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

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

#51

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…

That's 46,900 after exemptions and deductions. 6k standard deduction & at least one 4K exemption.

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

#52
post #5
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.

> $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

A family making $40k/y will have a negligible/negative federal and state effective income tax rate. A single person might be somewhere around 10% or less.

Maybe you are thinking of FICA?

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

#53

Hours per week charging is better than hours per day, but still only practical for people who can run heavy wiring to a private garage. I keep wishing gas station battery swaps were happening.

The industry cannot even standardize a charging port between Tesla and everyone else (which really is more on Tesla for using a proprietary port nobody else is using and then trying to act like they are the victims by offering royalty free access to the patents... after the fact).

It will be a very, very long time before standardized batteries are a thing, if they ever will be. As soon as true self driving cars are a legal thing nobody will even own a car anymore, it won't make any sense.

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

#54

Hours per week charging is better than hours per day, but still only practical for people who can run heavy wiring to a private garage. I keep wishing gas station battery swaps were happening.

This is my issue also, although I suppose I represent a small fraction of the market -- I live in an urban apartment building with street parking, I won't be able to charge an EV at home until the infrastructure gets much, much better. This means I'd have to factor charging into all my trips, which messes up the user experience pretty badly.

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

#55
post #5
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.

> $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 kind of tax rate do you think people are paying that they owe $7500 in federal taxes making $40,000/yr?

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

#56
post #48

I wonder if it makes more sense to lease vs. buy now (since self driving, electric, etc. technology is progressing quickly) -- it seems like lease discount/money factor isn't going down as quickly as it should with these cars. (I've never bought a new car, and never leased as a car, but probably will get a new EV as my next -- an S, 3, or Bolt.) Owning is great if you keep the car for 8-12 years like I've done, but I…

FYI leases on these just went from like $300+ / mo with a substantial down payment to sub $150 / mo with effective 0 down in California with incentives.

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

#57

Note that this is the Bolt not the Volt. Even as a petrol head who owns a V8 and a Subaru STI, I really like what GM has done with this vehicle. Really really great review from Doug DeMuro here: https://www.youtube.com/watch?v=d2ogGZXmepY Doug has a great style - really digs deep into all the quirks and oddities of the cars he reviews.

Calling their new full-electric the Bolt after they already had the Volt was the dumbest product naming marketing fowlup since the Wii-U.

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

#58
post #20

We just managed to sell another flagship GM vehicle, and the software was so bad, it was nearly a deal-breaker. (Most years of this model had software bugs that were so bad, they could literally kill you — for example, the exhaust system could overheat, and burn the car down). Also, basic electro-mechanical things, like seat belts and the FM radio started to die after 3-4 years. This is with light use in CA. Even whe…

Its what I keep telling people,

GM has been during PR on this car but the software is still far from complete.

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

#59

Hours per week charging is better than hours per day, but still only practical for people who can run heavy wiring to a private garage. I keep wishing gas station battery swaps were happening.

This is my issue also, although I suppose I represent a small fraction of the market -- I live in an urban apartment building with street parking, I won't be able to charge an EV at home until the infrastructure gets much, much better. This means I'd have to factor charging into all my trips, which messes up the user experience pretty badly.

Almost all of the US has parking minimums for apartment complexes. My apartment complex installed a charger after I pointed out how many existing residents had EVs.

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

#60
post #49

Earlier quoted context omitted.

He knows his targets are ripe for takeover. The car industry is stuck in the past.

can't take over the car industry when you can barely deliver 14% of what you promised: https://www.cnbc.com/2017/10/20/jpmorgan-slashes-its-tesla-m...

Do you really believe they wont solve the production issues?
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