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

$7500 EV tax credit will end for Model 3 RWD and Long Range(twitter.com)

30 points by techplex 2 years ago | 24 comments

NewJazz 2 years ago |

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/only-these-ten-e...

NewJazz 2 years ago | |

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.

Kirby64 2 years ago | | |

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

trog 2 years ago | |

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.

Kirby64 2 years ago | |

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.

thejazzman 2 years ago | | |

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.

seanmcdirmid 2 years ago | | |

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

Ancalagon 2 years ago |

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.

bryanlarsen 2 years ago | |

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.

NewJazz 2 years ago | |

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.

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