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
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expiredDC13 posted Jun 3, 2023 9:12 PM
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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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We need more of our smart kids going into engineering than Wall street, or else things catch on fire and we are all in trouble.
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.
First task. Make electricity. Only viable way to handle demand for EV's is thorium reactors. I know everyone freaks out about nuclear. But educate yourself. If you want EV it's the only way.
In the mean time embrace hybrids. They address so many of ICE's shortcomings and will cut emissions by well over 50%.
I am for EV's. But blindly pushing something that is not ready for mass market is a sure why to fail.
In 2022, the contribution limits to workplace plans, such as 401(k)s, are the lesser of $22,500, or 100% of compensation. Check out the IRS resources for more information.
Finally, your concern about replacement parts is a bit unfounded. First of all, it's a GM, and there are thousands of GM dealers with parts inventories, and secondly, I believe federal law requires all vehicle manufacturers in the United States to carry replacement parts for their respective vehicles for at least 7 years after the subject vehicle's last year of manufacture. So, you'll have replacement parts for many years to come.
Here's a pic of the Bolt in Premier trim - in black:
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I personally like the style of my EUV. There are certainly uglier ICE cars being sold. Also, I'm not a teenager anymore so looks aren't the primary factor for me anyway.
I find it roomy enough inside even with 3 passengers.
I think for a new vehicle it's an exceptional price.
I think the battery will likely last as long as many engines/transmissions.
I believe it saves me money, both on gas and maintenance.
I think the electrical needs are being overstated. Some days I don't drive my car, 90% of the days I drive it less than 30 miles. Some people do drive more of course, but for the many of us who don't, we're taxing the electric grid very little.
More fast chargers are being built as we speak, but they'll never be needed in the same numbers as gas stations. Most people charge their EVs at home. I will save time and hassle not going to "fill up" anymore.
Above all, EVs are pleasant to drive in my opinion. Quiet and smooth and accelerate nicely.
If they aren't for you, that's great. Don't buy one. But resorting to petty, factually untrue insults is not only unnecessary, but kind of sad.
And for the Tesla fanboys who love to bash the Bolt, lay off a bit. As fellow EV owners, we have more in common with you than not. I have considered buying a Tesla for years, but for several reasons I chose the Bolt. I don't blame you for preferring the Tesla, but they do cost more and have certain aspects that are less desirable to some of us. Still, I'm glad to see more and more of them on the road each day. More EVs on the road will lead to better infrastructure for all of us I hope.
One of the biggest things people miss with EVs is how many fewer (moving) parts they have... just so many fewer things that can break. I don't miss changing oil or serpentine belts, or having my transmission decide it should stop working and require a $5+K replacement.
I haven't installed a Level 2 (240 volt) charger at the house in 10 years of EV ownership because Level 1 (120 volt) slow charging works fine for me and my employer recognizes the need for Level 2 workplace charging. There's a Tesla supercharger (Level 3) a couple miles away plus free Level 2 chargers around town.
I speak with people at work who want to tear down EVs with things they have read on social media and most of them are just completely misinformed.
A couple points that usually get folks to change the subject:
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great advice
I am for EV's. But blindly pushing something that is not ready for mass market is a sure why to fail.
Having said that, I have 2 cars so use the gasoline car for trips.
I think short to medium term, most people are better served by hybrids (40+ mpg) and/or PHEV, especially if you just have 1 vehicle.
If 2+ vehicles, then get EVs for the 2nd car. You might not save money vs gasoline (especially if your electricity cost is $0.40/kWh or more), but not having to deal with maintenance is a huge plus. Also great acceleration from red light stops 😄
First task. Make electricity. Only viable way to handle demand for EV's is thorium reactors. I know everyone freaks out about nuclear. But educate yourself. If you want EV it's the only way.
In the mean time embrace hybrids. They address so many of ICE's shortcomings and will cut emissions by well over 50%.
I am for EV's. But blindly pushing something that is not ready for mass market is a sure why to fail.
We don't need to generate a massive new amount of electricity either -- we just need to become more efficient in the way that we produce it.
https://cleantechnica.c
EVs can actually help stabilize the grid by helping flatten the peaks in demand:
https://www.csrwire.com/press_rel...g-use-case
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