@docrottdc (HC isn't allowing me to directly reply atm. Happens for some reason from time to time, usually around 1-2am then goes away.
I disagree with your whole premise of your first paragraph below except the first sentence. Sales are equally important as 1A and 1B
Divining the "why" a bill is written the way it is and separating the sales pitch politicians give, vs the clear intent of the law is always a bit tricky. That said, when I read the IRA, I don't think that improving EV adoption is near the top of the priority list. It would have been easy to write the law in a way that simply gave a point of sale credit to EV's. I believe they didn't do that because the 1A and 1B priorities are:
1A: Decouple the battery supply chain from China as a national security program.
1B: Spin up domestic US industry in the battery and EV space.
Why sales are equally important:
1/ When the IRA was first implemented, the goal was to have 50% of vehicle sales to be EV's by 2030
2/ you can't expect industry to invest hundreds of billions of dollars if there isn't a robust market to sell into. They'll go broke. Especially the smaller suppliers.
3/ why would they change the sales tax credit to be point of sale if EV adoption wasn't a priority? They got it wrong the first time and it's a desperate attempt to increase flagging demand. People who didn't have a tax refund now qualify
4/ It won't affect NVX in the short to medium term because of their first mover status. However, longer term is a different matter. It allows others to catch up. If you don't have robust demand growth to stay 1 step ahead, supply will quickly outstrip demand. Lithium being the classic example
5/ Demand will still increase
6/ Manchin humbugged the administration with the FEOC rules. They weren't needed. Tariffs are a better mechanism to use if required
- Forums
- ASX - By Stock
- NVX
- Media Watch - NVX related
Media Watch - NVX related, page-13021
-
- There are more pages in this discussion • 1,679 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NVX (ASX) to my watchlist
(20min delay)
|
|||||
Last
57.5¢ |
Change
-0.010(1.71%) |
Mkt cap ! $283.8M |
Open | High | Low | Value | Volume |
59.0¢ | 60.0¢ | 57.5¢ | $469.0K | 799.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18506 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17000 | 0.575 |
3 | 70000 | 0.570 |
3 | 61893 | 0.565 |
6 | 20100 | 0.560 |
1 | 10000 | 0.555 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 10000 | 1 |
0.590 | 5000 | 1 |
0.595 | 35650 | 4 |
0.600 | 174356 | 4 |
0.610 | 125500 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
NVX (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online