That is under warranty, mostly reimbursed by the manufacturers. I bought a used mini SE. While I still have the battery coverage for another 3-5 years, if I have to pay a repair bill over $10k, I will most likely junk it and get another car.
Doesn’t matter if the customer pays or the manufacturer pays… it’s service revenue to the dealership.
If there’s a repair or service that is needed to keep a car on the road, the service center wins. Especially if that type of work requires a ton of training to the extent an independent shop can’t handle. Oil changes can be done by many. EV service cannot.
Let’s be honest… if a car can’t sell without 7.5k fee money from the government, something is way off. He’ll… even with the incentive the EVs are sitting at lots for months or years.
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Might be good that the credit is gone, the current credit simply distorts the market. If I don’t qualify for the credit, buying an EV means losing 7.5k immediately since someone qualifying for the credit can afford to sell the car for 7.5k less. Manufacturers also price their vehicles accordingly marking up MSRP on EVs by the credit amount.
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It is more about people that can’t pay 40k for an EV funding others that can.
It simply isn’t fair to lower income consumers.
It won’t take months. They have already set a deadline of July 4 or before when the next debt limit ceiling issue hits.
EV tax credit will not survive the Senate, nor will most of the green energy tax credits.
More like funding the EV manufacturers. No way an EV would be priced at 20k more than an equivalent ICE if there’s no fed credit.
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The $7.5k tax ev credit gone is fine. The $250 yearly Fed tax ev road use is bs. That’s just a punishment for owning ev while distorting the market to ICE.
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Agreed, California already charges additional registration fee for EVs. It’s like as though the electricity cost is free and don’t already contain other taxes…
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Agreed.
I already pay 200+ extra in NC in my registration due to EV bs.
That paired with the inflated property tax (due to inflated MSRP) is something to be considered.
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Let’s make old-school hacking great again! Anyone can hack something with $7,500 lol
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If I had to bet, yes I would say it will pass by July 4. But there are concerns. See Hawley’s position on Medicaid. Oklahoma is similar. Will the House stomach the bill if it gets 10% more expensive after stripping out some of the Medicaid cuts.
Based on the House version I got one more hack with the tax credit coming in Q4. Wife wants to replace XC90 with EX90. Q4 could be wild in terms of EV sales.
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It was also a good bit easier when the cost of capital was nearly free…and certain lessors were willing to subsidize mf & RV’s more than they are now.
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https://thehill.com/homenews/senate/5315185-trump-big-beautiful-bill-senate-gop/
A good read about why the bill will change before it passes the senate.
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It’s going to change no matter what’s as the Senate will always flex its muscle during reconciliation, local pork BS for their states and there are issues to be sure. As far as EVs and the Green issues - it is all dead.
I wouldn’t wait until December to lease the last brown Leaf on the lot with the mismatched wheels, cracked windshield and strange smell that won’t go away.
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It’s all relative. Meaning lease hacking is simply playing the game to always pay less than 95% of other buyers. As long as the current dealership structure continues the deck will be stacked in our favor as educated lessees.
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Wait until you find out that the New Jersey Turnpike doesn’t accept credit cards as a form of payment…
50% on June 1 for the EU.
Did anyone actually think despite the “calming” statements by manufacturers that the consumer wasn’t going to eat any and all tariffs?
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So…
I’m illiterate, someone spoonfeed me and tell me what car to get next.
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