this post was submitted on 28 Nov 2023
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Huh? There are a ton of small EVs that are much cheaper than that. The Nissan Leaf, for example.
Nissan leaf, Chevy bolt (which won't be sold next year) and...??? Everything else is at least 35k starting.
The Bolt has an odd marketing approach behind it. While it may be true that the Bolt will technically be discontinued, there will be its direct successor (built on the Ultium platform)
Also, as a practical matter, you can cut $7500 off the price of any new EV in the US because of the tax incentive.
There is a very real reason why certain classes of cars are EV and not others- you have to be able to charge at home/work to have a good experience. That normally means having a garage, often in a single family house. Apartment dwellers need not apply. Unfortunately, these are also the ones that buy compact cars, meaning there isn't much of a market. The suburbanites that are eligible to charge at home mostly buy SUVs and more expensive sedans.
As I understand it, the $7.5k isn't any EV, but EVs that were assembled/built primarily in the US. Many weren't compliant with that legislation. Not out of spite or anything, but because manufacturing wasn't quite ready to comply. That led to a number of vehicles sitting ineligible for the 7.5k break. As well as consumer confusion over which ones could be discounted. Overall, a transitional growing pain for a crappy industry that relies on monthly sales.
You are correct, and the exact definition/requirement has changed a few times. But many (most?) EVs for sale in the US are eligible. The vehicles themselves are assembled in the US, the big sticking point was the battery. It's something that gets buried in the details rather than advertised at the top. I can confirm the Chevy Bolt is advertised at ~$35k, but in the details you can see that it's eligible for the rebate, effectively bringing it down to ~$27.5k.
A detail to confirm when shopping, but one that is common.