OP should know, not ask!
California lithium "mine":
Posted on 07/01/2022 10:03:32 AM PDT by Rio
A plan to tax lithium, which is widely used in the production of electric vehicle batteries, has been approved in California as part of the state’s efforts to generate revenue for environmental remediation projects.
The decision was pushed despite reservations from players in the battery industry, some of whom argued that a lithium tax would harm the sector. Two of California’s most notable lithium companies such as Controlled Thermal Resources Ltd and EnergySource Minerals LLC have suggested that the tax could scare off potential clients.
The California lithium tax was approved by Governor Gavin Newsom as part of a must-pass state budget on Thursday. As noted in a Reuters report, the state legislature signed off on the tax during its deliberations on Wednesday night.
As per the state’s decision, the lithium tax will adopt a flat rate per tonne model, and it will go into effect in January. The lithium tax is expected to be reviewed every year, with state officials agreeing to consider a potential shift towards a percentage-based tax model instead.
But while California officials seem optimistic about the state’s lithium tax, industry players have stated that the tax would likely do more harm than good. According to Controlled Thermal Resources Ltd, the lithium tax would force the company to miss its deadlines to deliver key battery components to electric vehicle makers like General Motors in 2024 and Stellantis NV the year after.
EnergySource Minerals, on the other hand, has noted that its discussions with potential financiers and an automaker have been halted due to the lithium tax.
Rod Colwell, Controlled Thermal’s chief executive, also stated that California’s lithium tax would be devastating for industry players because it would make locally-produced lithium more expensive than those exported from countries like China.
“Supporting a tax that ensures lithium imports from China are less expensive for auto manufacturers to secure will devastate this promising Californian industry before it has begun,” he said.
And with all of those bipolar lunatics in California, a tax on their Lithium would bring in quite a haul.
Never let a crisis go to waste.
And never miss an opportunity to tax the crap out of anything.
If I were in California I’d have left in a great U-Haul
I’m surprised it is even affordable or even possible to mine lithium in CA. If regulations don’t kill it, then kill it with taxes. That’s the Democrat way.
Are they taxing lithium used in batteries or in psychiatric drugs? Because California could probably get more money taxing their crazy pills.
So...a $60,000 EV will be $65,000.
Yes. Democrats are so stupid. They want everyone to move to electric cars, but their going to raise taxes on them.
OP should know, not ask!
California lithium "mine":
Whenever I read about California taxes, I always think of Michael Palin of Monty Python fame saying “ I would tax holiday snacks!”
I had read recently that a supply of lithium ore has been discovered potentially in California, near the Salton Sea. Wonder how this will impact the development of that.
Antonio Lopez de Santa Anna was known for that too.
[[A plan to tax lithium, which is widely used in the production of electric vehicle batteries,]]
By golly noone saw that coming- Are the left heavily invested in lithium?
Why not heavily tax anal methane?
Democrats are evil when in power!
If it moves, tax it.
If it does not move, tax it.
The lefty way!
Does no one know how to write anymore?
Let me tell you how it will be
There’s one for you, nineteen for me
‘Cause I’m the taxman
Yeah, I’m the taxman
Should five percent appear too small
Be thankful I don’t take it all
‘Cause I’m the taxman
Yeah, I’m the taxman
(If you drive a car, car)
I’ll tax the street
(If you try to sit, sit)
I’ll tax your seat
(If you get too cold, cold)
I’ll tax the heat
(If you take a walk, walk)
I’ll tax your feet
(Taxman)
‘Cause I’m the taxman
Yeah, I’m the taxman
Yes. Democrats are so stupid. They want everyone to move to electric cars, but their going to raise taxes on them.
—
and since EV are not paying tax on gas they will create a new tax based on the miles driven (applied to everyone and keeping the existing tax on gas).
Good old Californistan.
If it’s an insane idea, they will embrace it.
The state is nothing less than an open-air insane asylum.
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