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Old 01-04-2019, 06:47 PM   #31 (permalink)
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I'm hoping I didn't really mess up by missing the sweet spot to purchase an EV. A new Leaf or Bolt sounds almost compelling now that Oregon has a credit. Total out of pocket could be somewhere around $20k, which is still way more than I'd like to spend on a vehicle, but then I'd save a lot of time and money on maintenance and "fuel".
Too rich for me; fortunately a new Acimoto FUV will be $11,900 — about half that. I'm looking forward to being not dependent on ongoing maintenance.

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Old 01-07-2019, 10:38 AM   #32 (permalink)
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plummeting new car sales will shrink used car inventory (shrink supply).

What is this plummet you speak of?


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Then there was foreign demand for used EVs that might still be going on.

The province of Quebec introduced a rebate for used EV purchases a couple(?) of years ago, and the result meant a significant amount of importing of used EV's from other areas, possibly including the States.


Didn't Oregon recently institute a similar used EV incentive? That would drive prices up as well.
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Old 01-07-2019, 01:50 PM   #33 (permalink)
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Originally Posted by MetroMPG View Post
What is this plummet you speak of?

Didn't Oregon recently institute a similar used EV incentive? That would drive prices up as well.
Speculation of softening sales for Tesla and GM in the US as the federal credit phases out. Nissan is close behind.

Tesla has a few more levers it can pull to keep sales up through 2019 such opening up lease options, releasing different trim levels, and possible price reductions. Tesla already reduced the Model 3 price by $3k in response to the credit getting cut in half.

The Chevy Bolt will practically disappear once the credit phases out.

Yes, Oregon has a used EV credit of up to $5,000 ($2,500 + $2,500). The trick is having enough tax liability while still falling into a modest income bracket to qualify for the other $2,500. I'm not even sure if it's possible to double-dip. Quick math says a single person would need to make about $65,000 to have enough tax liability, but that might be too much to qualify for the modest income incentive.
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Old 01-07-2019, 02:17 PM   #34 (permalink)
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Ontario completely cancelled its very generous EV incentive ... new purchases only ... this year. I wonder how it affected sales. Will research.
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Old 01-07-2019, 02:17 PM   #35 (permalink)
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https://insideevs.com/get-ready-for-...500-ev-rebate/

Quote:
ZERO-EMISSION AND ELECTRIC VEHICLE REBATES
(Rebate Program; Provisions Operative January 1, 2018)
SECTION 149.

(3) The purchaser or lessee of a qualifying vehicle may apply for a rebate for a portion of the purchase price or may choose to assign the rebate to a vehicle dealer or lessor.

(6) Rebates for qualifying vehicles shall be set annually by the department as follows: (a) For light-duty zero-emission vehicles and plug-in hybrid electric vehicles with an electrochemical energy storage capacity of 10 kilowatt hours or more, up to $2,500 but not less than $1,500. (b) For light-duty zero-emission vehicles or plug-in hybrid electric vehicles with an electrochemical energy storage capacity of less than 10 kilowatt hours, up to $1,500 but not less than $750.

(7) To be eligible for a rebate, a person requesting a rebate under the program shall:

(a) Purchase or lease a qualifying vehicle. A lease must have a minimum term of 24 months.

(b) Provide proof of an intent to use the qualifying vehicle primarily on the public highways of this state, which may be satisfied by providing proof of registration of the qualifying vehicle in Oregon.

(c) Submit an application for a rebate to the administrator of the program within six months after the date of purchase of the qualifying vehicle or six months after the date the lease of the qualifying vehicle begins
This says nothing about paying State taxes.

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Oregon has become a lot more EV friendly, as the Oregon House approved a $5.3 billion, 10-year transportation funding package (HB 2017), that includes plug-in vehicle incentives.
....
Oregon intends to spend $12 million every year, over the next six years for the rebates.
This is a important point for me, as I don't file tax returns. And I must liquidate assets to get an EV.

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If the driver qualifies as a low-to-moderate income earner, and will also scrap an older car at the same time (20+ years old), another $2,500 is added to the incentive from the “Charge Ahead” fund (for a total of up to $5,000). This rebates will be available also for used cars.
This is contingent on taking a 1999 or earlier car off the road. The Dasher is now worth $2500.
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Old 01-07-2019, 02:26 PM   #36 (permalink)
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We're in a tough spot for EVs because with subsidy, they become quite attractive, but without, sales have been shown to plummet. Georgia (US state) comes to mind.

EVs aren't cheap enough on their own yet to drive volume sales. I mean, the Model 3 isn't even down to $35k yet, which isn't cheap either. It seems to me the price needs to drop about $10k across the board for EVs to really begin stealing ICE sales. No telling how much room there is for cost reduction, and battery cost is probably the #1 factor.

Manufacturers aren't finding the profit margins they want to see on EVs and PHEVs. The Volt is getting axed despite being a little more than 2 years into the new design. What a shame.
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Old 01-07-2019, 02:32 PM   #37 (permalink)
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Ah, so an old car has to come off the road too...

My parents have a 1998 Camry with 300,000 miles on it, with various leaks and issues. Maybe this is a good way to get rid of it.

So now as I understand it, one rebate only applies to new vehicle purchases, and the other can be used for both?
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Old 01-10-2019, 05:17 PM   #38 (permalink)
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End of Ontario rebate = sales collapse

Quote:
Originally Posted by redpoint5 View Post
with subsidy, they become quite attractive, but without, sales have been shown to plummet. Georgia (US state) comes to mind.
You can add Ontario to the list:

Quote:
Nissan Leaf sales collapse in Ontario after incentive axed

According to Nissan Canada, it sold 695 electric vehicles in Ontario in August. By November, those sales dropped to 10. That’s not a typo.
https://driving.ca/nissan/leaf/auto-...incentive-axed

Pretty dramatic.

But that may not be a 100% representative stat, because the cancellation of the rebate was announced several months in advance, which probably pushed a bunch of fence-sitters into making purchases before the rebate went away, inflating the "before" figure.

The owner of the Prius Prime I got to drive for a week took the plunge for that very reason.
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Old 01-10-2019, 06:25 PM   #39 (permalink)
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Wisconsin EV sales plummeted to single digits after the EV tax passed the budget

So it’s not just credits that can affect sales, demerits can also

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