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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Item 1 of 13
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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The battery pack replacement (the worst case scenario) costs $15,734.29.
https://insideevs.com/news/333287...ery-costs/
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The battery pack replacement (the worst case scenario) costs $15,734.29.
https://insideevs.com/news/333287...ery-costs/
For you escaping gas tax
to replace the battery!
Looks like most wont be able to afford that and the car will be in the landfill.
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GM is ending Bolt production because 2nd gen battery tech... 3rd gen batteries supposed will cost 40% less and hint at another sub $30k Bolt replacement....
https://insideevs.com/news/671553...t-bolt-ev/
The troll comments on this thread sealed the deal 👍
That people are fighting this hard against the technology convinced me it was the smart thing to do
The dealer was a PITA (obviously), but the car is really nice! $9.5k off (tax rebates) with a free outlet install makes it a damn good deal...
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Will that really be a refurbished/recycled $16,000 + battery thats not as good as the original?
Most will have to finance that $16,000 battery , imagine the interest rate on that!
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