Chevy Bolt: the First Practical, Mass-Market Electric Vehicle

Post by satya71 » Mon, Oct 23, 2017, 2:53 AM UTC

arrrg wrote: post #14

usaphp wrote: post #5

Earlier quoted context omitted.

> $7500 federal tax rebate, most people can't take full advantage because they don't owe that much I am pretty sure most of those who can afford to purchase a 35k+ car are making at least 40k / year and owe that much in federal taxes, unless I am not calculating something right

What I never really thought is that that‘s still a pretty dumb was to subsidize any kind of purchase. It massivly advantages the rich(er). Why do it that way?

Post by greglindahl » Mon, Oct 23, 2017, 2:57 AM UTC

bane wrote: post #22

ukulele wrote: post #3

At $35k+ with 240 miles of range, it's starting to get close but realistically not quite there yet for "mass market" adoption. I hope I'm wrong but this will likely be a minor seller. Also re: the $7500 federal tax rebate, most people can't take full advantage because they don't owe that much and it doesn't carry over past the first year. Still a good program but not a magic wand solution.

I love the idea of Electric cars and even own Tesla stock, but I think they're still a ways off from me seriously considering buying one. Why? I drive a large Hybrid sedan. I get a bit above 600 miles on a tank of gas without thinking about it. That's a trip from NYC to Toronto with about 100 miles of driving around range left before having to think about finding a gas station...or for our European friends, Paris to…

Post by seanmcdirmid » Mon, Oct 23, 2017, 2:58 AM UTC

dasil003 wrote: post #28

seanmcdirmid wrote: post #6

Earlier quoted context omitted.

You don't even have to itemize (it isn't a deduction), so I think most people would be able to take full advantage of it. I would bet anyone who is in the market for a $35k+ car (or even 28.5k+) is going to be at a point where they can take full advantage of the rebate.

It's a credit yes, but it's not a refundable credit. Which means you need to owe at least that amount of tax. So for 2016 that means a single person has to earn at least $46,900 to get the full benefit (assuming no other non-refundable credits). The median US personal income for 2016 was about $31,100, so I think it's fair to say the majority of Americans can not take full advantage, although I agree with your last s…

Post by s0rce » Mon, Oct 23, 2017, 2:59 AM UTC

MBCook wrote: post #26

ukulele wrote: post #3

At $35k+ with 240 miles of range, it's starting to get close but realistically not quite there yet for "mass market" adoption. I hope I'm wrong but this will likely be a minor seller. Also re: the $7500 federal tax rebate, most people can't take full advantage because they don't owe that much and it doesn't carry over past the first year. Still a good program but not a magic wand solution.

> At $35k+ with 240 miles of range, it's starting to get close but realistically not quite there yet for "mass market" adoption. Really? Why is that? For me and I’m sure tons of other people 250 miles is more than enough. I think it’s extremely rare I’d go 100+ in a day. If this was from Honda or Toyota I’d probably jump at it if I needed a new car. I’ve never had any experience with GM, and their reputation isn’t ex…

Post by MaysonL » Mon, Oct 23, 2017, 3:00 AM UTC

seanmcdirmid wrote: post #6

ukulele wrote: post #3

At $35k+ with 240 miles of range, it's starting to get close but realistically not quite there yet for "mass market" adoption. I hope I'm wrong but this will likely be a minor seller. Also re: the $7500 federal tax rebate, most people can't take full advantage because they don't owe that much and it doesn't carry over past the first year. Still a good program but not a magic wand solution.

You don't even have to itemize (it isn't a deduction), so I think most people would be able to take full advantage of it. I would bet anyone who is in the market for a $35k+ car (or even 28.5k+) is going to be at a point where they can take full advantage of the rebate.