8 ms·

"affordable" is doing a LOT of work in that first sentence of the article.

1970-01-01 3y ago
I'm surprised they didn't mention the thousands in fed, state, and sometimes local rebates. You can knock a very big chunk of change off the sticker price if you live in an EV friendly location. https://www.irs.gov/credits-deductions/manufacturers-and-models-for-new-qualified-clean-vehicles-purchased-in-2022-and-before#collapseCollapsible1689273421067 https://www.irs.gov/credits-deductions/manufacturers-and-mod... https://electrek.co/2023/06/30/ev-tax-credit-rebate-states-electric-vehicles/ https://electrek.co/2023/06/30/ev-tax-credit-rebate-states-e...
- dkasper 3y ago
  A lot of people buying $78000 cars (even if $68000 with discounts) don’t qualify for the credits. I know I don’t.
  - 1970-01-01 3y ago
    IMHO, the fed restrictions are extremely fair. Anyone that is unable to meet these requirements should not get a $7500 discount. https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after https://www.irs.gov/credits-deductions/credits-for-new-clean...
    - bombcar 3y ago
      The biggest requirement is that you have $7500 in taxes to offset with the credit, afaik it’s not refundable.
      - 1970-01-01 3y ago
        That was the old credit. The new credit is just a big rebate check. Many manufacturers just discount the price of the vehicle by this much and pocket the check. It will begin January 1st 2024.
    - pfannkuchen 3y ago
      Why not? The incentive is intended to increase EV adoption, not to help people buy cars generally. I don’t see how extending the incentive to all income levels would work against the goal.
- gottorf 3y ago
  > the thousands in fed, state, and sometimes local rebates As recently as June, 85% of all EV buyers had a household income greater than $75k/year, with almost 40% making over $200k[0]. The median household income in the US is roughly $75k. It seems wrong to me that policy is subsidizing the purchasing habits of the richer half of the population. [0]: https://www.spglobal.com/mobility/en/research-analysis/firstever-major-us-metro-area-hits-50-electrified-vehicle-regi.html https://www.spglobal.com/mobility/en/research-analysis/first...
  - 1970-01-01 3y ago
    >It seems wrong to me that policy is subsidizing the purchasing habits of the richer half of the population. It isn't? There is no minimum income on the rebate. This is a red herring argument.

1970-01-01 3y ago

I'm surprised they didn't mention the thousands in fed, state, and sometimes local rebates. You can knock a very big chunk of change off the sticker price if you live in an EV friendly location. https://www.irs.gov/credits-deductions/manufacturers-and-models-for-new-qualified-clean-vehicles-purchased-in-2022-and-before#collapseCollapsible1689273421067 https://www.irs.gov/credits-deductions/manufacturers-and-mod... https://electrek.co/2023/06/30/ev-tax-credit-rebate-states-electric-vehicles/ https://electrek.co/2023/06/30/ev-tax-credit-rebate-states-e...

dkasper 3y ago
A lot of people buying $78000 cars (even if $68000 with discounts) don’t qualify for the credits. I know I don’t.
- 1970-01-01 3y ago
  IMHO, the fed restrictions are extremely fair. Anyone that is unable to meet these requirements should not get a $7500 discount. https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after https://www.irs.gov/credits-deductions/credits-for-new-clean...
  - bombcar 3y ago
    The biggest requirement is that you have $7500 in taxes to offset with the credit, afaik it’s not refundable.
    - 1970-01-01 3y ago
      That was the old credit. The new credit is just a big rebate check. Many manufacturers just discount the price of the vehicle by this much and pocket the check. It will begin January 1st 2024.
  - pfannkuchen 3y ago
    Why not? The incentive is intended to increase EV adoption, not to help people buy cars generally. I don’t see how extending the incentive to all income levels would work against the goal.
gottorf 3y ago
> the thousands in fed, state, and sometimes local rebates As recently as June, 85% of all EV buyers had a household income greater than $75k/year, with almost 40% making over $200k[0]. The median household income in the US is roughly $75k. It seems wrong to me that policy is subsidizing the purchasing habits of the richer half of the population. [0]: https://www.spglobal.com/mobility/en/research-analysis/firstever-major-us-metro-area-hits-50-electrified-vehicle-regi.html https://www.spglobal.com/mobility/en/research-analysis/first...
- 1970-01-01 3y ago
  >It seems wrong to me that policy is subsidizing the purchasing habits of the richer half of the population. It isn't? There is no minimum income on the rebate. This is a red herring argument.