The tax credit in the USA would end December 31st, 2025. Here’s what that means.
TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law goes into effect as written.
In the USA. Not everywhere else.
Ope, right you are. I do American auto news, still figuring out how geography works on Fedia. Let me tweak that, make it more obvious.
Now i can afford one even less. Yay /s
I’m wondering if they’ll finally offer a real base model, with knobs and buttons for climate controls instead of a giant tablet in the dash. If they want to make them affordable they can.
Chevy Bolt was like that and started under $30k. Equinox is like that too. I’m probably in the market this fall and it’s definitely on my list. My only knocks against it are they got rid of Android Auto/Apple CarPlay (although it does have access to some apps from the Google Play store, so maybe not as big of a deal unless you want to de-Google) and the 0-60 time is not as good as the similarly-priced EV6/Ioniq 5. DC fast charging speed is also slower than the latter, but probably acceptable given how rarely I expect to use that.
Yes, because it’s the lack of knobs and buttons making EVs expensive. /s
No, unnecessary tech and luxury features make evs expensive. They’re marketed as luxury cars.
I was wondering if automakers thought the market would be shinking to an untenable point. Perhaps then they would decide to pivot and market them to a larger, lower income market. That would like include said knobs.
Wonder what this will do for the used EV market?
