What will it take to make you seriously consider an EV?

tesla offers financing but shop around.

I got much lower rates at DCU when I bought mine.

 

That's now over 1-in-7 sales for EVs. My guess is the tipping point will be 35-40%. (The US needs to get going.)

 

Yikes. USA holding onto gas cars...
CAUSE MURICA.

I am surprised we haven't just added a 2nd engine and gas tank to all cars.

 

https://www.benzinga.com/news/23/06...rom-dtc-sales-in-florida-tesla-is-okay-though

The state of Florida passed a law relating to the DTC sale of vehicles, but this time Tesla could be one of the biggest beneficiaries.

House Bill 637 was signed by DeSantis and will take effect in July. The new law bans automakers from using DTC methods to sell vehicles, if they don’t already have this process in place, as reported by InsideEVs.

 

A bill passed by an official elected by the people, to hurt the very same people.

Yay, Florida!

 

Rivian down.

Lucid next?

 

This is good news for my Dryer outlet

 

It's hard for us to get going when the average price is still above $50,000. That's a lot for most people.

 

Especially at 7-8% interest rates.

 

Question on the $7500 tax credit thing. I had read an article somewhere when I was looking at buying my EV that stated that the tax credit only gets applied if it is negating money you owe the govt on your tax return. If you are even or getting money back then you don't get any of the benefit. Is that y'all's understanding as well? If so, I probably won't get near the benfit out of that $7500 tax credit as I had hoped. Still glad I bought my EV, though.

 

Getting money back or not when you file taxes has zero bearing on whether you get tax credit for EV.

As long as your total tax liability (line 24 on your tax return) is more than $7,500, you can get the full $7500 back. If it's less than $7500, you get as much as back as that number.

So if you make $80,000 AGI as a single filer and no kids, your total liability is $8,168. Assuming your withholding is perfectly calculated and you would have gotten a $0 refund when you file taxes, you would get a $7500 check from the IRS if you bought an EV that meets all of the requirements.

On the other hand, you had under withheld throughout the year and you owed IRS $1000 when you file, then you would get $6500 back.

If you over withheld and you would've gotten $1000 from the IRS when you file, then you would get $8500 back.

EDIT: This is assuming don't make too much money (<$150k for single filers, <$300k for joint), and you purchase an EV that qualifies for the tax rebate.

 

You are confusing tax liability with tax refund.

Liability is the tax amount you owe the govt for the year based on your income. You then guestimate and pay this throughout the year...and sometimes you over pay...and that's when you get the refund.

so if tax liability is 10,000 based on your income, and you paid 11,000....you get 1000 refund.

The EV credit looks at the 10,000 amount....not the 1000.

(10,000 minus 7500) + what you paid = what you owe or receive back at end of year..

 

I think the big issue is the lack of state tax credits (which isn't possible in Texas due to the lack of income tax). California has its own 7500 dollar tax credit that you can get in addition to the federal credit. So in a state like California, a base Model 3 is less than $30000. Other states offer credits that are between $2000 and $5000.

 

Or just adopt hybrids....

The fascination with solely electric makes no sense to me. Electric is simply not a viable solution as things stand and trying to force it is nonsensical. Same goes for renewables coming from a guy who has owned 2 teslas, installed DIY renewable power at his house and setup off grid solutions for power. I can go into more detail but the "green" push is just lazy and not realistic to me.

 

Maybe they're just too expensive for like 70% of the population?

I could afford a 50 or 60k vehicle, but I don't need it right now, and if I bought one, for my needs, it'd be a truck. They're aren't great truck options in the price range, either.

Maybe in 3 to 5 years from now, but not right now.


Edit: I see @dumbartonbass beat me to it.

 

Tesla won the marketing battle around this. You could build up to ten Toyota Prius PHEV batteries for every Tesla Model 3. And if you look at regular Toyota Prius cars, you could probably build something like 60 of those for every Model 3. If we're just looking at hitting emissions targets, the sixty Prius hybrids or 10 PHEVs will have a far more positive impact in reducing emissions than the one Model 3. On a pure emissions basis, the 60 hybrids will absolutely crush the 1 Model 3 in emission reduction.

But Tesla marketed full EVs as the more environmentally sound solution and as the more compelling purchase. I own a Chevy Volt that gets up to 60 miles of EV range (in warm weather) before switching to hybrid mode. I use maybe one tank of gas (which is only 7 gallons) every two months. My contribution to daily emissions is only marginally more than a full EV but you could build four Chevy Volt batteries for every Model 3 battery. And the Volt uses really old battery tech at this point since it was discontinued in 2019.

But unless policymakers choose to incentivize PHEVs and regular hybrids, we'll be stuck with these overly costly electric vehicles that do a poorer job of reducing emissions.

 

It also didn't help hybrids were butt ugly when Teslas were coming out.

Plus Tesla targeted the richer demographic first with the Model S so the appeal was created for the average joe....ahh! rich people love EVs. can't wait to get one! Get that prius sh** out of here. hideous.

 

New Prius looks nice, but yeah, before that, they were not cool cars.

Tesla also wins with some performance, too. They accelerate much faster than hybrids/PHEVs. While my RAV4 Prime can do 0-60 in 5.7 seconds, it has to engage the ICE. For my daily driving, like geeimsobored, I rarely use gas. The only time I fill up is when I visit family in Houston every 3 months.

 

lol. bunch of FSD drama on twitter yest.

then you got a bunch of tesla groupies getting together to test the theory. one guy drove 8 hours round trip to test.
imagine paying 15K to be a beta tester and volunteering your time while Elon is out there memeing.

 

The real benefit is you get to screw people buying new $25-45K cars because the manufacture's of these more affordable cars have to pay billions to Tesla in regulatory tax credits! In this way we can funnel even more money to people buying 70K BMW electric cars directly from the pockets of those morons still buying cars they can afford. This is why manufactures like Ford have jumped in the game selling huge $90K trucks at a loss.