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Petition to Extend Federal tax Credit

Petition to Extend Federal tax Credit

Please sign my petition. It has been triggering spam blocker here is the link:

[http://]petitions[.]whitehouse[.]gov[/]petition[/]reward-tesla-initiative-advancement-electric-car

My petition states this:

Remove the 200,000 car cap set per company on the EV tax credit IRC 30D. The Current IRC for EV tax credit phases out for a manufacturer's vehicles when at least 200,000 qualifying vehicles have been sold for use in the United States. Currently very few car manufacturers have taken the necessary investment into bringing an affordable, compelling, mass market vehicle. Thus the price is still higher for this technology besides the great savings it could provide for the american people in air quality, dependence on oil, positive effects for our environment, and the battle against climate change. I propose extending the tax credit, if needed funds could be taken from oil subsidies.

Morlandoemtp061383 | 04. April 2016

I made a petition on whitehouse . gove to extend the federal tax credit how do I post it here without triggering the spam blocker?

Morlandoemtp061383 | 04. April 2016

I figured it out, fixed above please show your support, we are a strong group of 300k+ and growing we can accomplish this goal.

rharris | 04. April 2016

As much as I think the EV tax credit should be permanent (as I would go as far as to make it an instant rebate like the Cash for Clunkers was), petitioning the white house won't matter; congress makes laws not the president.

Morlandoemtp061383 | 04. April 2016

If they see how many of their constituents support this policy, maybe it will help, maybe the president could speak on the matter.

dsvick | 05. April 2016

Of course the constituents will support it, it's like free money for them. I'd be willing to bet that just the number of M3 reservations alone will be enough to convince congress that extending it isn't needed. Since its purpose was to spur adoption and that has clearly happened.

Granted that some (a lot) of that is solely based on it being a Tesla and that other manufacturers may not have the same success, but that is just more proof that limiting it by manufacturer was the right way to go.

Morlandoemtp061383 | 05. April 2016

Not the right way to go for the environment. Electric cars need more market share.

adias.angel | 05. April 2016

@dsvick "I'd be willing to bet that just the number of M3 reservations alone will be enough to convince congress that extending it isn't needed. " Once the tax incentive is gone I would bet a number of these reservations are cancelled. I know from an investment standpoint I don't get enough return off a M3 without the tax credit to make it worth it.

dsvick | 05. April 2016

@adias.angel I'm sure you're right, however, even if they lose half of them, you're still looking at 150,000. And that's as of right now, it doesn't include any that come in between now and when it is actually produced. And all of those will be taken knowing full well that the likelihood of getting the credit is slim to none.

Morlandoemtp061383 | 05. April 2016

@dsvick, I think many of the orders will receive some sort of tax credit, In Musk we trust. But we should also let our voices be heard, not only because we want to save money, but we want to preserve our planet for future generations, and the cheaper tesla cars will be, is for the greater good.

dsvick | 05. April 2016

@morland

I agree 100%, and it is an election year so you never know ....

ram1901 | 05. April 2016

Better idea. eliminate the corrupt IRS, go to a flat tax and get rid of all the manipulation of the tax code.
It will mean the average taxpayer will have more cash to spend on things like an EV and will only need a postcard to file their taxes. How much did you make this year, times 10%.. minus how much did you employer withhold...
BAM... you owe X or BAM your refund is Y.

Morlandoemtp061383 | 05. April 2016

@ram1901 good luck with that ever happening.

Morlandoemtp061383 | 05. April 2016

@ram1901 I would be in favor of a progressive flat tax that increased in percentage on how much you made, like over 10 million a year would be over 60%.

Morlandoemtp061383 | 07. April 2016

Please take the time to sign this petition together we can make change, and hopefully when Bernie gets in office, Big oil can feel the Bern.

BumblebeEV | 07. April 2016

It's extended till 2020 here in Canada, with no limits. Just copy us.

PhillyGuy | 07. April 2016

Keep in mind the tax credit doesn't just disappear once Tesla hits 200,000 sold in the US. The quarter the 200,000th BEV is sold, the rest in that quarter still receive the full $7,500 credit. Then, the next two quarters, each BEV sold receives 50% of the credit ($3,750). Finally, the next two quarters, BEV sales receive 25% of the credit ($1,875). The tax credit won't completely disappear until a year after the 200k threshold is reached for US sales.

A chunk of the Model 3 reservations should receive at least some of the tax credit.

Morlandoemtp061383 | 08. April 2016

Yes true PhillyGuy, also the quarter after your hit 200k I believe also receives the $7,500 credit.

MarlonBrown | 08. April 2016

Ah ah. If Bernie gets in office, that fool would be willing to give a model 3 for everyone free. But then reality would ring, and soon companies like Tesla would cease to exist in the failed socialist/communist dream world of Bernie.

dd.micsol | 08. April 2016

Get rid of the oil lobbyists on the hill (Hillary as well as she takes money from oil companies for personal gain). Bernie is not super friendly of big tax incentives (no tax incentives in his state).
Unfortunately this is a political thing and not an environmental thing. Big oil sucs.

Homebrook | 08. April 2016

“But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.”
― Frédéric Bastiat, The Law

rbergquist | 08. April 2016

Change it to the first 3 million EVs sold. Should promote early adoption from all manufacturers. The laggards or poor designs will loose as chosen by the marketplace.

Red Sage ca us | 08. April 2016

rbergquist: +1! Now, that's an idea!

It would take 170,000 units to equal roughly 1% of annual automotive sales in the US. So, about 18 years of sales at that rate to exceed 3,000,000. That could work.

Morlandoemtp061383 | 09. April 2016

Honestly I think the credit should not stop till about 51%+ of vehicles are being used by the public are electric or some other less polluting source. If everyone is thinking where is this money going to come from I have some ideas, removal or decrease of oil subsidies, a carbon tax, reduced health care costs due to pollution of our air, water and food, reduced fema/local budgets for extreme weather conditions due to climate change. We are going through a distracted driver epidemic in our country, lets not forget all the other capabilities such as the self driving and safety features(even though icb engines can do this, it is more cost effective and easier to do with an electric car). I believe auto pilot in itself should be subsidized/offered some type of incentive on the potential of just saving lives, revenue from them ticketing people for texting/talking while driving could pay for it. I also support funding for solar, wind, geothermal and other types of renewable energy, our planet is in a crisis and we should be the leader in showing the world how to make promote better alternatives to preserve future generations of homosapiens.

Badbot | 09. April 2016

The quantity limits for EV's will hurt tesla much more than any other manufacture due to the fact that the big 3 and everyone else only make a small % of EV, Tesla makes 100% EV's. Looks like a unfair price advantage for the others for a decade or more

Red Sage ca us | 09. April 2016

No matter what, stubborn leadership at traditional automobile manufacturers will always claim a 'chicken and egg' status for electric vehicles. They don't believe EVs are viable. They don't want to believe EVs are viable. They don't believe EVs are desirable. They don't want to believe that EVs are desirable. Even if you prove they are viable, desirable, safe, efficient, profitable...? They still won't believe you. So, they will fight tooth and nail to make sure they do not have to fully comply with the change they know is coming.

Morlandoemtp061383 | 10. April 2016

@red then goggle,apple will get in the game and these car companies will adapt or go bankrupt.

Morlandoemtp061383 | 10. April 2016

If I was an auto manufacturer I would just use tesla's patents, and team up with apple to make something that tesla can't do for a while, which would be something like a pick up truck, then I would go for an all electric couple like a all electric mustang or camaro. I would pay into tesla's supercharger network and expand it with some restaurant chain or gas station. I would in good faith show tesla some tips to building cars faster in exchange for tips on how to build the best electric pick up truck from tesla/batteries from their gigafactory. For the future I think it would be crucial for auto pilot ai to talk to each other.

DTsea | 10. April 2016

Better use of tax subsidy would be to penalize dirty energy like coal and encourage cleanER tech like natural gas and -gasp- nuclear. There are already hefty subsidies for solar and wind but those cant carry base load.

Morlandoemtp061383 | 11. April 2016

@DTsea that could be done with a carbon tax, we should continue to subsidy and encourage greener technologies to undue the many years of providing oil subsidies to some of the most profitable companies in the world.

finman100 | 11. April 2016

The closest competitor (using that term VERY loosely) from ANY car mfg is the Bolt from GM. It's MORE expensive than Model 3. Bolt MSRP = $37,500 (see GM website). Model 3 is $35,000 (see Tesla website).

How, again, is the "competition" (there, i used my air quotes) anything but a worse deal? No tax credit needed. I think Tesla will do just fine.

Yeah, I get that the Bolt may be available sooner and that GMs 200,000th EV is decades out. Even so, I think Tesla will be okay. Sales will be overwhelming for Tesla vehicles just as much as GM is overwhelmed at the prospect of competing in the EV arena!

Red Sage ca us | 11. April 2016

General Motors spends more than enough each year on advertising alone to build a Gigafactory of their own.

Morlandoemtp061383 | 12. April 2016

@finman100 It's not the fact of a not needing a tax credit, but a tax credit would open up the technology to more people, more people buying electric cars is better on many fronts for our country, for tesla, for the world. Oil subsidies weren't needed either, your telling me some of the most profitable companies in the world need money to explore and drill for oil? The way I look at it we as the people should decide how our money gets spent, and if it is for something that benefits society on so many different levels we should support it and get it extended.

Morlandoemtp061383 | 13. April 2016

Plus show support so many of us can make this change to better mankind.

Morlandoemtp061383 | 19. April 2016

Bump