View Single Post
Old 12-23-2020, 11:58 AM   #7404
Martinjlm
Retired from GM
 
Martinjlm's Avatar
 
Drives: 2017 Camaro Fifty SS Convertible
Join Date: Mar 2017
Location: Detroit
Posts: 5,308
Quote:
Originally Posted by NW-99SS View Post
And would you consider your income above or below the median average in NA?

The reason the vast majority of the public fall for the "never never" payment plans is that they don't have $500 available to them. Same as buying the same car but for more money as an EV...

Why not just look at the demographic of those who purchase EVs - I'm willing bet it supports this position.
Good points. In some areas of the US, power companies do provide incentives to install Level 2 chargers (irrespective of income) and some provide assistance (based on income ) to upgrade electrical circuits to accept the Level 2 charger, but those are few and far between. Since there will be ICE products available, that will essentially be a non-issue. Can’t or don’t want to pay for a circuit upgrade? Don’t. Get an ICE vehicle.

There is no doubt that the current population of BEV owners is skewed heavily to the higher end of the income curve. That’s true simply because of the range of product available on the market. As more “affordable” BEVs come to market, the curve will bend more towards normal. The Mustang Mach E and the Volkswagen ID.4 will be the first in that category to come to market soon. The Chevrolet Bolt EV is already in market and reasonably priced, but it has two strikes against it. For one, GM vehicles no longer qualify for the $7,500 tax credit, and two, its form factor (small B-Segment hatchback) is one that has never played well in the US market. VW ID.4 is a compact utility and will qualify for the tax credit, as will the Mustang Mach E. Those are the ones to watch in terms of demographics.
__________________
2017 CAMARO FIFTY SS CONVERTIBLE
A8 | MRC | NPP | Nav | HUD | GM Performance CAI | Tony Mamo LT1 V2 Ported TB | Kooks 1-7/8” LT Headers | FlexFuel Tune | Thinkware Q800 Pro front and rear dash cam | Charcoal Tint for Taillights and 3rd Brakelight | Orange and Carbon Fiber Bowties | 1LE Wheels in Gunmetal Gray | Carbon Fiber Interior Overlays | Novistretch bra and mirror covers | Tow hitch for bicycle rack |


Martinjlm is online now   Reply With Quote