Biden touts electric vehicle tax credits with picture of him in luxury Hummer that doesn’t even qualify
President Biden took to Twitter on Monday to boost his electrical automobile tax credit history. Nonetheless, although doing so, he hooked up a photo of himself in a person that isn’t going to even qualify for it.
“On my observe, the great American street vacation is likely to be entirely electrified,” Biden tweeted, with a picture of him in a GMC Hummer EV that ranges in price tag from $87,000 to approximately $110,000 based on the product.
“And now, by a tax credit rating, you can get up to $7,500 on a new electric powered vehicle,” he continued.
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The Hummer EV is not suitable for the credit rating given that SUVs and trucks should not exceed a manufacturer’s advised retail selling price of $80,000, according to the Internal Income Provider.
The Hummer EV is also significantly a lot more than the median American wage. According to the Bureau of Labor Studies, Americans’ median weekly earnings had been $1,085 per 7 days in the fourth quarter of 2022. That determine would set the median American income close to $52,000 for each yr.
When asked about Biden endorsing the expensive GMC Hummer EV that does not qualify for the tax credits, a White Dwelling spokesperson told Fox Information Electronic that the president is committed to lowering electric powered car or truck fees.
“President Biden is dedicated to decreasing the value of electrical cars for all People and bringing a lot more very affordable electrical automobiles on to the market place,” the spokesperson said. “The President’s Inflation Reduction Act lowers costs for Us residents, which include for electric powered vehicles and vitality at house.”
The spokesperson also pointed to pics of Biden driving the electric Jeep Wrangler and Ford F-150 Lightning, which qualify for the credits.
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President Joe Biden talks right after driving Jeep Wrangler 4xe Rubicon on the South Lawn of the White Property in Washington, Thursday, Aug. 5, 2021, during an celebration on thoroughly clean cars and trucks and vehicles.
(AP Photo/Susan Walsh)
Biden, meanwhile, has a history of promoting pricey electric powered automobiles. Throughout a September Detroit car exhibit, Biden boarded a Cadillac LYRIQ, an electric SUV with a starting up selling price of additional than $60,000.
“You all know that I’m a auto male,” Biden stated at the party. “I’m listed here for the reason that the car show and the cars here give me so a lot of good reasons to be optimistic about the potential. I seriously imply it. Just on the lookout at them and driving them, they just give me a feeling of optimism despite the fact that I like the velocity also.”
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“We are rebuilding the economic climate, a clear energy economic climate, and we’re carrying out it from the bottom-up and the center-out,” he continued.
Fox News’ Thomas Catenacci contributing reporting.