Featured Federal electric tax credit not extended this year.

Tesla used the credit well, as intended... building a base of customers for a new automaker.

GM squandered their credits, using them for conquest sales rather than intended... changing established customers for a legacy automaker.

Credits shouldn't be extended anyway. A better use would be helping build infrastructure instead... upgrades at home.

 

How many more does Toyota have left?

 

around 85-90,000 according to evadoption.com

 

That's until triggering phaseout, which then means switching to a time constraint but with UNLIMITED quantity.

 

the credit “extension “ also has a credit sunset of 2024, which isn’t much of an extension if the credit just abruptly ends there regardless of sales

Legislation to raise sales cap for federal tax credit | Page 3 | PriusChat

 

I actually like it more than the original. There is still a limit per manufacturer, however, it also has a time limit so someone sitting on the sideline for too long doesn't get an unfair advantage.

 

agreed, and low income folks who buy a used low cost EV would get a $2500 tax credit (which they still probably can’t use but it’s something)

the trouble is 45 of the 50 US states still sell in the hundreds (a dozen states are lucky to break 2 digit sales)
and are likely several decades away from 1%

if our intent is in increasing acceptance we need different policy for each area.

Benchmarks are likely needed and states who go the wrong direction should loose highway funding for bad decisions.

(No sense cramming cars into areas that already buy plenty anyway or taxing the $&@“ out of them in areas without any meaningful adoption)

Aka: I don’t think a credit alone will help adoption in areas with a lot of barriers to plug in (let alone Bev) adoption

 

Certain people have danced around what that really means. They are those who refer to sales as "EV Market" rather than acknowledge the consumers who legacy dealerships actually serve. Reality has since crashed down on them... as confirmed by their silence.

It was interesting to watch them turn a blind-eye to what the quantity of 200,000 really represented. That's less than 10% of Toyota's production for just a single year in just the United States. Spread over an entire decade (from 2009 to 2019), those truly in support of reaching mainstream buyers in any "meaningful" way, they knew volume & profit must be achieved prior to triggering phaseout.

The antagonists upset to see Toyota doing exactly that declare "laggard" to make their misunderstanding of market not sting as as much. It's a vindication for those who pushed for genuine change, not just praise for technical achievement or short-term gain. This is why any next-step to subsidize adoption should be focused on infrastructure instead.

Again, new money as an incentive to choose a plug-in vehicle should now be used toward upgrades at home. Where you park overnight should get those funds. That is a permanent investment which will deliver benefit for decades to come, well beyond just the purchase of single vehicle.

 

how much will it qualify for? i'm starting to get an itch

 

My guess is the rav 4 phev will get the full $7500. No one knows battery size for sure but its likely the max or close for tax credit.

 

thanks, that would be great

 

The Canadian Toyota media release originally stated a 17+ kwh battery capacity. They have since deleted that info on their website but not before a certain eagle eyed PChat member found it.

 

I sometimes screenshot or archive sites, was rather conducive to a no they didn’t conversation

 

Turns out, that's exactly what happened...

30% rebate (up to $1,000) on costs associated with the installation of an EV charging station

 

Yes, retroactively funded again

US extends tax credits for EV chargers, motorcycles, fuel cells, again retroactively - Electrek

kinda sad that a law on the books that guarantees the various incentives through 200,000 units fails to get funded except retroactively every other year.

funny they have a choice whether to honor their own agreement

 

Trump's Christmas Gift to Big Oil: Killing Hopes of Electric Car Tax Credit Extension - EcoWatch

Now they (well he)
have taken it one step further to stamp out a bipartisan agreement

 

just the beginning of the stamping