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
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.
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.
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.
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.
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.
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.
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.