[Pilot1226]

This is interesting. I’m curious to see if the new US administration resets the $7500 federal tax credit for manufacturers like Tesla that have exceeded the sales cap.

Also noteworthy is the fact that it would make a Model 3 SR+ drop from its sticker 37,990 by 12,500 to 25,990. And, it drops the sticker on the Y SR from 41,990 to 29,490. If that comes to fruition I might have to think about that one hard.

Anyway, found it neat regardless.

President Biden will make entire 645k federal vehicle fleet electric - Electrek

President Joe Biden has just announced that he will replace the entire US federal fleet with electric vehicles made in the US. The US federal fleet consists of over 645,000 vehicles, according to the latest Federal Fleet Report. This includes 245k civilian vehicles, 173k military vehicles, and...

electrek.co

 

[Pilot1226]

Rather than posting a new thread I figured I’d update this one.

Sounds like Congress is trying to push through more EV and Green incentives which would restore a $7000 tax credit for the next 400,000 units for the manufacturers that have exceeded the quota.

Combining this with the state EV discount of $5000, and no sales tax for an EV sale, this becomes interesting.

That would reduce the sticker price of the $39000 Model Y SR by $12000, reducing the cost to $27000. Given the same 60 month financing, it would reduce my payments from the low 600’s I pay for my Onyx down to $450 before interest. At 4% for 60, it would add about $50/month. That’s still over $100 less than my Onyx finance, and then I’d save on my fuel cost as well, which has been more than expected.

For reference:
Averaging 18 mpg. Drive 12k per year. That’s 667 gallons of fuel per year.

At current price of $2.50: 1667/year
At future price of $3.00: 2000
At future price of $3.50: 2337.

Estimating around 3 miles per kWh in the Model Y. That seems to be on the lower side, even in winter. With moderate climate management and reasonable highway speeds, you are closer to 4 mile per kWh.

Current price 0.17 per kWh.
12000 miles at 3 mpkWh - 4000 kWh
$680 per year

12000 miles at 4 mpkWh - 3000 kWh
$510 per year.

Even assuming an increase to 0.20 per kWh, still is $800 at 3 mpkWh.

No oil changes every 3000 miles (turbo severe service) saves another $75 x4 per year. No major 30k and 60k service. Calling the brakes and rotors savings a wash due to Increased tire wear.

Getting harder and harder to resist.

 

[Pilot1226]

Holy crap!


The Electric Cars Act changes three important things in the federal tax credit program:

• Eliminating the per manufacturer cap, allowing consumers access to the tax credit for the next 10 years, regardless of the manufacturer from which they purchase their car;
• Allowing buyers to use the tax credit over a five-year period, or apply the credit on the spot at the dealership to reduce the price of the vehicle, making the credit more applicable to those without large tax liability; and
• Providing a 10-year extension of tax credits for alternative fuel vehicles and charging infrastructure to incentivize the buildout of this important infrastructure around the country.
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• An even more generous electric car federal tax credit reform is being proposed - Electrek