Beginning in 2024, everyone under the income limit qualifies for the full $7,500 rebate. It does not matter if you owe less than that in taxes, and you can get it at the time of purchase instead of waiting for next year's taxes.
https://www.npr.org/2023/12/28/12...ford-vw-gm
frontpageDC13 posted Jun 03, 2023 09:12 PM
Item 1 of 13
Item 1 of 13
frontpageDC13 posted Jun 03, 2023 09:12 PM
2023 Chevrolet Bolt EV 1LT + $7500 Tax Credit + In-Home Charger Install
(For Qualifying Buyers)from $26500
$26,500
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edit: For clarification from the wiki: "The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due."
So lower income people will not get a $7500 refund, it depends on your liability. i.e. A SDer responded about a student being angry in a previous thread that they only got $500 back and not $7500.
Virtually all of the ICE vehicle can be recycled. Generally the only items not recyclable per se will be interior trim - it's mixed plastic and rubber. Engine? steel or aluminum. Gearcases? Steel or aluminum. Body, frame, etc, steel or aluminum. In fact, about 86% of a car can be recycled [recyclenation.com].
Meanwhile your EV will still have a fully and readily recyclable frame and body, just like the ICE. The motor will generally be recyclable. The battery? Not really. Generally batteries and battery packs are not really designed for recycling. Most are just thousands of individual cylindrical cells, that themselves are spiral wound multilayer structures. There's no easy way to separate the materials here. An ICE, you literally rip out the engine with heavy equipment and include it in with any other steel or aluminum - the process is astonishingly easy and quick [youtube.com] with heavy equipment.
Meanwhile, the batteries are generally just shredded [ucsusa.org]. The resulting material is called "black mass" and is placed into a bath of caustic chemicals to leech out the *important* elements. In certain cases, that black mass is first incinerated to burn off plastic and epoxies. Yeah that sounds super efficient and environmental to me.
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(spoiler: I did not)
I watched that movie "Blackberry" today and going electric seems like it's going from the Iphone back to the Blackberry with the physical keyboard and trackpad. I don't get how anyone thinks it's the future. If you watch anything like Shark Tank, if anyone took an idea for an EV company to the show, assuming this was a world where EVs didn't exist and only gas cars did, you would be laughed out of the room. "The car takes an 8 hours to slow charge at home, 30 minutes to an hour to charge at a fast charger, but only to 80%, but don't do it all the time, it will damage the battery. You will probably need a house to charge your car. The battery costs $20,000 to replace. On the plus side, maintenance is minimal but the car is heavier than a gas car. Range is affected in the winter."
The response from Kevin and Mark would probably be like, "I can fill up my gas tank in two minutes, why would anyone invest in this? You said maintenance is minimal but an EV has the same brakes, suspension, electrical components, a 12 volt battery and tires as a gas car and we know those definitely are going to need maintenance. The battery is over $20K to replace...who would buy this over a gas car? What is better about it? I'm out..."
I don't get it. I really don't. Don't call me stupid or uninformed, not going to work. There's like a cult-like mentality about electric in that people think that EVs are better because they're different, they don't have engine noise(although a Tesla next to me stopped at a light was making rumbling noises, don't ask me how or why) and because people think waiting to charge is somehow a religious experience or something, LOL.
Did I mention each car takes the equivalent of three house's daily energy demands to recharge? That's wild.
That being said, if you live in a major city, good luck finding a Bolt that isn't over MSRP
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I saw the law/bill but couldn't make heads or tails of when it can be used
Some dealers will even match that price if they have in inventory. YMMV.
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