California: SB168 passed for $3500 instant POS rebate! $21,450 for a base Slate ? Anyone know if Slate will participate ?

[OldGoat]

In regards to Slate lowering the price I seriously doubt that will ever happen. If you examine almost any products we buy over the last 10 years you will find scant evidence of price reductions unless....the product has features removed or in food, smaller content sizing. I've watched many a company over the years move production off shore to be "more competitive by stablizing wages" but did the prices drop? Ha! War or no war, the oil weasels now know we will pay higher prices for gas so although they may drop prices for political election windows, expect your price at the pump to remain at current levels long term.

 

[007]

It's basically an advance refund of some of the sales tax. What would the bottom line price of a new $21,450 car in California be with sales tax, fees, assessments, etc, etc, be?

 

[frogboy311]

That would be logical. I suspect Slate would not opt to participate is a $1750 discount unless fleet order?

Off topic: I’ve been driving around SoCal this week on vacation and have been amazed at the LACK of EV’s. In my mind, I thought it would be 25%+. There are more Teslas per capita back home where I live in GA! If all new vehicles in CA must be EV in 4 years, there would need to be a dramatic upgrade of electric grid. But it would take an additional 15 years for all the used ICEV to work themselves out? Today’s gas price in San Diego is about $5.67.

I live in Irvine / Orange county. We play a game saying can you get to the store without seeing at least 5 white tesla. The answer is ALWAYS no. It doesn't even count the other colors and EVs. It depends on where you are in Southern California, but where I live, they're almost an epidemic. My household has 3 EVs. I am the only gas driver (apparently until June of next year)

 

[frogboy311]

I am in CA and would opt for a "CA" tax of $1750 so I could get at least half of the rebate.

 

[SparkYellow]

It's basically an advance refund of some of the sales tax. What would the bottom line price of a new $21,450 car in California be with sales tax, fees, assessments, etc, etc, be?

This might help. If I remember correctly, sales tax is based on the zip code of the address that the car is registered at.

https://my.caredge.com/out-the-door-price?

 

[KevinRS]

The solution is simple: Slate could do a Limited Edition "California Special" that has some cheap graphics, Slatelets, badges and interior logos and charge $1,750 more. That effectively passes most of the cost on to CA buyers, but they still save $1,750 and get something "Special" in return.

I have an idea to do an AI "California Special" Edition but don't have time. Maybe one of you could take a stab at it?

Schemes like this would likely be ruled as illegal. What if I want the normal truck at the normal price? No valid reason the incentive should be tied to a "special edition" model only, so does that open Slate up to a lawsuit if the state even approved that scheme?

 

[KevinRS]

The main way I can see Slate participating is if they can calculate that the CARB credits that they can sell to other companies will more than pay for it. It looks like they might, a search for what the market price is for those credits finds nothing solid, but that it hovers under $5k, because $5k is the penalty for not making enough ZEV or having the credits.

 

[9suffix]

I live in Irvine / Orange county. We play a game saying can you get to the store without seeing at least 5 white tesla. The answer is ALWAYS no. It doesn't even count the other colors and EVs. It depends on where you are in Southern California, but where I live, they're almost an epidemic. My household has 3 EVs. I am the only gas driver (apparently until June of next year)

We also live in Irvine and basically play the same game! 😂

Hell, the police department periodically jokes about the white Teslas on Instagram!

Doesn't help that we live four blocks from the Tesla dealer! 🤦🏼‍♂️

Slate will likely be our first EV.

JP

 

[007]

"Fees" are 11.77% in CA

 

[DinoLord]

Hate to break it to you, but we Californians pay extra on our annual DMV registration for having a ZEV.

Just paid $750 for 1 year registration on my Mach E.

Extra EV and Standard Fees for California:

• Road Improvement Fee (RIF): An extra charge around $100 to $121 annually for zero-emission vehicles (model year 2020 and newer) to replace lost gas tax revenue for road work.
• Transportation Improvement Fee (TIF): A sliding fee based on the vehicle's market value, ranging from $33 to $231, which applies to all vehicle types including EVs.
• Vehicle License Fee (VLF): A property tax fee charged at 0.65% of the vehicle's purchase price or current value.
• Base Registration & CHP Fees: Standard flat state registration costs and California Highway Patrol funding fees that apply to all cars.

Only the first one is EV-specific, no?

 

[E90400K]

I asked SLATE if they will be participating in any California's incentive programs and this was their reply, "
We'll be able to confirm which incentive programs the Slate qualifies for once the vehicle completes production and becomes eligible for each program.

As soon as that information is available, we'll share it on our website so customers can easily see which incentives may apply in their area." So it looks like we'll have to wait and see.

Sounds like a "No".

 

[DinoLord]

I live in Irvine / Orange county. We play a game saying can you get to the store without seeing at least 5 white tesla. The answer is ALWAYS no. It doesn't even count the other colors and EVs. It depends on where you are in Southern California, but where I live, they're almost an epidemic. My household has 3 EVs. I am the only gas driver (apparently until June of next year)

We once played Teslug instead of SlugBug in Houston.

Our arms hurt within an hour. Never played again.

 

[SparkYellow]

"Fees" are 11.77% in CA

Sales tax in my area is 10% 😳 and we need to add destination fee when it is determined.

I remember vaguely that during my short time in sales, one extra sharp customer argued about how the rebates were taken off the total OTD instead of the sales price of the vehicle. I forgot if that was the norm, or if the sales manager pulled a fast one. The difference is the sales tax percentage of the rebate amount. More seasoned industry veterans please chime in.

 

[DinoLord]

Sales tax in my area is 10% 😳 and we need to add destination fee when it is determined.

I remember vaguely that during my short time in sales, one extra sharp customer argued about how the rebates were taken off the total OTD instead of the sales price of the vehicle. I forgot if that was the norm, or if the sales manager pulled a fast one. The difference is the sales tax percentage of the rebate amount. More seasoned industry veterans please chime in.

It's the norm. It is a rebate, not a discount.

 

[SparkYellow]

It's the norm. It is a rebate, not a discount.

@007 we need to use $24,950 as the price to calculate the total, then take $3,500 off.