The End Of United States EV Tax Credits and the Future of EVs

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  • Опубликовано: 1 дек 2024

Комментарии • 67

  • @wickedmessenger1
    @wickedmessenger1 3 дня назад +1

    I love your videos. You're the best. When I bought my VW ID.4 early this year, I didn't learn much from my salesperson (I think it was the first EV she sold). I learned from your videos. Now I'm an expert and give advice to new VW owners on the ID.4 Owners Facebook page. But it all started with you. I've also been very surprised to experience the most hate I have ever received for anything in my life simply by owning an EV. You might be quite insulated from this living in CO, but in a deep red state like mine, everyone is conditioned by incessant Right Wing propaganda that they should absolutely despise EVs as unpatriotic. Their lord and savior, DJT, has made it his mission to "Drill baby drill" and it seems that everybody and his brother makes it their mission to tell me just what a Libtard I am for falling for the EV nonsense. I hear the exact same Fox News talking points from everybody, even the lady who cuts my hair. I was even surprised to get an outpouring of hatred from solar power enthusiasts when I posted a video of my solar EV charging station. They liked the solar, they hated that I was using it to charge something as vile as an EV. This is a more recent thing, but so far I have driven over a thousand miles on pure solar energy. No grid involved. I believe, like you stated, that given a chance to an open minded person, EVs would be found a superior mode of transportation to most people--NOT everyone, but most. However, what you might not be considering is how strong the anti-EV sentiment is in Red states. Identity politics has made tens of millions of people vote against their own interests, that's how strong it is.

    • @electricprincipal543
      @electricprincipal543  3 дня назад

      Thank you so much for your comments. Keep spreading the joy of driving your EV. It is pure pleasure. I still have fond memories of my first EV, a Chevy Bolt. Driving that car was a life changer and most of the critics have never driven one. It is unfortunate that EVs have become political. I have a good friend who is a conservative and loves his Audi E-Tron. He should...it is a great car!

  • @clayton4115
    @clayton4115 10 дней назад +3

    I've been enjoying driving my Ev over the last 5 years, thanks !

  • @leftyduffer
    @leftyduffer 9 дней назад +7

    Tesla is 100% off my list.

    • @brokeboy87
      @brokeboy87 9 дней назад +4

      Does it have to do with Elon Musk?

    • @JohnCap523
      @JohnCap523 9 дней назад +5

      Me too, both the Musk factor and inferior products. It’s not 2015, or even 2019 anymore.

  • @chemicallyfreenolye5462
    @chemicallyfreenolye5462 9 дней назад +4

    I agree, I only purchased a 23 Tesla M3 because of the tax incentive now I will never go back to a gas vehicle , am now about to purchase my second prior to 1/20/25 of course not sure if I want to lease this time, I do love a new car every few yrs so leasing looks good.

  • @ryansherman4556
    @ryansherman4556 10 дней назад +5

    infrastructure is growing at a pretty good pace. IONNA, PILOT/FLYING J, and TESLA have been dropping stations in the ground like mad. But there are others out there that are adding to the infrastructure also.

    • @chsmithins
      @chsmithins 8 дней назад +1

      Ionna sounds really interesting. I really wish them great success! It’s led by a consortium of EV manufacturers and is just now getting off the ground starting on the east coast.

    • @HiFiTown
      @HiFiTown 7 дней назад +1

      @@ryansherman4556 James May was just saying on a podcast that most of the EV Long range stations don't have a place to get food - - that must be the UK because here in the USA - - it seems that the big gas stations with EV chargers - - also have plenty of food and snacks and things to do. Seems like that is a lot less of an issueconsidering standard range EV's especially since just getting out of the car and getting something at the gas station takes 20 minutes these days?

  • @badtoro
    @badtoro 9 дней назад +3

    1st. If the 7,500 credit is the reason you’re “able” to afford a EV, then you really can’t afford it. 2nd. The EV tax credits are impacting depreciation in a big bad way. So you’re not really saving money with the credit. 3rd. Once people get over range anxiety and the chargers keep expanding, then the adoption will explode

    • @HiFiTown
      @HiFiTown 7 дней назад

      @@badtoro Good points on depreciation. dealers are also just inflating the price to compensate so that they can get higher prices on the car. Particularly speaking of the used side of the credit which is a max of $4000. What's your advice if someone can only afford a used EV with the tax credit? Don't buy one? I figure a Tesla at this point isn't much worse to maintain than any other expensive used ICE vehicle? I know some say insurance.. but the difference between a EV and likewise ICE seems to be also marginal (80-120/mo for ICE vs max of 200 /mo for Tesla)

    • @HiFiTown
      @HiFiTown 7 дней назад

      @@badtoro another thing to ponder is that, as the new administration comes in and they eliminate these tax credits this will provide Tesla more of a monopoly on EV - thereby allowing them to raise prices and reverse depreciation? this is because US manufacturers want to focus on ICE and they're going to be handed EPA restriction cuts in favor of letting Tesla have the EV market? This is somewhat widely predicted?

  • @greyangelpilot
    @greyangelpilot 10 дней назад +4

    "I don't like making predictions, especially about the future" ~
    Mark Twain

    • @electricprincipal543
      @electricprincipal543  10 дней назад +4

      "If you don't think about the future, you cannot have one." ~ John Galsworthy ·

  • @mkgearhead5151
    @mkgearhead5151 10 дней назад +5

    Greetings, neighbor! I'm out here in Fort Morgan, CO. My wife and I bought our 2024 Kona EV's earlier this year and couldn't be happier. She bought hers first and I got jealous and traded in my Hyundai Santa Cruz 3 weeks later. With the $7500 Hyundai discount and the $5350 state tax credit, we paid less than the ICE equivalents. We survived for the first 5 months with just the level 1 chargers that came with the cars. I installed a level 2 charger in September. We're taking our second road trip the week after Thanksgiving to Kansas. It'll be nice to get a real-world experience of how winter driving affects range. There seems to be plenty of charging stations along I-70, so I'm not too concerned.

  • @samk5310
    @samk5310 9 дней назад +2

    As someone who in month 2 of a 2 year lease on an Ioniq 6 I'm already thinking it maybe be better just to but the car when the lease is up

  • @easydoesit2905
    @easydoesit2905 10 дней назад +2

    Im glad you have a good time making these videos because I am enjoying your content! I am waiting for the 2025 Ioniq 5 even if I miss the tax credit. Any word from corporate on the delivery of the 2025?

    • @jayb0nd007
      @jayb0nd007 10 дней назад

      Have you seen the Ioniq 9 is beautiful

  • @flolou8496
    @flolou8496 10 дней назад +2

    Do you happen to have any inside knowledge on the differences between 2023 IONIQ 5's that were purchased VS leased for 2 years? For example what if 90% of
    2023 IONIQ 5's were actually ''leased'' and not actually purchased, this could mean a lot more inventory would be coming back on the market in the next 90 days, resulting in lower prices
    for the 2nd owner's:

  • @jamesr.9239
    @jamesr.9239 9 дней назад +2

    If it weren't for the $7500 tax credit I wouldn't be driving a 2024 model Y nor would my brother be driving a Chevy Bolt. The credit was the main reason to pull the trigger on a $48,000 Tesla that became a little more affordable to me. It goes without saying that Orange Julius Caesar will do the dumbest , most illogical thing possible so the credits will be gone until we get another democrat in the White House. I can understand a reluctance to enhance Musk's bottom line but I got my car before he became trump's besty and became a permanent fixture at Mara Lardo. Vote with your feet , it's a tried and true way to say what's on your mind.

  • @jeffreyelledge9303
    @jeffreyelledge9303 10 дней назад +4

    Thanks Bob. I bought an EV today and there was no tax credit. I agree that EVs are here to stay. Battery technology is rapidly advancing. This is similar to the issue of solar power, where improvements in technology resulted in solar becoming a cost competitive generation technology.

  • @ziploc2000
    @ziploc2000 9 дней назад +1

    The way batteries have plunged in cost over the last decade, EVs should already be cheaper than similar sized ICE counterparts. I think manufacturers are keeping prices artificially high.

    • @electricprincipal543
      @electricprincipal543  9 дней назад

      I think manufacturers of slash cost of EV’s so much in the past year, that many of them are probably losing money on EV’s. Are you talking about the battery manufacturers?

    • @ziploc2000
      @ziploc2000 8 дней назад +2

      @@electricprincipal543 We've seen the graphs of how battery costs have dropped over the past decade, and seen predictions that battery costs will fall another 50% in the next two years.
      We're also told that the battery makes up to 40% of the cost of the vehicle.
      So if today 40% of the cost is going to halve, the car price should also drop by 20% in two years.
      Have we seen that decline in EV prices in the past as battery costs declined? I didn't think we had, but I haven't been studying new EV sales prices that much.
      But when a new EV costs less than the same model with an ICE engine, EVs will sell themselves, and we won't need complicated tax rebates and other incentives.

  • @barryw9473
    @barryw9473 10 дней назад +4

    Thanks, Bob. Have a great day. I agree now is the time to buy. Replace that old gas guzzler with an EV and be so much better off for it.

    • @DreDresChapters
      @DreDresChapters 10 дней назад

      Came for the title & didn’t watch the video. I’ll be buying an EV just for this title ❤️

  • @JohnZolla-bp7tl
    @JohnZolla-bp7tl 10 дней назад +1

    I've leased an Ioniq 5 for the next three years. A lot can happen politically in three years.

  • @hernandez-perezandroid5983
    @hernandez-perezandroid5983 8 дней назад

    EVs in general will definitely drop prices at a minimum $7,500 even at my location new unsold 2023/2024 Hyundai and Kia EV models are dropping prices up to $20,000 on their Ionic 5 and EV6

  • @jonitan76
    @jonitan76 10 дней назад

    just watched some one in US bought BYD Shark in mexico and drive it to US. he said he paid 14K and monthly around 1k usd (for 72 months). if u afraid to buy an EV, this BYD shark is kinda between EV (short range around town less than 60 miles pure ev range) plus the benefit of ICE car (with built in generator to charge the battery. combine range will have more than 600 miles)

  • @Ottonic6
    @Ottonic6 10 дней назад +1

    Convenient if you're a home owner. For now anyway.

  • @selewachm
    @selewachm 9 дней назад +1

    I was going to buy a Modely Y after we test-drove it a couple of months ago but after seeing him for full nazi (Never go full nazi! lol - Tropic Thunder ref), I'm getting an F150 Lightning.

  • @ZeusBullyMax
    @ZeusBullyMax 9 дней назад

    All of the OEM’s that are producing BEV’s or hybrids are not gonna let the tax credit go away without a significant amount of time for them to prepare. They’re already in talks with the Trump administration about it. The EV tax credit is not going away right at the first of the year through executive order.

    • @electricprincipal543
      @electricprincipal543  9 дней назад

      I hope you’re right. Trump is going to want some wins, and if the Republican Party sticks together, they have the votes to amend the inflation reduction act.

  • @jayb0nd007
    @jayb0nd007 10 дней назад +4

    So if you own a house you can have an EV if not keep driving that Civic 😅

    • @electricprincipal543
      @electricprincipal543  9 дней назад +1

      No doubt, having your own home charger makes EV living much easier.

  • @leftyduffer
    @leftyduffer 9 дней назад +2

    Costing me $7500, not happy.

  • @TurfSurf
    @TurfSurf 8 дней назад

    I am sure all the ritewhingers who complaining about the economy and the price of eggs will flock to the Tesla shop to pick up their cyber truck now😂😂😂😂😂

  • @KipSwope
    @KipSwope 9 дней назад

    Wonder why there so many sitting on the lots . gas will be under 2.00 soon .

    • @chsmithins
      @chsmithins 8 дней назад

      Why do you think that? World crude prices are not US based and historically have little correlation to who is in the White House.

    • @electricprincipal543
      @electricprincipal543  8 дней назад

      There are a lot of cars sitting on the lot that aren’t electric. I went to two Hyundai dealerships in different parts of the country the past two days and I sure see a ton of brand new Santa Fe Suvs. They get great reviews sitting on lots. The Santa Fe is a fantastic car and should be going out the door quickly and they are not.

  • @gmitchell8672
    @gmitchell8672 10 дней назад +3

    Has anyone not bought a Ford or Chevy or Dodge because of the CEO's political or social position? Has any one not bought a iPhone or Android for the same reasons ? NO ! Any one that does not buy a product for any other reason other than quality features and price is not the brightest individual period. The auto companies are gonna have to start getting off the butts and compete. If these start up and foreign car companies can do it the big three better figure it out and have the guts to make those changes. Leasing an auto is the worst financial decision for the individual but a big money make for the auto makers. Why do you think they push leasing.

    • @JohnZolla-bp7tl
      @JohnZolla-bp7tl 10 дней назад +1

      I'll buy any EV. Well, not any EV. Elon can kiss my Democratic ass. 😁

    • @electricprincipal543
      @electricprincipal543  10 дней назад +3

      Thanks for watching the channel. Most of those foreign car companies are subsidized by their governments. China does an excellent job of it.

    • @Badgerpat83
      @Badgerpat83 9 дней назад +2

      I don't know about cars...but it's played hell on Tennis shoe and beer companies🤣

    • @electricprincipal543
      @electricprincipal543  9 дней назад +3

      Also, I don’t know the political views of anybody else’s car company.

    • @JohnCap523
      @JohnCap523 9 дней назад

      I don’t buy from fascists. I wouldn’t drive a Tesla for free, aside from the Musk factor, their mainstream 3 and Y are overpriced and very inferior to any Korean or American EV.
      If your point is no one doesn’t buy because of Musk, buwahahahaha… only the board is stupid enough to buy that, mostly because they’re mostly in his pocket.

  • @randallfabian6640
    @randallfabian6640 10 дней назад

    Thank God. The damn things have no benefits whatsoever.

    • @MrKevinLeis
      @MrKevinLeis 9 дней назад +2

      Hate all you want but ev’s are here to stay. And they provide drivers the satisfaction of knowing that we are trying to protect our environment

    • @ziploc2000
      @ziploc2000 9 дней назад +4

      Apart from convenience, refinement, cleaner, and cheaper to run.

    • @randallfabian6640
      @randallfabian6640 9 дней назад

      @@ziploc2000 All false

    • @selewachm
      @selewachm 9 дней назад +2

      Test drive one.

    • @randallfabian6640
      @randallfabian6640 9 дней назад

      @@selewachm Been in them. The fact remains they are far more destructive to the environment.

  • @HiFiTown
    @HiFiTown 9 дней назад +1

    I am heavily pondering this exact scenario -- to buy now or wait. Given the end of the (specifically used) tax credit is highly likely, its effect on EV prices I'm not so sure about. Every time I go to find a good deal on a used EV which might benefit from the $4,000 tax credit, the dealer has usurped the credit! None of them are passing the credit onto you. In other words, everything is inflated $4,000 in price almost automatically. The bad dealers even include it in the advertised price!
    Because of this, I don't think the credits are working or helping in any way. And if they go away, the dealers will be forced to lower their prices. Does that make any sense?