I suggest you read the following article which estimates GM will phase out the tax credit sooner than Tesla: When Will The $7,500 US Credit Expire For The Tesla Model 3...And Everyone Else?
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Chevrolet has already sold 100,000 Volts, the vast majority in the USA. Plus it's sold some Sparks and ELR in the USA as well.
If it continues at 2k Volts per month and sells 2k Bolts per month (because it doesn't want to/can't make any more), it'd be hitting the 200,000 in 2019Q1, so incentives would be gone by 2020Q3. I don't think 4 years really counts at "years and years".
diamond.g
Active Member
I think the CT6 PHEV would also count, though I don't expect them to sell 2k a month of those...
In inflation adjusted 2016 dollars, the Volt is about $10,000 cheaper than it was in 2011. They first dropped the price in 2013 and increased the battery capacity slightly, as I recall. Did something similar in 2015.
Electrek also notes that the Bolt EV price in Canada is effectively almost $6,000 cheaper than it is in the US presumably because Canada does not have a national EV incentive. This implies they have plenty of room to drop the US price as the federal tax credit runs dry.
stopcrazypp
Well-Known Member
Yeah, people keep forgetting that the Volt counts toward the quota (as does the Spark EV), so GM doesn't really have an advantage in terms of the credit timeline.
Skotty
2014 S P85 | 2023 F-150L
This brings up an interesting question. The tax incentive is perhaps a nice way to stimulate EV development, but what happens when the benefit for early companies dries up and other companies start building EVs? The price at that point has come down, and the incentive presumably is no longer needed, but unless the policy is completely revoked, late comers will end up having a competitive advantage for awhile over the earlier companies who pioneered the technology. This is highly undesirable. Hopefully, that gets addressed somehow.
I had a nice time talking to the lady who brought her Model X 90 to the Huntsville Drive Electric EVent this past weekend. She said hers started at about $100k before she checked off every available option. But, WOW, it was seriously sweet!
Garlan Garner
Banned
Red Sage
The Cybernetic Samurai
It's amazing how many online magazines are rushing forward to make sure I never click links to their sites ever again.
Garlan Garner
Banned
JohnSnowNW
Active Member
Supercharger capability is free, and it would appear Tesla is going to use a pay-as-you-go service with the M3. Meanwhile, GM charges $750 for DCFC capability, and the energy sure isn't free afterwards.
BluestarE3
Active Member
Yep, people forget (or choose to ignore the fact) that sales of the Volt and Spark EV count against GM's 200K total.
(Note to self: Refresh the page and read any new posts before responding... sorry for being redundant.)
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BluestarE3
Active Member
If a site keeps publishing click-bait articles, eventually, discerning readers will stop visiting the site altogether... even if the site may have other articles that are factual and well-written.
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Red Sage
The Cybernetic Samurai
Correct. That's why [SINKING ANCHOR], The Los Angeles Times, The New York Times, TheStreet, The Motley Fool, et al never get my clicks. It is also why other sites, such as EnGadget, rarely get my clicks any more. The fact that there is no balance whatsoever when it comes to Tesla Motors simply gets on my nerves. Worst of all is when a Header or Title line mentions Tesla, but is about something else entirely, and is broken up into multiple part web stories on pages that are filled top to bottom with advertisements, popups, and videos of things I am not interested in at all.
Garlan Garner
Banned
Do you think that the article below is untrue or Tesla bashing or ?
The Chevy Bolt will start at $29,995 after federal tax credit
I trust your judgment. I didn't see Tesla mentioned.
That's great! The Model X actually starts at $74k though, for a 60D before any incentives, and that still includes a pretty impressive list of features. I guess even owners get it wrong.
jeffro01
Active Member
Engadget is a joke with regards to this "area of expertise"... This is the same publication that continued to erroneously tweet that Tesla had disabled key safety features on the Model X when that wasn't the case at all. At some point last year they flipped from being supportive of Tesla to slanderously critical. While I'm not exactly sure "why", I think it's safe to assume it was due to "someone" buying advertising or what have you, in exchange for a change in the way they view Tesla...
Jeff
Jeff
Red Sage
The Cybernetic Samurai
Judging by the title alone, it seems fine. It uses the appropriate qualifying phrase at the end, though another might be considered. I'd rather not click the link at this time.
Merrill
Merrill
I guess what I was saying is that there is no way for the bolt owner to travel on a long trip. So even if it gets 230 miles you will not be able to travel like you can with the Tesla, not sure you can put a price on that.
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