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Another quality electric vehicle complements of CEO Mary Barra and the new gM with every day that goes by I have another reason why I love my H2, I had 3 of them racking up well over 150k miles (knock on wood) but none have every left me stranded!
Yeah, its Biden approved, perhaps gM will give him one to park next to his Vette to keep the confidential top secret US documents warm, lol
Last edited by H2-SUT; Jan 28, 2023 at 06:10 PM.
Reason: update
Brand loyalty is going out the door on this one...
Originally Posted by WhDaFk
And says "Hummer"
You mean GMummer, lol
I think down the road when the chips are cashed out, this one will be another one of those all time boondoggles/failures by gM. (add it to the bad decision list, Volt, AFM, DOD, Autostop/start, Vega, Olds diesel, 5 cylinder engine, Cadillac Cimarron, and the list goes on....)
I only feel sorry for those who thought they were buying into a legend. They thought the new EV was something super special just to find out they wasted their good hard earned money on a total POS. Only time will tell...
They funny thing about this all is gM only needed to re-vamp the original H2 with the L5P Duramax (and a GENUINE ALLISON trans, not that re-branded gM crap) and people would have camped out at the dealerships to order one, me included. It would have been a 5 star winner!
Yeah, its Biden approved, perhaps gM will give him one to park next to his Vette to keep the confidential top secret US documents warm, lol
Biden Promotes a Hummer That Doesn't Even Qualify for His Electric Vehicle Tax Credits
Biden sat in a truck that costs as much as $120,000 to promote a tax credit that only applies to electric vehicles retailing for up to $80,000.
As part of President Joe Biden's Inflation Reduction Act (IRA), Congress authorized tax credits on electric vehicles (E.V.s). Starting January 1, motorists wanting to buy a brand-new E.V. could qualify for up to $7,500 toward their purchase without worrying about factors like whether the manufacturer had already qualified for too many credits.
But there are some obvious problems with the president's claims, down to the fact that the truck he's sitting in wouldn't qualify for the credit.
the IRA establishes very exacting standards for vehicles to qualify for tax credits, and the Hummer EV comes up short on most of them. First, the IRA's E.V. tax credits only apply to vehicles with retail prices up to $80,000, and even the base model EV2, the least expensive version, now starts over $84,000. (That's not to mention that the cost could reach almost $120,000 when it's fully decked out.) The credits also only apply to buyers who make up to $150,000 individually or $300,000 jointly; it's hard to imagine anyone earning less than that amount shelling out up to six figures on a luxury truck.
No matter which version of the truck Biden was pictured in, it wouldn't qualify for the tax credits he was promoting with the tweet. And vanishingly few E.V.s qualify for the tax credit to begin with since only those "assembled" in North America are eligible.
Under the IRA, a qualifying vehicle must source 40 percent of its battery's minerals and 50 percent of the battery's parts from either the U.S. or a free trade partner country. That's a high bar to meet when China controls 80 percent of the world's refining capacity for raw battery minerals.
In December, the Treasury Department postponed the mineral requirement until March as it continued to formulate final rules for implementation. But Sen. Joe Manchin (D–W. Va.), who insisted upon the anti-China rules in the first place, submitted a bill that would go around the Treasury Department and not only implement the mineral requirement as written but make it retroactive to January 1. Notably, the requirements would exclude not only China but the European Union, which, unbeknownst to Manchin, also lacks a free trade agreement with the United States.
Regarding the law's restrictions, French President Emmanuel Macron told Manchin during a visit to the U.S. last year, "You're hurting my country."
The new and improved, $115K Electric POS
