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

metroshot

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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).
I am not concerned about the short time I will own an EV so I charge to 100% on L2 and L3.

Don't plan on keeping my first gen EV past 3-4 years as new tech are coming out all the time.

2 years with my Mach E and battery degradation has been observed.

Maybe the next gen EV will have batteries that can go 100% and faster than these old NCM battery.

Slate Auto Pickup Truck House introduced bill to phase out $7500 federal EV tax credits 👎 IMG_2452.JPG
 

midbay

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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
Slate already made a commitment to the producer of the NMC batteries, which they would need to get out of. Also, the LFP batteries, while having many advantages, are not as energy dense. The 150 mile range wouldn’t be an issue as they can add more batteries, but there may not be enough space in this little truck to reach the extended 240 mile range.
 

skidoofast

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Just read that the bill that had the EV credit cancelation did not make it through committee so hopefully that's a good sign
 

JeffVA

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Just read that the bill that had the EV credit cancelation did not make it through committee so hopefully that's a good sign
Also read on the Slate FB page that even if it was cancelled as long as you have reserved it prior to it being cancelled you would still be eligible
 

JeffVA

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Should the Government be subsiding EV's to begin with?

Why is Government welfare needed to get people to buy EV's, can't they sell based on their own merits?

Hate to say it but I'm actually against this subsidy. Don't get me wrong, I'm gonna take it if I can get it but this is just more welfare we have to pay for. EV's should be able to sell on their own and if they can't, maybe they need to go away.

I wonder if Musk sees the irony in his DOGE role. If he's fighting to reduce wasteful spending he's going to have commit financial suicide because this is wasteful spending.

EV manufacturers can shave off much of this $7,500 cost but why would they? This way they reap the benefits of this welfare and you pay about the same as you would with a ICE vehicle after the discount.

If the subsidy goes away, Slate (and the other EV makers) will suddenly figure out a way to shave off thousands from the selling price. Watch.

Either way, I'm buying a Slate with or without it.
 

SL8R

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One glimmer of hope from a recent Reuters article:

“The proposal, which is set for a House Ways and Means Committee hearing on Tuesday, would repeal a $7,500 new-vehicle tax credit and a $4,000 used-vehicle credit on Dec. 31, although it would maintain the new-vehicle credit for an additional year for automakers that have not yet sold 200,000 EVs.”

Since I am new to the Forum and this is my first post to it.

What’s the best way to run this by someone in the Slate front office, as to where this proposal might intersect with our potential ordering timeframe?
 

skidoofast

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Should the Government be subsiding EV's to begin with?

Why is Government welfare needed to get people to buy EV's, can't they sell based on their own merits?

Hate to say it but I'm actually against this subsidy. Don't get me wrong, I'm gonna take it if I can get it but this is just more welfare we have to pay for. EV's should be able to sell on their own and if they can't, maybe they need to go away.

I wonder if Musk sees the irony in his DOGE role. If he's fighting to reduce wasteful spending he's going to have commit financial suicide because this is wasteful spending.

EV manufacturers can shave off much of this $7,500 cost but why would they? This way they reap the benefits of this welfare and you pay about the same as you would with a ICE vehicle after the discount.

If the subsidy goes away, Slate (and the other EV makers) will suddenly figure out a way to shave off thousands from the selling price. Watch.

Either way, I'm buying a Slate with or without it.
I agree, I'm all in on this truck, and I use to think the $7,500 for an EV incentive was dumb but now that I'm jumping down the EV rabbit hole, if gas is so heavily subsidized then why shouldn't EV get a break?
 

cadblu

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Regarding EV incentives....

At one of the plants where I work, I once submitted a capital expenditure project for installing "free" EV chargers in the company parking lot. I thought this would get easily approved...since it promotes clean energy and is aligned with corporate green energy initiatives. The staff was highly divided on the project. While the EV owners loved the idea, the project got voted down by the "ICE" people.

I was advised the only way the project would be approved is if I also installed a couple of 87 and 93-octane gasoline pumps on site. :(
 
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Slater

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Also read on the Slate FB page that even if it was cancelled as long as you have reserved it prior to it being cancelled you would still be eligible
That’s incorrect information…I hope it wasn’t Slate that misinformed readers of the post.
 

Slater

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Should the Government be subsiding EV's to begin with?

Why is Government welfare needed to get people to buy EV's, can't they sell based on their own merits?

Hate to say it but I'm actually against this subsidy. Don't get me wrong, I'm gonna take it if I can get it but this is just more welfare we have to pay for. EV's should be able to sell on their own and if they can't, maybe they need to go away.

I wonder if Musk sees the irony in his DOGE role. If he's fighting to reduce wasteful spending he's going to have commit financial suicide because this is wasteful spending.

EV manufacturers can shave off much of this $7,500 cost but why would they? This way they reap the benefits of this welfare and you pay about the same as you would with a ICE vehicle after the discount.

If the subsidy goes away, Slate (and the other EV makers) will suddenly figure out a way to shave off thousands from the selling price. Watch.

Either way, I'm buying a Slate with or without it.
I agree that government should not be subsidizing EV purchases, but I do believe they should subsidize EV charging stations as part of an infrastructure package.
 

JeffVA

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Regarding EV incentives....

At one of the plants where I work, I once submitted a capital expenditure project for installing "free" EV chargers in the company parking lot. I thought this would get easily approved...since it promotes clean energy and is aligned with corporate green energy initiatives. The staff was highly divided on the project. While the EV owners loved the idea, the project got voted down by the "ICE" people.

I was advised the only way the project would be approved is if I also installed a couple of 87 and 93-octane gasoline pumps on site. :(
I retired from a nuclear power plant and the only charger on site was reserved for the site VP. He had it installed in his parking spot for his company paid for Range Rover EV. Prick.
 

SL8R

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Slater

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1BadAZRaptor

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Hope it gets voted down.

Especially here in So Cal where gas prices are going up over the $6/gallon mark.

One reason I got the Ford Lightning and Mach E was for the tax credits......
AND Valero is closing down a California refinery within a couple years
 
 
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