5 ms·

I can’t afford any of them. I miss sub $20,000 cars that were quality no matter the drive system.

floxy 3y ago
Chevy Bolt "starts at" $26,500, which puts it under $20k with the $7,500 tax credit. https://www.chevrolet.com/electric/bolt-ev https://www.chevrolet.com/electric/bolt-ev
- teraflop 3y ago
  Yes, but unfortunately it's been discontinued. There will eventually be a "new" Bolt to replace it, but it will be built on a completely different platform, and there's no word on whether it will hit the same price point.
  - rickyc091 3y ago
    They were originally going to discontinue the Bolt and create a new line, but they decided to keep the line. https://www.msn.com/en-us/money/companies/why-gm-is-reviving-the-bolt-the-best-selling-ev-it-almost-discontinued/ar-AA1iLOot https://www.msn.com/en-us/money/companies/why-gm-is-reviving...
  - floxy 3y ago
    My local dealer still has at least one 2023 Bolt on the lot. And I see there are a few used car lots in my area with low-milage Bolts available as well for under the $20k price tag.
- thegrim33 3y ago
  Doesn't a tax credit just mean you don't have to pay tax on that amount? If you're at, say, a ~20% tax bracket, then it discounts the price by $7,500 * .20, or $1,500 total, bringing the price for a Chevy Bolt to $25,000. Of course there's then taxes and nonsense fees added on top, and the figure you quoted is the base model with no options, so realistically, even after the tax credit, you're looking at above $30,000 for it.
  - Rebelgecko 3y ago
    No, that's how tax deductions work. With a credit you just get the amount (there's still some nuances based off tax liability, but the updated law for those is going into effect soon)
  - thrill 3y ago
    No, the $7500 means if you would have owed that much in federal taxes then that much is taken off the amount you would have owed.
  - floxy 3y ago
    No, it is a straight tax rebate. If you paid over $7,500 in US Federal taxes, then you get to deduct $7,500 off the taxes owed (not your income). But you don't get to carry forward any if say you only paid $6,000 in taxes (but your tax bill for that year would be $0). Also, my state currently has a much reduced sales tax rate for electric vehicles. Source: I did this when I bought an EV.
bryanlarsen 3y ago
Citroën just announced a ~$20,000 electric car, the ë-C3. https://www.media.stellantis.com/em-en/citroen/press/citroen-reveals-the-all-new-e-c3-the-first-european-affordable-electric-car https://www.media.stellantis.com/em-en/citroen/press/citroen... Highly unlikely to come to the US, of course.

Chevy Bolt "starts at" $26,500, which puts it under $20k with the $7,500 tax credit. https://www.chevrolet.com/electric/bolt-ev https://www.chevrolet.com/electric/bolt-ev

teraflop 3y ago
Yes, but unfortunately it's been discontinued. There will eventually be a "new" Bolt to replace it, but it will be built on a completely different platform, and there's no word on whether it will hit the same price point.
- rickyc091 3y ago
  They were originally going to discontinue the Bolt and create a new line, but they decided to keep the line. https://www.msn.com/en-us/money/companies/why-gm-is-reviving-the-bolt-the-best-selling-ev-it-almost-discontinued/ar-AA1iLOot https://www.msn.com/en-us/money/companies/why-gm-is-reviving...
- floxy 3y ago
  My local dealer still has at least one 2023 Bolt on the lot. And I see there are a few used car lots in my area with low-milage Bolts available as well for under the $20k price tag.
thegrim33 3y ago
Doesn't a tax credit just mean you don't have to pay tax on that amount? If you're at, say, a ~20% tax bracket, then it discounts the price by $7,500 * .20, or $1,500 total, bringing the price for a Chevy Bolt to $25,000. Of course there's then taxes and nonsense fees added on top, and the figure you quoted is the base model with no options, so realistically, even after the tax credit, you're looking at above $30,000 for it.
- Rebelgecko 3y ago
  No, that's how tax deductions work. With a credit you just get the amount (there's still some nuances based off tax liability, but the updated law for those is going into effect soon)
- thrill 3y ago
  No, the $7500 means if you would have owed that much in federal taxes then that much is taken off the amount you would have owed.
- floxy 3y ago
  No, it is a straight tax rebate. If you paid over $7,500 in US Federal taxes, then you get to deduct $7,500 off the taxes owed (not your income). But you don't get to carry forward any if say you only paid $6,000 in taxes (but your tax bill for that year would be $0). Also, my state currently has a much reduced sales tax rate for electric vehicles. Source: I did this when I bought an EV.

bryanlarsen 3y ago

Citroën just announced a ~$20,000 electric car, the ë-C3. https://www.media.stellantis.com/em-en/citroen/press/citroen-reveals-the-all-new-e-c3-the-first-european-affordable-electric-car https://www.media.stellantis.com/em-en/citroen/press/citroen... Highly unlikely to come to the US, of course.