Saturday, April 10, 2021 1:27:24 PM
KEY POINT: if Federal tax credit for EVs does expand from $7.5k up to $10k, according to the Wedbush analyst's surmise, then ELMS' Urban Delivery van will be a "much hotter bargain" for those who need it, even beyond expected lower total cost of ownership (TCO) resulting from much lower fuel costs and maintenance costs. The upfront price would also be lower than the Ford or Chevy gas-powered delivery vans.
From S.Alpha:
"...as President Biden's $2.3T infrastructure plan works its way through Congress, Wedbush Securities ... analyst Dan Ives says to expect an expansion of the tax credits currently valued at $7.5K for EV vehicles to the $10K range or potentially higher in a tiered system. 'Other point-of-sale rebates could also be put into this wide ranging infrastructure bill to catalyze consumers to head down the EV path,' he notes."
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