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PostPosted: Fri Mar 07, 2014 10:19 am 
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http://www.metrotaxict.com/pressroom/20 ... .html#more

"The White House is proposing cutting taxes on liquified natural gas to spur the use of the fuel by alternative vehicles, while again calling for hiking the maximum tax break for electric vehicles and other advanced vehicles to $10,000, over the current $7,500."

Does not apply to Luxury cars over $45k (i.e., Tesla S and Cadillac)

Who knows if this will make its way through congress or not.

However, it's nice to dream... 2015 Leaf with 150 mile EPA range, $10k tax credit, sigh

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PostPosted: Fri Mar 07, 2014 11:09 am 
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No chance of passage in the current congress...

charge wrote:
"... while again calling for hiking the maximum tax break for electric vehicles and other advanced vehicles to $10,000, over the current $7,500."

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PostPosted: Fri Mar 07, 2014 11:56 am 
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TomT wrote:
No chance of passage in the current congress...

charge wrote:
"... while again calling for hiking the maximum tax break for electric vehicles and other advanced vehicles to $10,000, over the current $7,500."


Yeah, the house majority is firmly against cutting taxes.... :x Um, wait... :? :lol:

Tax cuts are pro-capitalism. Unless they're for ecological goals then they're pro-socialism.

Politics is so confusing these days.

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PostPosted: Fri Mar 07, 2014 12:30 pm 
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charge wrote:
Does not apply to Luxury cars over $45k (i.e., Tesla S and Cadillac)

Or RAV4-EV. Although it would set a price point for new models. I could see the RAV MSRP adjusted to $44,999 within a week.
Model E would also be encouraged to come in just under.

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PostPosted: Fri Mar 07, 2014 12:48 pm 
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smkettner wrote:
charge wrote:
Does not apply to Luxury cars over $45k (i.e., Tesla S and Cadillac)

Or RAV4-EV. Although it would set a price point for new models. I could see the RAV MSRP adjusted to $44,999 within a week.
Model E would also be encouraged to come in just under.


Or some versions of the BMW i3. The base BEV version would qualify, but only leave room for less than $3k of options. The REx version wouldn't qualify.

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PostPosted: Fri Mar 07, 2014 2:41 pm 
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Interesting. Whether the rebate gets upped to $10k or not, I hope some of the other changes also mentioned will get implemented without too much of a fuss. eg:

Quote:
The Treasury proposal would also allow the dealer to offer a point-of-sale rebate to buyers rather than requiring taxpayers to file for the tax credit on their income taxes. The White House also wants to lift the 200,000 vehicle cap per manufacturer after which the credit phases out over a year. Instead, the White House would begin to phase out the credit starting in 2019 for all manufacturers.


The POS rebate would be extremely convenient and, IMO, would not cause as big a fluctuation in seasonal sales (high towards the end of the year, low at the start of a new year). Lifting the 200k cap is also a big deal IMO.


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PostPosted: Fri Mar 07, 2014 2:44 pm 
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I imagine that would also prompt MB to come in a little under $45k for their new B class. But I figured BMW's i3 pricing was probably going to prompt that anyway.

This could make most nice options on a i3, B or RAV4 extremely pricey. An option that moved the price to just over $45k would cost an extra $2.5k. LOL - I can see people asking the dealer to remove the mud flaps to get under the level and then retrofit them back on.

Perhaps it would make more sense to have a $10k tax incentive which declines dollar for dollar on purchases over $45k. Thus a $46k nicely equipped i3 would get a $9k tax break and a $50k base RAV4 would still get a $5k tax break. An EV would have to be $55k+ for no tax break.


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PostPosted: Fri Mar 07, 2014 2:54 pm 
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A POS rebate would also make these much more attractive to those who don't pay enough income tax to realize the benefit of the tax credit. That represents a huge market. A Smart ED at $25k with $10k Federal and $2.5k California rebates would be a $12.5k car - less than any other new cars out there. And when you factor the lower operating cost, this approach could really boost ED adoption.


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PostPosted: Fri Mar 07, 2014 3:22 pm 
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This would be bad news for existing owners as their cars will lose $2,500 in value overnight.

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PostPosted: Fri Mar 07, 2014 4:12 pm 
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charge wrote:
http://www.metrotaxict.com/pressroom/2014/03/white-house-boost-ev-alternative-vehicle-tax-credits-to-10000.html#more

"The White House is proposing cutting taxes on liquified natural gas to spur the use of the fuel by alternative vehicles, while again calling for hiking the maximum tax break for electric vehicles and other advanced vehicles to $10,000, over the current $7,500."

Does not apply to Luxury cars over $45k (i.e., Tesla S and Cadillac)

Who knows if this will make its way through congress or not.

However, it's nice to dream... 2015 Leaf with 150 mile EPA range, $10k tax credit, sigh

Just the yearly pandering to the base, in full knowledge that it isn't going to happen.

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