25 Vehicle fleet - Any California incentives?

[Jmedlin]

I own a business in California and my fleet is growing. It’s a home energy type business, currently own a model x.

I’m wondering if there is a major tax incentive to purchase 25 model 3’s? I know there is a ARB rebate, but looking for something more.

I’m interested in maximizing our large building with solar in an effort to provide a nice charging station. With our current fleet of Prius’s, just our fuel expense is reaching $70k per year.

I just find it hard to pencil out the savings because there is a lack of data on longevity of model 3.

 

[AEdennis]

I own a business in California and my fleet is growing. It’s a home energy type business, currently own a model x.

I’m wondering if there is a major tax incentive to purchase 25 model 3’s? I know there is a ARB rebate, but looking for something more.

I’m interested in maximizing our large building with solar in an effort to provide a nice charging station. With our current fleet of Prius’s, just our fuel expense is reaching $70k per year.

I just find it hard to pencil out the savings because there is a lack of data on longevity of model 3.

We have a 2008 Roadster, 2013 Model S, and 2017 Model 3...

Tesla has built cars that have lasted a while for us.

 

[Jmedlin]

We have a 2008 Roadster, 2013 Model S, and 2017 Model 3...

Tesla has built cars that have lasted a while for us.

I agree on that, my X has 55k miles.

I’m mainly interested in incentives to purchase a large fleet of model 3s.

 

[Uncle Don]

I own a business in California and my fleet is growing. It’s a home energy type business, currently own a model x.

I’m wondering if there is a major tax incentive to purchase 25 model 3’s? I know there is a ARB rebate, but looking for something more.

I’m interested in maximizing our large building with solar in an effort to provide a nice charging station. With our current fleet of Prius’s, just our fuel expense is reaching $70k per year.

I just find it hard to pencil out the savings because there is a lack of data on longevity of model 3.

Asking a bunch of people on a car message board is a sure way for you to get the best financial advice for your business. /s

Consult your accountant. That's what you pay him for.

 

[ThomasD]

Do use all the cars all the time? Are a few backup cars? How many would need to be charged at one time? Would you be able to charge several cars at once? Maybe you could start at 5 cars at a time

 

[MightyThings]

The only thing I found only seems applicable to rental/carshare fleets.

Fleet Vehicle Rebates

PGE also offers incentives for fleet charging infrastructure.

PG&E fleet program for electric vehicles

 

[focher]

Check the CARB website too. That’s likely where any incentives from the state are managed. For the vehicles themselves, I suspect there’s no EV specific incentives but there still are fleet ones. I recall the X qualified for some ridiculous “heavier than” federal credit but 3 probably doesn’t.

As already pointed out, the utility is your best bet.

 

[jfinephilly]

Check the CARB website too. That’s likely where any incentives from the state are managed. For the vehicles themselves, I suspect there’s no EV specific incentives but there still are fleet ones. I recall the X qualified for some ridiculous “heavier than” federal credit but 3 probably doesn’t.

As already pointed out, the utility is your best bet.

You are likely referring to the luxury car bonus depreciation rules.

 

[SSedan]

No I am pretty sure the X GVWR made it qualify as a "truck" like a work truck as opposed to a commuter car.

 

[Kevin-rf]

While I'm all for switching to the Model 3, on cost alone with CA electric rates the Prius is tough competition. Both vehicles are are excellent low cost vehicles.

Your large solar install most likely will tip the scales.

Good luck finding additional small business incentives and cost savings.

 

[jfinephilly]

No I am pretty sure the X GVWR made it qualify as a "truck" like a work truck as opposed to a commuter car.

No. Business use determines whether it’s a work truck vs commuter truck. The weight determines the depreciation treatment.

 

[SSedan]

I was not clear, I thought the weight pushed it into a depreciation class that was meant for work trucks

 

[CharleyBC]

I have no idea about fleet incentives, but I applaud you for considering EVs for fleet purposes! And think of the statement it makes to your home energy customers about the company they're doing business with. Now there's an intangible incentive!

 

[jfinephilly]

I was not clear, I thought the weight pushed it into a depreciation class that was meant for work trucks

The weight just dictates part of the depreciation treatment. Any asset purchase should be depreciated.