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Because the assumption is “you’re rich if you have an EV” I can't speak for your state/country but most of the places I have resided in base the registration c
by LinuxBender 4y ago
Because the assumption is “you’re rich if you have an EV”
I can't speak for your state/country but most of the places I have resided in base the registration cost on the original MSRP of the vehicle then multiply that times a percentages times a number that decreases every year for 5 years and then hits a lower cap. A $70K ICE and a $70K EV should be subject to the same formula. I would expect the EV to at least have some kind of tax rebate unless that's no longer a thing.
- survirtual 4y agoIt is a flat tax in many states. Some have a flat amount billed at registration. Some have a dystopian location-aware mile tracker to give a more accurate read on road usage. This results in a significantly smaller bill, at the cost of giving an opaque entity access to your whereabouts at all times. Tax rebates also do not help incentivize poor people. When I bought my EV, I had already sold my house and was a year removed from my salaried SWE role. While I am not poor, I had no taxable income the year I bought my EV, and therefore did not receive any of the $5000 EV rebate; so it is functionally only an incentive for middle class and above people. There were EV charging credits for some states, but those are / have dried up. The incentives for owning an EV are largely evaporated, and frankly the cost of owning one has been very high. It is only cost effective if you own a home. For renters / travelers using public charging, the situation is increasingly dire, with many places charging more for electricity than the cost of gasoline — without any of the logistical expenses of gasoline. The energy sector is in dire need of reform, and the grid in dire need of mass modernization.