DAILY WIRE
President Joe Biden was slammed Monday after touting his $7,500 tax credit for electric vehicles while promoting an electric truck that costs over a hundred thousand dollars and has been plagued with issues.
The photo was taken back in 2021 when Biden test drove an electric Hummer while touring the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan.
“On my watch, the great American road trip is going to be fully electrified,” Biden claimed. “And now, through a tax credit, you can get up to $7,500 on a new electric vehicle.”
Biden’s claims about the tax credit are misleading as the overwhelming majority of new electric vehicles, approximately 70%, do not qualify for the tax credit, Reuters said.
The electric Hummer that Biden showed off in the tweet does not qualify for the tax credit because it is significantly more expensive than the maximum MSRP (manufacturer’s suggested retail price) allowed.
President Biden on X (formerly Twitter): “On my watch, the great American road trip is going to be fully electrified.And now, through a tax credit, you can get up to $7,500 on a new electric vehicle. pic.twitter.com/n3iZ9etL4A / X”
On my watch, the great American road trip is going to be fully electrified.And now, through a tax credit, you can get up to $7,500 on a new electric vehicle. pic.twitter.com/n3iZ9etL4A
The lowest level electric Hummer has an MSRP of $86,645, however, with the continued supply chain issues, consumers will have a very difficult time finding even the base-level model for under $100,000 due to market demand.
Higher-level trim models of the electric Hummer have an MSRP of $112,595 but sell for significantly higher sums. The most amount of money that an electric Hummer has been sold for is $324,500.
