who, exactly? Here in Canada only cars below a certain MSRP qualify for subsidies, so “luxury barges” are not subsidized. Also, a $50K car is not luxury anymore, have you seen car prices recently? New ICE cars are expensive as hell too!
I’m talking about people making into the 6 figures, they don’t need help from subsidies to buy cars. That’s just giving well to do people money to give to rich corpos 🤷♂️ but ur absolutely right all new cars are getting too damned expensive!
Depends where you live, 6 figures is the minimum in some places for single income earners let alone households. For example im working for a company that has a lot going on in Boston, the only way the math maths for me to live there, within 30 minutes commute is about 200k a year, budgeting about $600 a month for a car payment. And about 5-6k in mortgage. Plus utilities are insane so there goes another 500-600 a month. (Probably depends a bit on neighborhood, but thats what some of my coworkers were complaiming about) and food is about 50-60% more expensive my spouse covers that so not sure the cost, id guess for the 3 of us round about another 600-700 in groceries plus say another 200 or so for eating out, so yeah… 6 figures doesnt mean much in terms of real purchasing power the rest going into repairs for cars, home stuff thats inevitably broken in those 70+ yr old houses selling for over a mil. Thats the napkin math, exact math, and budgeting for things like PCs, savings, etc… not included.
But point being 6 figures doesnt mean well off depending on where that 6 figures is being made. Sure id live like a walking middle age crisis on 100K in the middle of nowhere, but middle of nowhere isnt going to be offering 100k
No kidding man I used to live outside of Worcester and the high cost of living drove me out of the state. I found a job further north that payed better than what I was making in MA (same field), and has a lower cost of living to boot! I currently pay less for my mortgage on a beautiful home with a garage than I would be paying to rent a shoebox in Worcester or Providence, and not much more than a friend of mine was paying for a ROOM in Boston. And as a bonus I don’t have to live in the armpit of New England anymore! I cannot fathom 600 a month on a car payment as my previous vehicle I bought for 800 and drove for over a year before selling for shy of 3k, and I cannot imagine 600 a month in utilities! As it is I pay about 600 a YEAR for water and sewer, and 150-170 a month to the grid for electric. Shit was definatley more expensive in mass, but I will give it to ma they had SIGNIFICANTLY cheaper health insurance. Groceries were about 100 a week for 2 a couple years ago up here but already it’s bumped up to 150-200 a week for the same crap. I think I have had enough of Trumps “winning” for a lifetime, last year oil was 3.40 a gal my last delivery was just shy of 5 a gallon. Incredible how much living costs have skyrocketed in the last 5 years …
They do if you want to accelerate adoption. People who can afford to pay more have the same disincentives as you do. Why should they pay more? We know EVs are a huge improvement and worth it when the climate is considered, so need to encourage faster adoption.
Think of it more as exploiting them. Pay a little money for some rich assholeto spend more establishing the market for you. The biggest impediment to lower cost is scale: as long as legacy manufacturers can’t scale production they can’t lower prices enough to establish the market. Incentives are the way out