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$7500 EV tax credit will end for Model 3 RWD and Long Range

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Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#11

Post by foogazi »

okasaki wrote: post #6
toomuchtodo wrote: post #3

Earlier quoted context omitted.

Battery content. This is to stoke the buildout of the US battery manufacturing supply chain, and will derisk against geopolitical risk and China holding the energy transition hostage. As Charlie Munger said, “Show me the incentives, I'll show you the outcome.” https://www.reuters.com/business/autos-transportation/us-lim... ("US to limit Chinese firms, battery parts from winning EV tax credits") (My take: It's just go…

Global decoupling of trade and deglobalization is good? Who decided that?

That’s not what parent comment said

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#12

Post by NewJazz »

Kirby64 wrote: post #10
NewJazz wrote: post #7

Earlier quoted context omitted.

I guess the Model X somehow got classified as an SUV/light-truck, so they can sell it for much higher and still qualify for the subsidy. But it is questionable how many people who meet the income requirements for the subsidy are going to buy an 80k car in the first place.

If the Mach-E, Lyriq, and Model Y are classified on the 80k limit, the Model X definitely should be.

Frankly I don't know why bigger vehicles qualify for the subsidy more easily to begin with. America continues to incentivize bigger vehicles even though they are proven to be more dangerous for pedestrians.

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#13

Post by bee_rider »

okasaki wrote: post #6
toomuchtodo wrote: post #3

Earlier quoted context omitted.

Battery content. This is to stoke the buildout of the US battery manufacturing supply chain, and will derisk against geopolitical risk and China holding the energy transition hostage. As Charlie Munger said, “Show me the incentives, I'll show you the outcome.” https://www.reuters.com/business/autos-transportation/us-lim... ("US to limit Chinese firms, battery parts from winning EV tax credits") (My take: It's just go…

Global decoupling of trade and deglobalization is good? Who decided that?

Energy infrastructure is pretty fundamental stuff, it is good to have some independence.

There are alternative configurations for globalization other than: everybody buys everything from one country.

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#14

Post by mint2 »

okasaki wrote: post #6
toomuchtodo wrote: post #3

Earlier quoted context omitted.

Battery content. This is to stoke the buildout of the US battery manufacturing supply chain, and will derisk against geopolitical risk and China holding the energy transition hostage. As Charlie Munger said, “Show me the incentives, I'll show you the outcome.” https://www.reuters.com/business/autos-transportation/us-lim... ("US to limit Chinese firms, battery parts from winning EV tax credits") (My take: It's just go…

Global decoupling of trade and deglobalization is good? Who decided that?

Oh I don’t know, call me crazy but perhaps, just perhaps it could be the massive failure of the west’s several decade bet from like 1990 through 2015ish that open trade with Russia and China would influence their behaviors for the better. In reality all it did was give fairly hostile countries substantial leverage over the west. Good outcome yeah!

But im not a libertarian on the internet so what do I know.

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#15

Post by thejazzman »

Kirby64 wrote: post #9
NewJazz wrote: post #4

Only these 10 EVs will qualify for the full federal tax credit in 2024 Chevrolet Bolt EV - $26,500 Chevrolet Equinox EV - $48,995 Ford F-150 Lightning - $49,995 Tesla Model 3 Performance - $50,990 Chevrolet Silverado - $51,895 Tesla Model Y Performance - $52,490 Chrysler Pacifica PHEV - $53,425 Chevrolet Blazer EV - $60,215 Cadillac LYRIQ - $58,590 Tesla Model X - $79,990 https://www.thestreet.com/electric-vehicles/o…

Wait, what? Why would the Model 3 Performance be eligible for the credit but not the Model 3 Long Range? Do they actually have different batteries? I thought the only difference between them was motor, some software, and the wheels.

If you go by what everyone parrots on the internet, they are the same. But I haven't actually seen anyone specify part numbers of one vs the other. And it's Tesla, so what's true one moment may not be the next.

It's possible it own't even remain eligible. I believe it's inclusion here is because Tesla hasn't acknowledge it's exclusion. That could be because they discontinue offering a Performance model -- like they have in Europe with the launch of the Highland revision.

Shrug.

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#16

Post by wil421 »

NewJazz wrote: post #12
Kirby64 wrote: post #10

Earlier quoted context omitted.

If the Mach-E, Lyriq, and Model Y are classified on the 80k limit, the Model X definitely should be.

Frankly I don't know why bigger vehicles qualify for the subsidy more easily to begin with. America continues to incentivize bigger vehicles even though they are proven to be more dangerous for pedestrians.

Because they are trying to incentivize EV adoption not smaller vehicles. The top selling segments are SUVs and trucks. If you want to tackle emissions it makes sense to go after the popular vehicle types.

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#17

Post by NewJazz »

wil421 wrote: post #16
NewJazz wrote: post #12

Earlier quoted context omitted.

Frankly I don't know why bigger vehicles qualify for the subsidy more easily to begin with. America continues to incentivize bigger vehicles even though they are proven to be more dangerous for pedestrians.

Because they are trying to incentivize EV adoption not smaller vehicles. The top selling segments are SUVs and trucks. If you want to tackle emissions it makes sense to go after the popular vehicle types.

the top selling segments are SUVs

Seems like a self fulfilling prophecy.

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#18

Post by okasaki »

mint2 wrote: post #14
okasaki wrote: post #6

Earlier quoted context omitted.

Global decoupling of trade and deglobalization is good? Who decided that?

Oh I don’t know, call me crazy but perhaps, just perhaps it could be the massive failure of the west’s several decade bet from like 1990 through 2015ish that open trade with Russia and China would influence their behaviors for the better. In reality all it did was give fairly hostile countries substantial leverage over the west. Good outcome yeah! But im not a libertarian on the internet so what do I know.

Free trade certainly didn't make American behavior any better, so I don't know why anybody thought that.

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#19

Post by seanmcdirmid »

Kirby64 wrote: post #9
NewJazz wrote: post #4

Only these 10 EVs will qualify for the full federal tax credit in 2024 Chevrolet Bolt EV - $26,500 Chevrolet Equinox EV - $48,995 Ford F-150 Lightning - $49,995 Tesla Model 3 Performance - $50,990 Chevrolet Silverado - $51,895 Tesla Model Y Performance - $52,490 Chrysler Pacifica PHEV - $53,425 Chevrolet Blazer EV - $60,215 Cadillac LYRIQ - $58,590 Tesla Model X - $79,990 https://www.thestreet.com/electric-vehicles/o…

Wait, what? Why would the Model 3 Performance be eligible for the credit but not the Model 3 Long Range? Do they actually have different batteries? I thought the only difference between them was motor, some software, and the wheels.

I would guess they aren't using a Chinese LFP battery in the M3 performance, but they are in the other models?

Re: $7500 EV tax credit will end for Model 3 RWD and Long Range

#20

Post by Ancalagon »

Huge bummer for the EV industry but they’re honestly still just too expensive up front. First you need to have a home with a garage, then you need to have a 220v charging port - preferably two, preferably solar panels - and only then does it make sense to buy a base model for 40k, which is pretty expensive and never mind financing with these interest rates.
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