{"id":54688,"date":"2023-01-30T17:39:53","date_gmt":"2023-01-30T22:39:53","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/biden-touts-electric-vehicle-tax-credits-with-picture-of-him-in-luxury-hummer-that-doesnt-even-qualify-54688"},"modified":"2023-01-30T17:39:53","modified_gmt":"2023-01-30T22:39:53","slug":"biden-touts-electric-vehicle-tax-credits-with-picture-of-him-in-luxury-hummer-that-doesnt-even-qualify","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/biden-touts-electric-vehicle-tax-credits-with-picture-of-him-in-luxury-hummer-that-doesnt-even-qualify-54688","title":{"rendered":"Biden touts electric vehicle tax credits with picture of him in luxury Hummer that doesn&#8217;t even qualify"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.foxnews.com\/category\/person\/joe-biden\" target=\"_blank\" rel=\"noopener\">President Biden\u00a0<\/a>took to Twitter on Monday to promote his electric vehicle tax credit. However, while doing so, he attached a picture of himself in one that doesn&#8217;t even qualify for it.\u00a0<\/p>\n<p>&#8220;On my watch, the great American road trip is going to be fully electrified,&#8221; Biden tweeted, with a picture of him in a GMC Hummer EV that ranges in cost from $87,000 to nearly $110,000 <a href=\"https:\/\/www.caranddriver.com\/gmc\/hummer-ev\" target=\"_blank\" rel=\"nofollow noopener\">depending on the model.<\/a><\/p>\n<p>&#8220;And now, through a tax credit, you can get up to $7,500 on a new electric vehicle,&#8221; he continued.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/auto\/fed-official-concerned-electric-vehicles-heavy-safety\" target=\"_blank\" rel=\"noopener\"><strong>FED OFFICIAL CONCERNED THAT ELECTRIC VEHICLES MIGHT BE GETTING TOO HEAVY FOR SAFETY<\/strong><\/a><\/p>\n<p>The Hummer EV is not eligible for the credit since SUVs and trucks must not exceed a manufacturer&#8217;s suggested retail price of $80,000, according to the Internal Revenue Service.\u00a0<\/p>\n<p>The Hummer EV is also far more than the median American salary. According to the Bureau of Labor Statistics, Americans&#8217; median weekly earnings\u00a0<a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/wkyeng.pdf\" target=\"_blank\" rel=\"nofollow noopener\">were $1,085<\/a>\u00a0per week in the fourth quarter of 2022. That figure would put the median American salary around $52,000 per year.<\/p>\n<p>When asked about Biden promoting the pricey GMC Hummer EV that does not qualify for the tax credits, a White House spokesperson told Fox News Digital that the president is committed to lowering electric vehicle costs.<\/p>\n<p>&#8220;President Biden is committed to lowering the cost of electric vehicles for all Americans and bringing more affordable electric vehicles onto the market,&#8221; the spokesperson said. &#8220;The President&#8217;s Inflation Reduction Act lowers costs for Americans, including for electric vehicles and energy at home.&#8221;<\/p>\n<p>The spokesperson also pointed to pictures of Biden driving the electric Jeep Wrangler and Ford F-150 Lightning, which qualify for the credits.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/oversight-republicans-warn-bidens-electric-vehicle-push-will-benefit-china-hurt-american-jobs\" target=\"_blank\" rel=\"noopener\"><strong>OVERSIGHT REPUBLICANS WARN BIDEN&#8217;S ELECTRIC VEHICLE PUSH WILL BENEFIT CHINA AND HURT AMERICAN JOBS<\/strong><\/a>\u00a0<\/p>\n<p>Biden, meanwhile, has a history of promoting expensive electric vehicles. During a September Detroit auto show,\u00a0<a href=\"https:\/\/www.foxbusiness.com\/politics\/biden-promotes-expensive-electric-vehicles-auto-show-amid-record-inflation\" target=\"_blank\" rel=\"noopener\">Biden boarded a Cadillac LYRIQ<\/a>, an electric SUV with a starting price of more than $60,000.\u00a0<\/p>\n<p>&#8220;You all know that I&#8217;m a car guy,&#8221; Biden said at the event. &#8220;I&#8217;m here because the auto show and the vehicles here give me so many reasons to be optimistic about the future. I really mean it. Just looking at them and driving them, they just give me a sense of optimism although I like the speed too.&#8221;<\/p>\n<p>&#8220;We are rebuilding the economy, a clean energy economy, and we&#8217;re doing it from the bottom-up and the middle-out,&#8221; he continued.\u00a0<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/biden-touts-electric-vehicle-tax-credits-picture-him-luxury-hummer-doesnt-qualify\">Source &#8211; https:\/\/www.foxnews.com\/politics\/biden-touts-electric-vehicle-tax-credits-picture-him-luxury-hummer-doesnt-qualify <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden\u00a0took to Twitter on Monday to promote his electric vehicle tax credit. However, while doing so, he attached a picture of himself in one [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-54688","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Biden touts electric vehicle tax credits with picture of him in luxury Hummer that doesn&#039;t even qualify - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/biden-touts-electric-vehicle-tax-credits-with-picture-of-him-in-luxury-hummer-that-doesnt-even-qualify-54688\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Biden touts electric vehicle tax credits with picture of him in luxury Hummer that doesn&#039;t even qualify - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"President Biden\u00a0took to Twitter on Monday to promote his electric vehicle tax credit. 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