Dear Reader,
Listen up. The government is throwing your tax money at electric cars again. And guess what? Rich people are laughing all the way to the bank.
Government creates artificial market: EVs only "compete" through massive taxpayer subsidies - remove the welfare and watch demand collapse overnight
Rich people's tax shelter disguised as environmentalism: $15,000 in "incentives" flowing to people buying $53,000+ cars while working families pay for it
Dealers dumping inventory in panic mode: $39/month leases reveal the desperation - these aren't sustainable prices, they're liquidation sales
Mercedes wants $53,000 for their EQB. But wait! Uncle Sam says, "Here's $7,500 of other people's money!" Now it's only $352 a month. What a deal, right? Wrong.
This is corporate welfare disguised as saving the planet. Car companies can't sell these things without massive government bribes. That tells you everything you need to know.
The average EV lease is $624 a month. Gas cars? $670. So EVs are cheaper by $46. Big whoop. Take away the subsidies and watch these deals evaporate faster than your 401k in a market crash.
Here's what they don't tell you: Dealers are desperate. They're sitting on inventory nobody wants. So they stack government money on top of manufacturer rebates. Some Colorado dealer is practically giving away VW ID.4s for $39 a month. That's not a business model. That's a fire sale.
The tax credits end September 30th. Watch what happens October 1st. These "deals" will disappear. Because without government money, these cars can't compete.
Andy Small from Long Island got $15,000 in incentives. Fifteen grand! That's not a discount. That's wealth redistribution from taxpayers to people who can afford $53,000 cars.
Ford says they'll build a $30,000 pickup. Sure they will. With how much government money backing it? They won't say.
The poor stay poor while the rich get subsidized Teslas. Same game, different decade.
Robert Kiyosaki
Editor, Money, Power and Profit