LeftieBiker
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Delivery Date: 31 May 2013
Location: Upstate New York, US

The Early Demise of the $7500 Credit is BAD News

Sun Nov 05, 2017 10:17 pm

If you are like me you had almost forgotten about the Trump Administration's plan to eliminate the EV tax credit - there is so much major chaos in Washington that it seemed a distant threat. Well, now that its end is spelled out (as vaguely as possible) in the 2018 Budget, it looks like my plan to wait until Spring and then lease a 2018 Leaf is dead. Now I have to look at leasing a Bolt in a region where they are NOT being heavily discounted, or lease a mediocre 2017 Leaf that I would at least find familiar, or, if both are too expensive, abandon leasing another new EV altogether and start shopping for a used Leaf. It's pretty discouraging for me, and I'm sure that I'm not alone. What do you folks make of all this, and how much have your plans changed...?
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

garsh
Posts: 1076
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Delivery Date: 05 Apr 2012
Location: Pittsburgh PA

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 2:58 am

I'm going to purchase a Tesla Model 3 regardless of credit or not. But it's replacing my minivan - I'm planning to keep the Leaf.
2012 Black SV w. G35 wheels, 8 bars, 86,000 miles

LeftieBiker
Posts: 7138
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 4:06 am

The loss of the credit will obviously hit those of us with modest incomes the hardest. I won't be able to lease a Leaf without the $7500 applied up front. As for the Bolt, if GM stops cutting lease costs I'll be in a similar situation with that. Image what Nissan execs must be thinking about now...
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

baustin
Posts: 491
Joined: Tue Feb 24, 2015 1:23 pm
Delivery Date: 09 Mar 2015
Leaf Number: 402162
Location: North Las Vegas, NV

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 4:20 am

I say don't go all Chicken Little until the bills are actually up for debate. What the current Administration is proposing is likely a long way from what the Lawmakers will actually be voting on by the time it gets in front of them. Make your plans, based on what they are proposing, but don't do anything until things are much more definite.
2013 Leaf SV - Cayenne Red - QC Port - LED Headlights

LeftieBiker
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Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 4:35 am

I'll wait as long as safely possible, but try to keep in mind that the EV tax credit is low hanging fruit for chopping. There will be only modest opposition, and even that will only serve to make it more enticing, as it will come from the Liberals the Republicans want to hurt most. Compared with things like mortgage interest deductions and state tax deductions, the EV credit is a relative no-brainer to cut, and fairly politically safe as well.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

SageBrush
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Delivery Date: 13 Feb 2017
Location: Colorado

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 4:49 am

LeftieBiker wrote:I'll wait as long as safely possible, but try to keep in mind that the EV tax credit is low hanging fruit for chopping. There will be only modest opposition, and even that will only serve to make it more enticing, as it will come from the Liberals the Republicans want to hurt most. Compared with things like mortgage interest deductions and state tax deductions, the EV credit is a relative no-brainer to cut, and fairly politically safe as well.

True, but the giveaway to the corporate world is the substance of the proposed tax law. If that fails, the entire bill will fail. So do yourself a favor and stop trying to convince anybody whether the EV tax credit should stay, and focus your efforts on the unfunded, massive corporate giveaway at everybody's expense.
2013 Model 'S' with QC & rear-view camera
Bought off-lease Jan 2017 from N. California with 63.9 Ahr after 22k miles
Car is now enjoying an easy life in Colorado

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LTLFTcomposite
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Location: Boca Raton FL

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 5:21 am

What giveaway?
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue

SageBrush
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Delivery Date: 13 Feb 2017
Location: Colorado

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 5:56 am

LTLFTcomposite wrote:What giveaway?

1.3 Trillion over 10 years. Did that paltry sum escape your attention ?
2013 Model 'S' with QC & rear-view camera
Bought off-lease Jan 2017 from N. California with 63.9 Ahr after 22k miles
Car is now enjoying an easy life in Colorado

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LTLFTcomposite
Posts: 4334
Joined: Fri Apr 23, 2010 6:06 pm
Delivery Date: 10 Dec 2011
Leaf Number: 5926
Location: Boca Raton FL

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 6:45 am

SageBrush wrote:
LTLFTcomposite wrote:What giveaway?

1.3 Trillion over 10 years. Did that paltry sum escape your attention ?

Looks like somebody's been studying zero sum equations.
Try this little experiment some time: Make a water balloon with a latex glove and squeeze one of the fingers. Then go back and think harder about things that *sound* good, like $15 minimum wage and the third highest corporate tax rate in the world.
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue

SageBrush
Posts: 1412
Joined: Sun Mar 06, 2011 2:28 am
Delivery Date: 13 Feb 2017
Location: Colorado

Re: The Early Demise of the $7500 Credit is BAD News

Mon Nov 06, 2017 7:00 am

LTLFTcomposite wrote:
SageBrush wrote:
LTLFTcomposite wrote:What giveaway?

1.3 Trillion over 10 years. Did that paltry sum escape your attention ?

Looks like somebody's been studying zero sum equations.
Try this little experiment some time: Make a water balloon with a latex glove and squeeze one of the fingers. Then go back and think harder about things that *sound* good, like $15 minimum wage and the third highest corporate tax rate in the world.
You live in fantasy land. The tax giveaway is REAL and a fact, from the day it becomes law. The Repub fantasy of GDP growth is just that. You of course are more than welcome to finance it and reap any future rewards. It's easy, really: take any fraction of your paycheck and buy corporate bonds or stock.

Deal ? Just don't take my money to play out your fantasy.
2013 Model 'S' with QC & rear-view camera
Bought off-lease Jan 2017 from N. California with 63.9 Ahr after 22k miles
Car is now enjoying an easy life in Colorado

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