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Wall Street Millennial
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Comments by "" (@obsidianjane4413) on "Rivian Faces Disaster As Demand Collapses" video.
The average price of a new truck in the US is over $50K. There are many trim levels that top out over $90K now. Their problem isn't price. Its that its an EV. All of the EV makers including Tesla are seeing demand drop. A company still trying to "mature" (execute properly) in the face of that isn't likely to survive.
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@richardfolden3860 Most taxpayers are consumers of fossil fuels, so, nope.
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If you even consider this, you aren't in their target demographic.
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But you don't get to wealth and virtue signal at the same time.
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@brians3504 Not this year.
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@muleorastromule3491 The "vast majority" aren't in the market for 80K+ EV cars. Those that have the disposable income for one, don't care if they go out of business and you can't get parts in a few years because they will have traded it in well before then. Also, this isn't a practical purchase decision, its one of ideology. They buy overpriced EV's to be "early adopters" of tech/virtue they support.
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@richardfolden3860 They would be paying more for energy by a commensurate amount. Energy companies receive those subsidies in order for them to remain in otherwise marginal markets and industry sectors. Without them, supply would drop and prices would increase. Energy companies receive $20 billion per year in subsidies, they pay an order of magnitude more in corporate taxes. Don't trust even the propaganda you want to believe in.
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@johng4093 You don't pay any more or less taxes than you would without subsidies. That is totally not how the tax system and Congress works. What you would do without them is pay more for energy ( electricity, heat, etc., because the subsidies are for more than just gasoline), because fewer companies would stay in the market if it were less profitable.
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