This makes me even more pissed about the EV tax credit changes (only US-made vehicles count). Still don’t understand how it was legal for that to become effective immediately in mid-August.
However, I would have preferred the fed not bailout big auto (or banks, or what's the latest socialized losses situation... Intel?). Either let it burn down when they fail or nationalize them and where's our national dividend?
It doesn't really, if you're interested in keeping car costs low.
I bought a compact car new in 2014, and an estimate that significantly overestimates gas costs would put my total fuel expenditures at $7000. Throw in another $400 for oil changes. As I look at EV purchase prices (comparing a Honda Civic to anything other than a Leaf), the disparity is significantly greater than that even discounting any energy costs for EVs and neglecting NPV of the extra money tied up in the vehicle.