Connect with us

Economy

Electric Vehicles Just Went UP In Price

Makes Democrats’ $7500 tax credit for EV buyers even more pointless

Published

on

Witthaya Prasongsin / Getty Images

Electric car manufacturers have hiked their prices pretty much across the board, effectively completely cancelling out government tax credit incentives signed into law by Democrats this week.

Under the ‘Inflation Reduction Act’, which economic experts say will not reduce inflation, anyone buying a new EV with a battery that was built in North America is eligible for a $7500 credit.

That already discounts most EVs.

Less than a third are eligible

As for the rest, well they’ve gone up in price by thousands of dollars.

General Motors has hiked the cost of an electric Hummer by $6,250 and Ford has “updated” the cost of its EVs by $6,000 to $8,500.

So much for the green transition.

As we have repeatedly highlighted, EVs cost on average $67 thousand dollars and are already completely unaffordable to most Americans.

That hasn’t stopped Biden energy minions touting them as a solution to high gas prices:

SUBSCRIBE on YouTube:

Follow on Twitter:

———————————————————————————————————————
Brand new merch now available! Get it at https://www.pjwshop.com/ PJW Shop

ALERT! In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

We need you to sign up for our free newsletter here.

Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Also, we urgently need your financial support here. ———————————————————————————————————————

  • Economy

    Videos: Biden Celebrates ‘Inflation Reduction Act’ As Stock Market Tanks Due To Rising Inflation

    It doesn’t get more Orwellian than this

    Published

    on

    Steve Watson

    Screenshot

    CNN and other news networks broadcast a split screen of Joe Biden ‘celebrating’ the passage of his ‘Inflation Reduction’ Act while the Dow Jones simultaneously tanked to its lowest point for two years on the news that inflation is still at record highs.

    Watch:

    The Dow Jones fell by over 1,200 points and the S&P 500 fell more than 4% on Tuesday following the August CPI report, which highlighted how inflation rose by 0.1% despite gas prices reducing slightly.

    The inflation rate in August was 8.3% according to the report.

    The report also found that wages are down 2.8% and energy prices surged 15.8%, the biggest rise in four decades.

    Grocery prices are up 13.5% from last year and are at their highest for 43 years.

    Some Americans can’t even afford to buy food and are turning to ‘buy now pay later’ desperation:

    Yet the White House describes this as “welcome moderation”:

    The Press Secretary also claims that the inflation report shows “progress in bringing inflation down.”

    Did someone give her the wrong report?

    No, she’s just flat out lying again:

    SUBSCRIBE on YouTube:

    Follow on Twitter:

    ———————————————————————————————————————
    Brand new merch now available! Get it at https://www.pjwshop.com/ PJW Shop

    ALERT! In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

    We need you to sign up for our free newsletter here.

    Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

    Also, we urgently need your financial support here. ———————————————————————————————————————

  • Continue Reading

    Economy

    German Foreign Minister Says Support For Ukraine Will Continue “No Matter What Voters Think”

    War will be prolonged at the expense of her own citizens.

    Published

    on

    Sean Gallup via Getty Images

    Despite soaring energy prices that threaten the stability of the country, Foreign Minister Annalena Baerbock said she would continue to support Ukraine “no matter what German voters think.”

    Baerbock made the remarkable comments during an event in Prague yesterday organized by the NGO Forum 2000.

    “If I give the promise to people in Ukraine – ‘We stand with you, as long as you need us’ – then I want to deliver. No matter what my German voters think, but I want to deliver to the people of Ukraine,” she said.

    The German official said that such an approach would not change even if large numbers of people were out in the streets protesting against crippling energy bills.

    “We are facing now wintertime, when we will be challenged as democratic politicians. People will go in the street and say ‘We cannot pay our energy prices’. And I will say ‘Yes I know, so we help you with social measures.’ But I don’t want to say ‘Ok then we stop the sanctions against Russia.’ We will stand with Ukraine, and this means the sanctions will stay also in wintertime, even if it gets really tough for politicians,” said Baerbock.

    The comment is a fairly stunning admission that world leaders are intent on prolonging the war for as long as possible, no matter how much it harms the countries they are supposed to represent.

    Germans face one of the worst cost of living crises in Europe, with governments arranging ‘warm up spaces’ in major cities where people who can’t pay their bills will go to avoid freezing to death, with blackouts expected.

    Citizens have already exhausted supplies of electric heaters, firewood and stoves in many areas as they prepare for energy rationing this winter, while inflation in Germany just hit its highest level in almost 50 years.

    Those planning to protest against the situation have also been demonized as domestic extremists by the authorities.

    As we reported last month, the interior minister of the German state of North Rhine-Westphalia (NRW), Herbert Reul (CDU), outrageously suggested Germans who may be planning to protest against energy blackouts were “enemies of the state” who want to overthrow the government.

    SUBSCRIBE on YouTube:

    Follow on Twitter:

    ———————————————————————————————————————

    Brand new merch now available! Get it at https://www.pjwshop.com/

    PJW Shop

    ALERT!

    In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

    I need you to sign up for my free newsletter here.

    Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

    Get early access, exclusive content and behinds the scenes stuff by following me on Locals.

    ———————————————————————————————————————

    Continue Reading

    Economy

    Three Quarters of British Pubs Face Closure Due to ‘Current Thing Crisis’

    Unaffordable energy bills could wipe out majority of industry.

    Published

    on

    Three quarters of British pubs face being shut down due to the ‘current thing crisis’.

    Please share this video! https://youtu.be/caI_cqOOn6s

    SUBSCRIBE on YouTube:

    Follow on Twitter:

    ———————————————————————————————————————

    Brand new merch now available! Get it at https://www.pjwshop.com/

    PJW Shop

    ALERT!

    In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

    I need you to sign up for my free newsletter here.

    Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

    Get early access, exclusive content and behinds the scenes stuff by following me on Locals.

    ———————————————————————————————————————

    Continue Reading

    Trending