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Sibling comment points out Chevy Bolt MSRP $25,600. Legislation (Inflation Reduction Act) passed this month allows the full federal EV tax credit on the Bolt a
by sillystuff 4y ago
Sibling comment points out Chevy Bolt MSRP $25,600.
Legislation (Inflation Reduction Act) passed this month allows the full federal EV tax credit on the Bolt again as of Jan 1 2023, so subtract $7,500.
California EV tax credit of an additional $2000 (income under $135K single, $200K joint)
There are additional regional EV credits in certain California metro areas that can further discount the price by hundreds or thousands.
So, price for any low to mid income Californian will be a maximum of $16,100.
And, there is an additional program for low income folks in California that provides grants toward EV purchases (new and used). This program is severely underfunded and (temporarily) closed to new applicants since March 2022.
Purchase price after incentives is roughly at parity with an equivalent ICE vehicle.
Current lack of charging infrastructure for apartment renters who park on the street seems a bigger hurdle, to me.
- nightski 4y agoThat's optimistic. Ford has already increased their prices by $8500. We'll see.