Only 10 Models Qualify for Full 2024 EV Tax Credit?

[Rand]

Its a great appliance, just not an appliance worth near 50k large. At that price point you can get a well equipped NX/x1 etc.

yep the dodge hornet E-RT is also interesting but about 8k-10k$ too much
and... 11gal fuel tank..../barf

 

[JeffKeryk]

I'm likely a 2024 M3P customer. I wish the incentive would go away; perhaps Elon would drop the price?

 

[Astro_Guy]

This is going to hurt EV sales BIG TIME-they’ve already been declining…

It seems that registrations of new EVs keep climbing every quarter here in the USA. Perhaps you would care to share some sources for this statement. Personally I have no doubt that sales of some models are declining as more and more choices enter the makrtplace, but aggregate sales continue to move up.

 

[Torrid]

I'm likely a 2024 M3P customer. I wish the incentive would go away; perhaps Elon would drop the price?

Maybe. I'd rather have a discount that way than a tax credit.

 

[edyvw]

So actually GM is the most American company.

 

[Torrid]

So actually GM is the most American company.

I guess. Tesla has one of every one of their lines on the list except the Model S which costs too much to qualify, but the X does because it’s considered an SUV. Technically GM has more EV models even if they make less EVs.

 

[Rmay635703]

Tesla is switching cars to Cobalt free non-flammable LIFEPO4 batteries which causes the credit to decrease/drop

Simple as that

 

[Ws6]

Yeah I wouldn't call that a penalty box. I've never gotten that impression from any Toyota of the last 20 years. I've driven many Yaris and they've had hard plastic, but it felt like a quality product.

I should actually clarify that I've never driven a Toyota that didn't feel like a well engineered car. It might not be the car that I like, but it felt well built. If I could call a Toyota anything it would be boring just because my taste in vehicles.

I owned a 2021 XSE. It was a penalty box, but it was pretty fast in a straight line for a RAV4, lol!

 

[Ws6]

Tesla is switching cars to Cobalt free non-flammable LIFEPO4 batteries which causes the credit to decrease/drop

Simple as that

Not all of them. Those cells won't support the kind of performance some buyers desire.

 

[k1xv]

I dunno, affluent people in my experience are the stingiest.

That's how they got to be affluent. Only my poorest cousins regularly go to Starbucks.

 

[Torrid]

Not all of them. Those cells won't support the kind of performance some buyers desire.

And that's precisely why the fast ones are still getting the credit.

 

[Ws6]

And that's precisely why the fast ones are still getting the credit.

My GT didn't, but that's okay. I bought it knowing that and am good with it.

 

[JeffKeryk]

Maybe. I'd rather have a discount that way than a tax credit.

That would work for me; the tax credit would not. Also, some customers only qualify for partial credit because their tax burden is less than $7500.
When the credit was halved in 2018, Tesla dropped prices.

 

[Torrid]

That would work for me; the tax credit would not. Also, some customers only qualify for partial credit because their tax burden is less than $7500.
When the credit was halved in 2018, Tesla dropped prices.

Yeah I'd have to look to see how I would benefit with a credit. I'd rather just pay less at the point of sale even if I would get the full credit. I never dug into it when we bought the Model 3 because we purchased it at the end of 2022 when the credit disappeared temporarily.

If I bought it with my previous job and I know I wouldn't have made enough to get the full credit. Then again I don't know that I would have felt I comfortably afforded buying a car of that price on nearly half my current income.

 

[Torrid]

My GT didn't, but that's okay. I bought it knowing that and am good with it.

Yeah it didn't stop me from our purchase either. The whole process of a tax credit just seems pointless.

 

[dogememe]

I really want Equinox EV!!

 

[proveitwithdata]

I really want Equinox EV!!

Chevy is launching all the EUVs they can, well soft launching since who knows when SOP is.

 

[E365]

I really want Equinox EV!!

I think it will be the best combo of price/range/size to-date in the USA EV industry.

 

[97prizm]

What, 15 years of 10-20% discounts at taxpayer expense isn’t enough to make people happy? The most disgusting part of this is that the people that would actually benefit from this probably represented less than 5% of beneficiaries; we basically gave handouts to the top 5% of all wage earners, paid out of everyone’s pocket.

Tesla shouldn't get any as Musk keeps saying how stupid subsidies are. Not seeing them turn those down. If you want an ev get one if not don't.

 

[Torrid]

What, 15 years of 10-20% discounts at taxpayer expense isn’t enough to make people happy? The most disgusting part of this is that the people that would actually benefit from this probably represented less than 5% of beneficiaries; we basically gave handouts to the top 5% of all wage earners, paid out of everyone’s pocket.

It's got to be a narrow wave of people actually getting full credits if it goes away after $150k a year single or $300k married. I'm sure it takes at least $100k to get the full credit by having enough taxable income. We're nowhere near the top 5% of wage earners at this level. It must be a narrow gap of between 15% and 18% if I had to guess. Last I heard about 18% make $100k or more.

Tesla shouldn't get any as Musk keeps saying how stupid subsidies are. Not seeing them turn those down. If you want an ev get one if not don't.

I don't know if its something to turn down if he could. I thought that was all after purchase and filed with taxes. I don't know though, they don't shy away from advertising it on the Tesla website.