House introduced bill to phase out $7500 federal EV tax credits 👎

[cvollers]

Not going to happen. Slate was designed as an EV from the ground up. Did anyone really believe the current federal incentives would last through the first round of deliveries in 2026-27?

Best case scenario would be to offer incentives on bundling options, e.g. extended range battery , SUV kit, wraps, etc. to help offset the loss of the EV tax credits.

We still don't know what the Slate price is going to be other than the target (with incentives) is less than $20K. Will the price without incentives be $27.5K as a lot of people have assumed? Maybe. I actually think that if the federal incentive goes away, Slate will price it closer to $20K...assuming they can get there given their cost structure. I'm hopeful that they can deliver the SUV version for under $30K wrapped. Time will tell.

 

[E90400K]

The tax incentive went away twice already and was reestablished and reformulated once a new Congress got in. There will be a new congress in two years.

 

[lgerger]

We still don't know what the Slate price is going to be

$19,999 before tax, delivery fee, tags, etc.

 

[Slater]

$19,999 before tax, delivery fee, tags, etc.

I’m betting on $25k with no credit

 

[Ewwgas]

I would be okay with them taking away this tax credit as long as they pass the no tax on overtime bill they were talking about. That would definitely make up for it.

 

[cvollers]

I found the silver lining for when they cancel the $7,500 tax credit.

The credit is based on a majority of the vehicle being sourced in the US. LFP batteries are far less expensive and better overall but mostly come from China and therefore do not qualify. If the tax credit goes away then Slate is free to get there batteries anywhere they want.

If this happens and they can go with the cheaper and better LFP battery the cost may only increase a few thousand $ instead of the full $7,500 making this an even better truck I would be willing to spend some more on. I would probably be willing to spend the full $7,500 if it came with a long range LFP battery even though they are technically cheaper.

I would get some of my money back after 15 years when the battery still has 35 years of life left in it

What is the difference in pounds/kWh between NMC and LFP?

 

[JeffVA]

What is the difference in pounds/kWh between NMC and LFP?

They are heavier but the benefits far outweigh the excess weight. LFP's are the best and most durable EV battery currently made. That's a well accepted fact not just my opinion.

 

[cvollers]

They are heavier but the benefits far outweigh the excess weight. LFP's are the best and most durable EV battery currently made. That's a well accepted fact not just my opinion.

Really only three negatives for LFP: 1) weight, 2) cold weather performance, and 3) charging speed. Actually four if you include where LFP is sourced. Almost all high performance power stations use LFP (LiFePO4).

 

[cvollers]

Really only three negatives for LFP: 1) weight, 2) cold weather performance, and 3) charging speed. Actually four if you include where LFP is sourced. Almost all high performance power stations use LFP (LiFePO4).

If Slate were to switch now from NMC to LFP, they would most likely need to redesign how the battery fits into the vehicle as to achieve the same range, the LFP battery would need to be larger and heavier.

 

[Nofossilfool]

Don't see loss of tax credit as a problem from competiveness or marketability points of view. Just a change in "sea level". All boats floating in the same pond. Probably little (yes, some) affect on sales.

 

[JeffVA]

If Slate were to switch now from NMC to LFP, they would most likely need to redesign how the battery fits into the vehicle as to achieve the same range, the LFP battery would need to be larger and heavier.

Don't forget that LFP'S can last up to 5 times longer, are more environmently friendly, are cheaper to make, chargeable to 100% (even recommended) and are Much safer and don't catch fire like MNC's.

 

[skidoofast]

Don't see loss of tax credit as a problem from competiveness or marketability points of view. Just a change in "sea level". All boats floating in the same pond. Probably little (yes, some) affect on sales.

Agree, and with the Ford Mavrick Price rising if Slate can keep the same projected price I think they will be OK

 

[E90400K]

If I'm Slate and Scout I'd be at the White House negotiating some type of cost restructure to get the cost of EV battery production to mostly compensate for the tax rebate.

If the President really wants to reindustrialize America then he needs to compromise and slowly phase out EV tax credits. Get rid of the Green New Deal shit as part of the deal.

Let's stay hopeful.

 

[cvollers]

If I'm Slate and Scout I'd be at the White House negotiating some type of cost restructure to get the cost of EV battery production to mostly compensate for the tax rebate.

If the President really wants to reindustrialize America then he needs to compromise and slowly phase out EV tax credits. Get rid of the Green New Deal shit as part of the deal.

Let's stay hopeful.

The oil company lobbyists are going to outspend and outnumber any lobbyists the battery companies can bring to the table. Its less about Big Auto and more about Big Oil.

 

[lgerger]

What is the difference in pounds/kWh between NMC and LFP?

A lot of what others say but the other thing to keep in mind, at least with Teslas, is that with LFP you’re supposed to routinely charge to 100%, but not with NMC. With My Model Y Long Range, day to day, I charge to 70%, and higher for trips. Charging to 100% puts stress on the pack and shortens its life. I’m careful about battery life management, and I’ve never charged higher than 95% and that’s in the rare case of beginning a cross country trip (I’ve done two in this car with no issues).