01-21-2024, 05:01 AM | #155 | |
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01-21-2024, 05:46 AM | #156 | |
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Last edited by ChevyRules; 01-21-2024 at 06:06 AM. |
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01-21-2024, 07:19 AM | #157 |
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Government subsidies for EVs have been in place since 2010, and for a long time all one could buy were expensive Tesla models or sad jokes like the Nissan Leaf. Even now, the latest revisions of this law exclude cheaper EVs. Although I don't want to speak for him, I think anyone who was ever able to afford a Tesla Model S is part of "the elite" George referred to.
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01-21-2024, 08:02 AM | #158 | |
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Also Model S doesn't qualify either even if someone wanted to stretch their finances to get one. Model S is too expensive. But there is some merit to the criticism. It's a joke that as long as it is a truck or SUV, the cap on price of the vehicle to get the credit is $80K. Cars are capped to $55K. It was such a joke that for awhile the Model Y LR was classified as a car so before Tesla cut their prices to get under the cap, the LR didn't qualify. But the Model Y Performance was classified as a SUV so it did get the credit. IMHO, the cap should be $55K-$60K. SUV, car, truck, etc doesn't matter. You could convince me to make the cap be $50K. But yeah $80K cap for SUV's and trucks is a joke. EDIT: Went to look at the X, the dual motor model qualifies by being under the $80K cap by $10. But hope you like the stock model as changing paint color, interior, seat configuration, etc pushes it beyond the cap. Last edited by ChevyRules; 01-21-2024 at 08:24 AM. |
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01-21-2024, 08:16 AM | #159 | |
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But hey it's the direction society is moving in trying to get us to hate each other, divide us, etc. But can't go much further than that before going too far into politics. |
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01-21-2024, 08:32 AM | #160 |
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Well, it definitely depends on what one views as "elite". $150K a year represents ~20% of the total US population, whether or not it's elite is in the eye of the beholder.
It may certainly look so to the bottom 80%, while those in the top 20 percent are easily convinced that the "elite" is the 1% or 0.1% with multi-million or even billion dollar incomes.
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2018 Camaro 2SS — G7E MX0 NPP F55 IO6
735 rwhp | 665 rwtq Magnuson TVS 2300 80mm pulley | Kooks 1 7/8" LT headers | JRE smooth idle terminator cam | LT4 FS & injectors | TSP forged pistons & rods JMS PowerMAX | DSX flex fuel kit | Roto-Fab CAI | Soler 95mm LT5 TB | 1LE wheels | 1LE brakes | BMR rear cradle lockout | JRE custom tune 1100 - 1/30/18 | 2000 - 1/31/18 3000 - 2/06/18 TPW 2/26/18 3400 - 2/19/18 | 3800 - 2/26/18 4300 - 2/27/18 | 4B00 - 3/01/18 4200 - 3/05/18 | 4800 - 3/14/18 5000 - 3/16/18 | 6000 - 3/19/18 |
01-21-2024, 08:42 AM | #161 | |
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$150K is well off. It's not wealthy, not rich, etc. Depending on where they live, that may be just enough to be able to afford a decent house. And as a single filer, $150K is also the cap to where you don't qualify for the credit. Even if it did, at $150K a year, I wouldn't even think about buying a $70K-$90K car. Then again...... Did see a person asking about financing a C8 Z06 when they made $90K. So the world is upside down in my perspective in terms of income and affording these high priced vehicles...... |
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01-21-2024, 09:04 AM | #162 | |
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So the EPA (or was it NHTSA?) changed the requirements for Truck to add a ground clearance requirement and/or AWD. The Model Y SR has one motor (no AWD) and low ground clearance so it didn’t qualify as an SUV on either count. There is another interesting swing to the IRA incentive qualifications, at least for Tesla. In 2024, the %requirements for “friendly” sourcing of battery minerals and components shifts upward. The base Model 3 with LFP batteries does not qualify for one penny. The Model 3 Long Range is sort of on the fence, but with Tesla’s current sourcing pattern it does not qualify. The Model 3 Performance qualifies. So, with their pricing structure, for those whose household income allows them to qualify for the incentive, the Model 3 Performance becomes the most affordable vehicle.
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01-21-2024, 10:11 AM | #163 |
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There are good arguments against the way that some things are being done with a technology that’s still practically in its infancy, but I don’t understand the arguments against subsidies for it. Fossil fuels are the most heavily subsidized industry in the US and have been for a long time. It’s the main reason that the price of gas hasn’t been ~$10 per gallon on average for years now. Oil has had many years of government benefits and infrastructure building to get where it is now, so EVs are absolutely going to need some help to hope to compete with something that established.
The entry level Tesla Model 3 and Model Y are cheaper than the average price of a new car or crossover, especially if they qualify for the tax credit which is redeemed at the time of purchase as of 2024. It’s like putting $7500 cash down without any out of pocket costs. They’re not prohibitively expensive for anyone who’s in the market for a new vehicle. You don’t have to be “elite” to reasonably afford a new $35K-$40K car. There are MSRP and income cutoffs for the credit, so it’s currently setup for non-wealthy buyers to get the direct benefits. I don’t disagree that the infrastructure and general charging reliability aren’t on the level of ICE vehicles for most cases yet, but I think they will close the gap quickly over the next few years. Look how far it’s already come in the last decade. That was also almost exclusively accomplished by one company and their charging network, which is now being opened to other brands for use. It’s weird to me that so many arguments seem to leave out the charging at home aspect as well. You can’t fill up from a gas pump in your garage while you sleep. Outside of a power outage, which is rare in most cases, you’re just not going to have to think about it in typical day-to-day use. Most households would be fine having an EV for their primary runabout. Current shortcomings are lack of flexibility on roadtrips, towing, and living in apartments or extreme environments where you don’t have reliable home charging available. Outside of those things I think people would be surprised if they’d just give them a shot. Sent from my iPhone using Tapatalk |
01-21-2024, 01:16 PM | #164 | |
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https://insideevs.com/news/629064/fi...al-tax-credit/ |
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01-21-2024, 02:05 PM | #165 | |
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01-21-2024, 03:18 PM | #166 | |
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01-21-2024, 03:23 PM | #167 |
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01-21-2024, 03:53 PM | #168 | |
Retired from GM
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2017 CAMARO FIFTY SS CONVERTIBLE
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