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Waiting for Tax Credit to come back?
- Thread starter hlin07
- Start date
MXLRplus
Active Member
It didn't require luck. I did indeed have luck with both Tesla and CCS charging networks.
I estimate a good portion of the 'CCS haters' sell Essential Oils for a living...
ElectricIAC
Good-Natured Rascal
I’m all for more charging options. And we are trending that way regardless.
It didn't require luck. I did indeed have luck with both Tesla and CCS charging networks.
I estimate a good portion of the 'CCS haters' sell Essential Oils for a living...
I was referring to the op, I got no idea what you are talking about....
ElectricIAC
Good-Natured Rascal
It’s not my only reason for waiting. I’m really just waiting as long as possible.
ElectricIAC
Good-Natured Rascal
I suppose. Who knows, maybe they’ll further devalue our cars again and do another price drop for Chanukah.
Be happy to.
I live in McAllen - way down at the bottom, across the river from Reynosa, Mexico. At the top right is Houston (the name is blotted out, but you can see Pearland, a southern suburb. San Antonio is at the top left.
If I want to drive to Houston, there are three DC fast chargers: Kingsville, Victoria and Richmond (a southern suburb of Houston.) If I want to drive to San Antonio, there is one fast charging station at Three Rivers.
All of those are Tesla Superchargers - there are no other companies with DC fast chargers.
If the tax rebate came back, it would have to be unlimited vehicles till such date in the future. If they do the 200k, it would last Tesla 1 year.
theganjaguru
Guru
The tax credit is a double edge sword. If you buy a car with a tax credit the resell value is automatically reduced by the value of the federal tax credit as soon as you drive off the lot. With the 3 having one of the best resale values among any car, adding the tax credit break would hamper resale value. I am hoping for the same stellar resell value that you get with the three for our Y’s.
Besides Ford will need that tax break to sell the Mach E due to the fact that Tesla is a decade ahead of everyone else.
Besides Ford will need that tax break to sell the Mach E due to the fact that Tesla is a decade ahead of everyone else.
I don't think the tax credit would increase EV sales at this point. So I am against it unless it can be proven to accelerate the change to electric transportation.
The only manufacturer that would benefit from Fed Tax credit "coming back" is Tesla. The credit incentive is not "expired". It is only exhausted for Tesla at 400k. So why would law maker bring it back or increase quota when only one company has achieved the max sales quota. there will be so much scrutiny from other auto makers.
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ElectricIAC
Good-Natured Rascal
Tesla is already the largest automaker on planet earth multiple times over by market cap. Not sure how any politician would be able to sell another US Federal tax credit specifically helping Tesla. Tesla literally proves that the EV tax credit program worked as intended and they no longer need it.
Conceivably you could see something additional on a temporary basis for all automakers due to the pandemic, but it would be on top of what's already there so don't expect it to be huge. Maybe another cash for clunkers or something along those lines, but I wouldn't get your hopes up.
Conceivably you could see something additional on a temporary basis for all automakers due to the pandemic, but it would be on top of what's already there so don't expect it to be huge. Maybe another cash for clunkers or something along those lines, but I wouldn't get your hopes up.
That's a great idea but I don't think Tesla or Elon are into playing games like this. They look in the long term of things. Smart though.....
saltsman
Member
Same with us. In the meantime, we're holding out for a RWD version and a little more time will bring improved quality.
Not sure why some here are so passionate about disagreeing with you. We're more than happy to give it a little more time. It's a bet that cost nothing to place and has a pretty good upside if it hits. It's least worth waiting until we see how the election goes.
It would also benefit GM as they also passed 200K qualifying vehicles sold in the US and went thru all phases of the phaseout, like Tesla but a bit later.
See Federal Tax Credits for Electric and Plug-in Hybrid Cars.
For the OP, I wouldn't hold your breath for it count on it. Even if it were somehow to go thru via Biden + a blue wave, our govt is pretty slow I suspect it might take awhile to go into effect. And, our country has MUCH bigger fish to fry right now w/~20 million people who are still out of work since the pandemic began. They really need help first.
I highly doubt other brands would help as means of skirting the system. Polestar and Volvo are still under the Volvo/Geely arm. Plug In Electric Vehicle Credit IRC 30 and IRC 30D | Internal Revenue Service talks about manufacturers.
It sure didn't help GM with Chevy + Cadillac with their EVs and PHEVs. They hit the limit and phaseout to $0 awhile ago. They can't just start selling a whole bunch of GMC, Cadillac and Buick (for exmaple) EVs/PHEV to get the full $7500 Federal tax credit on those or rebrand the Chevy Bolt as one of those...
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