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EVs are still too expensive for me, but heck even ICE cars are now way over priced. Car manufacturers and their dealers across the board are jacking up prices. But what I don't understand the most are why consumers keep buying them, you are just supporting and telling them to go ahead and rip us off.
Chevy bolt and Volvo ex30 are good affordable EV choices
So much fear mongering and straight up lies and misinformation from people who I assume shorted the stock. There is no safety issue whatsoever…they wouldn't be on the road if there was one. There is no comparable model y at the same price range…not even close. The idea that this will become a paperweight bc of a software issue in the future is laughable…yeah…all the karmas out there are paperweights right?
Sounds like someone who waited too long to sell his GameStop stock, lol.
not to mention the millions who don't make enough money or pay enough taxes to get the tax deductions. (specifically, young adults retired folks, etc... so they are back to buying ICE cars/SUVs for now)
That's not how that works for the point of sale credit.
As long as you're under the max income cap, and the vehicle qualifies, you get $7500 off at point of sale.
Even if you will owe nothing when it comes time to file your taxes.
The IRS does not ask you to return the difference to them.
The true sad story is everyone buying EVs. I don't think people realize batteries are a wear item that you will have to pay a ton of money when they eventually wear out. Secondly, the fact that people buy a car that requires a user account login to drive is beyond me.
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Yes, EV's will be the future. Problem is we do not and will not have the infrastructure in place to charge the cars for a very long time. Apartment dwellers, condo towers, etc., where will they charge conveniently? Can't even keep the lights on in California and Texas during peak demand under today's conditions.
Elon helped light the fire, but as others have commented his cars look BORING and are long in the tooth from an exterior design standpoint.
I love my ICE C8 Corvette which happily runs on 4 cylinders when cruising along the highway!
Last edited by gmanhdtv2 March 31, 2024 at 07:57 PM.
The true sad story is everyone buying EVs. I don't think people realize batteries are a wear item that you will have to pay a ton of money when they eventually wear out..
Quality EV batteries typically last longer than the average car is in use- so no, they probably won't have to do that at all.
Most new car buyers only keep a new one 5-8 years... (which for average miles driven is about 13.5k miles a year, so 67.5k-108k miles)... EVs typically warranty their batteries for 8 years and 100-120k miles... so you'll generally be covered the entire time you own a new car based on average numbers.
After that, average age of ALL cars is 12.5 years, which 12.5x13.5k is 168,750 miles.
Fleet data from Tesla (the vast majority of all EVs on the road in the US) tell us even their very oldest tech batteries still retain near 90% charge at 200,000 miles.
So again- just fine.
Certainly it's possible the uber-high-miler folks who buy a new car and plan to keep it 500k miles might have a battery replacement in that time (though with newer EVs even THAT is unlikely)... but a single one over 500k miles, which with average mileage is 37 years doesn't seem too bad.
Yes, EV's will be the future. Problem is we do not and will not have the infrastructure in place to charge the cars for a very long time
Roughly 2/3rds of americans, right now, live in detached single family homes or similar.
Add in folks in duplexes with garages or driveways, apartments with garages, apartment buildings with charging options, and work charging options.... and you're pretty near to 80% of the US population having charging options at home or their workplace today
I agree covering the other 20% will require more effort--- but given US market share right now is under 10% (it's expected to hit 10% this year) and 80% of the market COULD charge at home, it's not really an issue right now....and there's plenty of time to cover that remaining 20% before it becomes one.
Last edited by Knightshade March 31, 2024 at 08:05 PM.
LOL, Waiting for the rest to follow suit so the industry can focus on advanced Hybrid and Hydrogen tech. This Battery tech is a few decades away if that. They need to find a replacement for strip mining in Africa to make these "GREEN" car batteries.
Man you're too easy to influence and very naïve.
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Roughly 2/3rds of americans, right now, live in detached single family homes or similar.
Add in folks in duplexes with garages or driveways, apartments with garages, apartment buildings with charging options, and work charging options.... and you're pretty near to 80% of the US population having charging options at home or their workplace today
I agree covering the other 20% will require more effort--- but given US market share right now is under 10% (it's expected to hit 10% this year) and 80% of the market COULD charge at home, it's not really an issue right now....and there's plenty of time to cover that remaining 20% before it becomes one.
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That's not how that works for the point of sale credit.
As long as you're under the max income cap, and the vehicle qualifies, you get $7500 off at point of sale.
Even if you will owe nothing when it comes time to file your taxes.
The IRS does not ask you to return the difference to them.
Sign up for a Slickdeals account to remove this ad.
Elon helped light the fire, but as others have commented his cars look BORING and are long in the tooth from an exterior design standpoint.
I love my ICE C8 Corvette which happily runs on 4 cylinders when cruising along the highway!
Quality EV batteries typically last longer than the average car is in use- so no, they probably won't have to do that at all.
Most new car buyers only keep a new one 5-8 years... (which for average miles driven is about 13.5k miles a year, so 67.5k-108k miles)... EVs typically warranty their batteries for 8 years and 100-120k miles... so you'll generally be covered the entire time you own a new car based on average numbers.
After that, average age of ALL cars is 12.5 years, which 12.5x13.5k is 168,750 miles.
Fleet data from Tesla (the vast majority of all EVs on the road in the US) tell us even their very oldest tech batteries still retain near 90% charge at 200,000 miles.
So again- just fine.
Certainly it's possible the uber-high-miler folks who buy a new car and plan to keep it 500k miles might have a battery replacement in that time (though with newer EVs even THAT is unlikely)... but a single one over 500k miles, which with average mileage is 37 years doesn't seem too bad.
Roughly 2/3rds of americans, right now, live in detached single family homes or similar.
Add in folks in duplexes with garages or driveways, apartments with garages, apartment buildings with charging options, and work charging options.... and you're pretty near to 80% of the US population having charging options at home or their workplace today
I agree covering the other 20% will require more effort--- but given US market share right now is under 10% (it's expected to hit 10% this year) and 80% of the market COULD charge at home, it's not really an issue right now....and there's plenty of time to cover that remaining 20% before it becomes one.
Sign up for a Slickdeals account to remove this ad.
Add in folks in duplexes with garages or driveways, apartments with garages, apartment buildings with charging options, and work charging options.... and you're pretty near to 80% of the US population having charging options at home or their workplace today
I agree covering the other 20% will require more effort--- but given US market share right now is under 10% (it's expected to hit 10% this year) and 80% of the market COULD charge at home, it's not really an issue right now....and there's plenty of time to cover that remaining 20% before it becomes one.
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