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> The Bolt EV costs $36,620, the Prius $23,475. The Chevy Bolt has a $7500 electric vehicle tax credit, many states have rebates of $1000 to $3000, and some ut
by dangrossman 9y ago
> The Bolt EV costs $36,620, the Prius $23,475.
The Chevy Bolt has a $7500 electric vehicle tax credit, many states have rebates of $1000 to $3000, and some utility companies offer their own rebates and incentives. That narrows the price difference quite a bit, and drops it well below the average new car selling price.
You're also not going to be producing gasoline at home, while a lot of people buying these expensive early electric vehicles are also early adopters of solar panels.
If you look at the $/kWh trend on lithium ion batteries (over 80% drop in 6 years), the most expensive part in these cars, it's only a matter of time before EVs cost no more than other types of vehicles without the government help.
- djrogers 9y ago> You're also not going to be producing gasoline at home, while a lot of people buying these expensive early electric vehicles are also early adopters of solar panels I'm an electric car fan, but to be fair, unless your solar installation is proceeding more than you can use, and you don't have net-metering, then this is a false advantage here. Every KWh you use to charge your car is one you'll eventually have to buy from (or not sell to) the power company.
- UnoriginalGuy 9y ago> are also early adopters of solar panels. Solar panels which are paid for themselves by sending money back to the grid. If you redirect it into your vehicle, then you've just transferred the cost from the power company to your solar panel loan.
- stouset 9y agoIf you're out of the house during the day, you can sell those kWh to the grid at peak prices, then buy them back at night when they're cheap and you're home charging the EV.