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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I though this was a typo on the OP's part, but the website does indeed state a 40 amp breaker on a NEMA 14-50 outlet. Umm talk about a code violation.
(Keep in mind that this is a universal outlet install, NOT a direct wiring install. So the breaker NEEDS to be sized to the maximum load limit, not just the load limit of the primary device that's going to be installed on it.)
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.
Federal tax credit is from IRS
State rebate from from state government
Home charger installation is from GM
in fact there's even more inventive by california...they even offer grant to buy EV, if you know how to google
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1. Go through a licensed electrician and ensure quote includes permitting. Your home's electrical infrastructure is not a place to take any chances, and its a long term installation you want to do only once.
2 If going to the trouble of adding a new permitted circuit, max out what the 14-50 outlet can support at the time of installation: a 50 amp breaker and properly-sized wire to support it. You then have up to 40a of continuous load for EV charging as the future unfolds, and you won't have to pay an electrician again for an upgrade if you end up with a different EV that can handle a higher Level 2 charge rate or you end up driving more than you expected and want just bit more capacity.
3. Some chargers use only 3 of the 4 wires for a 14-50 (tesla I think is one). Just do a full 4-wire install on the 14-50. Then you can use the outlet for anything in the future.
While it's possible a lower 40a would be recommended by an electrician in some cases, like if a) the existing panel was maxed out on load capability and its simply not possible to go to 50a, or b) maybe its a really long wire runs causing significant additional cost to support 50a? But If the only reason for going with 40 is because you currently have a 32amp charger, take on what should be a negligible cost difference and do a 50. The only real variable cost would be if doing so requires fatter wire. You may change cars later and will appreciate the additional capacity afforded by 40amps.
Advice when getting outlet quote to make sure you pay a fair price:
1. If you own a more expensive EV, park it elsewhere prior to having the electrician come for the quote to avoid pricing biases some have observed.
2. Understand local materials cost. Cheap 14-50 home depot outlet is $10-$20. Expensive higher grade commercial Hubbell 14-50 is probably $100-$125. Home depot 50ft 6/3 wire right now online is 6.52/ft for 50ft roll, 8/3 is 5.78/ft for 50ft roll if you were to buy these things yourself without contractor discount, at least where I live. Also, check what your city charges for a permit for a new 50a circuit.
3. If you know what materials are needed, buy them beforehand (possibly with electrician advice) yourself so you don't pay electrician rates for driving and buying time. This can take some off the quote if you take on that part of the job yourself.
Being informed on actual costs when negotiating price can help you get your own better deal with the electrician
-can never take a road trip due to it taking 40 mins to get 150 miles vs teslas 15 mins to get 150 miles.
-cant carry 4 adults comfortably, you can only put kids in the back seat
-cars acceleration suffers greatly when you have passengers and luggage, good luck merging
-possibly the worst infotainment in any current EV for sale
Whatever savings you have on this car will evaporate the moment you have to go on a road trip. I dont understand who buys such a compromised vehicle. It made sense when they were $20,000 and chevy dealers struggled to get rid of them, but now the price has risen and tesla has lowered theirs, so thats no longer the reality.
There's a reason Omar Bradley said "Amateurs talk strategy, professionals talk logistics." I feel like many EV fanboys, politicians and even car companies aren't thinking this through at all. Even Rivian's service center thingy in Madison Heights, Michigan has like only ten chargers in the front parking lot. THIS IS AN ELECTRIC CAR COMPANY AND THEY CAN'T EVEN PUT ADEQUATE NUMBERS OF CHARGERS INSTALLED!
NOT A GOOD SIGN.
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