EV vs Gen5 Prius?

it's really a personal decision. what makes sense to me, doesn't to someone in a different situation.
i am considering the model 3 as well, under 30k after tax credits.
the big thing is, do you have a place to charge, what are the longest trips you will use it for, are you prepared to stop and charge when necessary, is the service situation okay for you, and is the range enough in winter.

 

If a BEV meets your needs, why mess with an engine?
Still plenty of cases where the BEV doesn't work though.

 

Let me share some thoughts:

• Tesla reduces prices and offers better deals the last three weeks of each quarter. June 30 was the last day of Q2 so there may be a small price increase and loss of other sweeteners. But even a slightly higher purchase price will be dwarfed by the operational savings.
• Tesla constantly adds features and product improvements through out the manufacturing. Todays Model 3 is better than my March 2019 version. Do not let the 'Osborn' effect from keeping you from a good deal.
• Charging at home, my $0.12/kWh means I'm paying $2.75 to drive 100 miles around town. But a Level 2, AC, home charger will run from $300-$600 assuming you have an available NEMA 14-50 outlet. Adding a NEMA 14-50 or 50 A, 240 VAC line can easily run about $1,000. I combined my NEMA 14-50 with fixing and upgrading from sun stressed 100 A service to 200 A.
• Join a Tesla specific forum like Tesla Owners Online Forum. It is a technical oriented forum run by nice Canadians.
• Two different battery chemistries, LiFePO and NMC, that have different charging characteristics. Mine is NMC and I am quite happy with it.

Regardless, you have excellent choices.

Bob Wilson

 

and the current ones that make it eligible for the tax credit are LifePO?

 

The battery chemistry is not a selectable option when buying. My understanding is the IRS has approved $7,500 for all Model 3 trims.

Bob Wilson

 

mine too, but i read that tesla had to switch batteries to get approved.

 

I did a this-versus-that for a new G5 - base and a zero-option T3 and they were surprisingly close in price.
The base G5 came in at something like 31k with junk fees while the T3 came in at $34k, after TTL and kickbacks.

The OP's info indicates that they have a 7-year-old G4 so either car might serve.
One presumes that either one will serve faithfully and well for that period of time.
The G5 Prime is still not much more than a napkin drawing and it will be significantly more expensive than even a moderately optioned T3 when they are more widely available.

If you're limiting your car options to Prius or Tesla?
Jump Ball.

 

Unless Tesla started sourcing their CATL LFP from an approved place, they had to switch back to the original Li-ion. That was probably to easiest solution.

 

i think most manufacturers are having the same problem as toyota. tesla has made a decision to reduce prices to garner more market share, a great thing for potential customers

 

Personally, I think the price reductions are due to efficiencies of manufacturing shared with new customers. Tesla doesn't need to sell every EV because there are special use cases for others. For example, a work van or urban delivery truck. Tesla does not have to cover every niche and their profits are quite enough to sustain continued growth.

Bob Wilson

 

Knowing Elon, it's all about the price of TSLA. He has been doing this to squeeze as many unit sales in a given quarter to bump the stock price! Many unhappy campers who bought the Model 3s right before the multiple price cuts!

 

My neighbor was so excited with the 2023 Prius Hybrid 3 months ago until he found out he had to pay $5k over MSRP and he also has to wait for availability.

He was so worried about his German car breaking down and he sold it before any expensive major repairs and he needed a car ASAP!

When the 1st Model 3 price cut started, he just jumped in and bought the Model 3 at approx $35 net after the $7500 Federal tax credit.

 

Easy!
Demand.

 

I’m looking forward to finding out what the profit margins were last quarter.
My guess is lower costs are part of it, but that the profit margins will also take a small hit.
The quarterly report is due on the 19th so we won’t have long to wait.

 

Try to buy a Ford Maverick in a configuration you would actually want.

Some folks are still waiting from June 2021 and don’t have a truck

 

He asked me to get a Model 3 too after another round of price reduction but I told him my minimum criteria is to be able to drive to Vegas without having to stop & charge!

 

A couple of months ago, I drove 1,888 miles to Las Vegas for $166.

Bob Wilson

 

The long range Model 3 might do that.
The Ioniq 6 SE RWD has 360 miles of range.