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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

#21

Post by trog »

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…

I know this is a bit of a chicken and egg thing because there just aren't that many smaller EVs, but it'd be nice to see more tax credits for smaller, cheaper vehicles.

Incentivising the hell out of the low end could make travel significantly cheaper for a huge number of people and might mean we can move away from this energy expensive, mutually assured destruction arms race of huger and huger vehicles.

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

#22

Post by Kirby64 »

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.

Not just that - top selling or not, you want to remove worse emission vehicles since they contribute a larger amount to emissions. One truck replaced with an electric version is effectively equivalent to 1.5-2 sedans, in terms of emissions per mile.

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

#23

Post by Kirby64 »

seanmcdirmid wrote: post #19
Kirby64 wrote: post #9

Earlier quoted context omitted.

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?

Unless they're heavily retooled (which is possible, I guess), historically they haven't been able to fit a large enough LFP battery into the Model 3 to meet the EPA range of the 'Long Range' version.

Also, the Performance version of every car Tesla makes has used an identical battery to the 'AWD' (or, Long Range) battery. You can tell, because the range is slightly reduced due to the additional motor and/or larger tires.

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

#24

Post by NewJazz »

Kirby64 wrote: post #22
wil421 wrote: post #16

Earlier quoted context omitted.

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.

Not just that - top selling or not, you want to remove worse emission vehicles since they contribute a larger amount to emissions. One truck replaced with an electric version is effectively equivalent to 1.5-2 sedans, in terms of emissions per mile.

The Chrysler Pacifica PHEV has a <40 mile electric range. But vehicles like the Mini Cooper SE, all of Hyundai/Kia's EVs, and Tesla's standard range Model 3 and Y are missing out on the subsidy while gas guzzling minivans rake in the dough.

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

#25

Post by NewJazz »

Ancalagon wrote: post #20

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.

You don't need all of that. If you can charge at home that is helpful (even at L1 rates), but if you live near a DCFC that works too.

40k also isn't really expensive for a new car. It is below average.

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

#26

Post by bryanlarsen »

Ancalagon wrote: post #20

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.

Plugging in to L1 charging overnight for 12 hours will get you 420 miles a week of range, enough for 30 miles per week day and 270 on the weekend. More than that on the weekend and you're probably using a DC day charger anyways. You really only need 220V if you're driving >50 miles per weekday.

Or if you're parking outside in the winter. 120v will keep your battery warm or charge, but not both.

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