EV Tax Credit Likely Gone, Tariffs Next? Are you still a Scout buyer without $7500 tax credit?

[NukeDukem]

Thats what we want, because it will begin to make the new car prices drop, making them more affordable.

They'll have to. No one's buying $100,000 Jeeps or RAMs.

 

[AndyS_OSU]

Already used car prices are dropping which is huge for the market!

This isn’t because of any political outcomes or speculative changes to incentives or tariffs. Solely based on demand and interest rates that are only creeping down slowly. Also we have entered new model season which puts more pressure on used dealers to offer deals.

 

[KarlT]

I will Not purchase any Scout if there is not a $7500 tax credit. I would purchase a Rivian or Tesla. BTW, there have been no talks of eleminating the tax credit.

Are you saying that Scout would not have a credit but Rivian and Tesla would? Or just prices differences in general?

How many people will cross shop Scout vs Tesla. They seem like very different vehicles?

 

[timmyhil]

This isn’t because of any political outcomes or speculative changes to incentives or tariffs. Solely based on demand and interest rates that are only creeping down slowly. Also we have entered new model season which puts more pressure on used dealers to offer deals.

The reason the new car prices are high is because of a thing called demand, right now people cant afford them with on how the economy is and the fact that the USD is worth pennies at the moment not a complete dollar. Now that people are seeing that the economy will be stronger like how it was pre 2020, the US president election results is helping the Car Market out since people are finally waking up. And the USD will be worth something again finally, just over the past two weeks the USD has gained value.

*but also yes it does have to do with interest rates to some degree*

**NOT A POLITICAL STATEMENT JUST FACTS**

 

[AndyS_OSU]

The reason the new car prices are high is because of a thing called demand, right now people cant afford them with on how the economy is and the fact that the USD is worth pennies at the moment not a complete dollar. Now that people are seeing that the economy will be stronger like how it was pre 2020, the US president election results is helping the Car Market out since people are finally waking up. And the USD will be worth something again finally, just over the past two weeks the USD has gained value.

*but also yes it does have to do with interest rates to some degree*

**NOT A POLITICAL STATEMENT JUST FACTS**

Real data driven analysis here.