$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
#2[flagged]
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#3[flagged]
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 good policy considering global decoupling of trade and deglobalization in general; you must build to own your future and destiny, we are learning this the hard way after offshoring for decades)
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#4Only 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
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#5[flagged]
> I thought Biden's administration was all about green energy. What gives?
Your complaint should be with the legislative branch, not the executive. The Inflation Reduction Act of 2022 added requirements on the battery material sources to come into effect 2024. The biggest problem for most EVs is that the act requires the materials not to come from a "foreign entity of concern" (FEOC) to qualify for the rebate. China is designated as an FEOC and most EV batteries have materials from China.
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#6[flagged]
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?
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#7Only 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 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.
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#8Earlier 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?
The geriatric US Senate.
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#9Only 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.
Re: $7500 EV tax credit will end for Model 3 RWD and Long Range
#10Only 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 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.