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Only these 10 EVs will qualify for the full federal tax credit in 2024 Chevrolet Bolt EV - $26,500 Chevrolet Equinox EV - $48,995 Ford F-150 Ligh
by NewJazz 3y ago
Only these 10 EVs will qualify for the full federal tax credit in 2024
Chevrolet Bolt EV - $26,500
Chevrolet Equinox EV - $48,995
Ford F-150 Lightning - $49,995
Tesla Model 3 Performance - $50,990
Chevrolet Silverado - $51,895
Tesla Model Y Performance - $52,490
Chrysler Pacifica PHEV - $53,425
Chevrolet Blazer EV - $60,215
Cadillac LYRIQ - $58,590
Tesla Model X - $79,990
https://www.thestreet.com/electric-vehicles/only-these-ten-evs-will-qualify-for-the-full-federal-tax-credit-in-2024 https://www.thestreet.com/electric-vehicles/only-these-ten-e...
- NewJazz 3y agoI guess the Model X somehow got classified as an SUV/light-truck, so they can sell it for much higher and still qualify for the subsidy. But it is questionable how many people who meet the income requirements for the subsidy are going to buy an 80k car in the first place.
- Kirby64 3y agoIf the Mach-E, Lyriq, and Model Y are classified on the 80k limit, the Model X definitely should be.
- NewJazz 3y agoFrankly I don't know why bigger vehicles qualify for the subsidy more easily to begin with. America continues to incentivize bigger vehicles even though they are proven to be more dangerous for pedestrians.
- wil421 3y agoBecause they are trying to incentivize EV adoption not smaller vehicles. The top selling segments are SUVs and trucks. If you want to tackle emissions it makes sense to go after the popular vehicle types.
- NewJazz 3y agothe top selling segments are SUVs Seems like a self fulfilling prophecy.
- Kirby64 3y agoNot just that - top selling or not, you want to remove worse emission vehicles since they contribute a larger amount to emissions. One truck replaced with an electric version is effectively equivalent to 1.5-2 sedans, in terms of emissions per mile.
- NewJazz 3y agoThe Chrysler Pacifica PHEV has a <40 mile electric range. But vehicles like the Mini Cooper SE, all of Hyundai/Kia's EVs, and Tesla's standard range Model 3 and Y are missing out on the subsidy while gas guzzling minivans rake in the dough.
- Kirby64 3y agoWait, what? Why would the Model 3 Performance be eligible for the credit but not the Model 3 Long Range? Do they actually have different batteries? I thought the only difference between them was motor, some software, and the wheels.
- thejazzman 3y agoIf you go by what everyone parrots on the internet, they are the same. But I haven't actually seen anyone specify part numbers of one vs the other. And it's Tesla, so what's true one moment may not be the next. It's possible it own't even remain eligible. I believe it's inclusion here is because Tesla hasn't acknowledge it's exclusion. That could be because they discontinue offering a Performance model -- like they have in Europe with the launch of the Highland revision. Shrug.
- seanmcdirmid 3y agoI would guess they aren't using a Chinese LFP battery in the M3 performance, but they are in the other models?
- Kirby64 3y agoUnless they're heavily retooled (which is possible, I guess), historically they haven't been able to fit a large enough LFP battery into the Model 3 to meet the EPA range of the 'Long Range' version. Also, the Performance version of every car Tesla makes has used an identical battery to the 'AWD' (or, Long Range) battery. You can tell, because the range is slightly reduced due to the additional motor and/or larger tires.
- trog 3y agoI know this is a bit of a chicken and egg thing because there just aren't that many smaller EVs, but it'd be nice to see more tax credits for smaller, cheaper vehicles. Incentivising the hell out of the low end could make travel significantly cheaper for a huge number of people and might mean we can move away from this energy expensive, mutually assured destruction arms race of huger and huger vehicles.