Monday, May 13, 2019

Time to guard your wallets, and fire your Illinois congressman, Sandoval wants to raise money, out of your wallet. Lots of it (thanks Gary!)

The proposal introduced this week by Democratic Sen. Martin Sandoval of Chicago, would raise the annual registration fee for electric cars to $1,000, more than 57 times the current amount of $17.50.

The bill would also make things more expensive for residents who drive non-electric cars. The state's gas tax would go up 19 cents to 44 cents a gallon, fees for driver’s licenses would double and the registration fee for non-electric vehicles would go up nearly 50% from $98 to $148.

Illinois officials believe the legislation will raise $2.4 billion for future projects, the major one being roadway improvement, according to the Chicago Tribune.

(Math check... there are 15,000 electric cars, and at 1000 per car, that's only 15 million dollars. So, again, don't believe all the news you get from mass media, sometimes it's propaganda)

A $7,500 federal tax incentive has helped consumers take the plunge. But once a manufacturer hits 200,000 electric vehicles delivered, the credit is cut in half, which is the case with Tesla. In fact, starting July 1, the tax incentive will be cut in half again at Tesla, to $1,875 per car.

At the other end of the spectrum, Nissan, which sold 14,713 Leafs in the U.S. last year, has yet to hit the 200,000 cumulative sales mark and still qualifies for the full $7,500 federal tax credit. Retail price for the car starts at less than $30,000, before incentives.

Illinois ranked seventh in EV sales last year, at 6,400 vehicles. There were about 15,000 electric vehicles registered in the state as of last month

https://www.foxnews.com/auto/illinos-1000-electric-vehicle-legislation
https://www.chicagotribune.com/business/ct-biz-electric-vehicle-fee-illinois-20190509-story.html

1 comment:

  1. Ever notice that the only things that liberals are liberal with are other people's money and bad ideas?

    ReplyDelete