EV Leasing

[MorTech]

For those considering an EV...Leasing is getting much cheaper.

https://www.youtube.com/watch?v=Zjuj1xB_Ze8

With tax credit bundling.

No wonder Hertz got rid of EVs. How did they not see this coming? They probably thought "virtuous PR signaling " would increase profits.

[Toymeister]

The EV tax credit was changed to limit the 7,500 credit to vehicles made in the US. Oddly, a 6,500 credit for most EVs exists if you lease any EV, not just domestics.

This has lead to the lease loophole for most EVs where you lease then immediately buy out the lease. You won't get all the 6,500 but most of it.

The tax credit and lease loophole also applies to PHEVs, which are Plug in Hybrids. These drive 20 - 50 miles as EVs before switching to hybrid mode and use gasoline.

[MorTech]

Yes. There have been areas in the US where you can lease a Nissan Leaf for $20 per month using loopholes.

Hertz had a $175 charge (pun intended) for returning an EV with a low battery. What corporate genius thought that was a good idea?

[spd2918]

EV cars- the idea so good they have to use paypayers to fund them.

[dtennent]

Last month, I traveled to Colorado to visit my son. When I arrived, the car rental company had assigned me an electric car. When I told them that I was going to a rural location and would not be able to charge the car, they gave me a pickup truck. Imagine my surprise when we got to the apartment we rented to find they had charging set up in the garage!

[Bay Kid]

EV cars- the idea so good they have to use paypayers to fund them.

The only way to push their agenda for buying something that most people don't want.

[biker1]

I don’t believe the tax credit is a good idea but this is the world we live in. I wonder just how many people would buy EVs anyway. In other words, how many incremental sales are the tax credits driving? The Government has been providing financial incentives for as long as I can remember. The biggest direct one is probably deductible mortgage interest.


EV cars- the idea so good they have to use paypayers to fund them.

[ronda]

The only way to push their agenda for buying something that most people don't want.

Well, I know this is a religious argument for a lot of people, but my thoughts...for what they are worth.

1) Many say "people don't want EVs". OK, then don't buy one. No one is forcing you to do so. Also, some don't want an EV at the current price and performance and charging. They will probably want one in the future. Some have an inexplicable hatred for EVs.
2) The government incentives are there to help create more EV Volume. Higher Volume= Lower cost. It's a bit of a chicken and egg problem.
3) Government incentives are not new at all. There come in many forms: Lower tax on Dividends and capital gains to encourage investment, Tax free Muni bonds, Tax deferrals on Annuities, 401Ks, IRA, etc., Dependent deductions on income taxes, "sin" taxes, Uran enterprise zones....the list goes on and on.

IMHO, developing cleaner forms of energy is a good thing. No, not perfect, but a step in the right direction.

[retiredguy123]

Well, I know this is a religious argument for a lot of people, but my thoughts...for what they are worth.

1) Many say "people don't want EVs". OK, then don't buy one. No one is forcing you to do so. Also, some don't want an EV at the current price and performance and charging. They will probably want one in the future. Some have an inexplicable hatred for EVs.
2) The government incentives are there to help create more EV Volume. Higher Volume= Lower cost. It's a bit of a chicken and egg problem.
3) Government incentives are not new at all. There come in many forms: Lower tax on Dividends and capital gains to encourage investment, Tax free Muni bonds, Tax deferrals on Annuities, 401Ks, IRA, etc., Dependent deductions on income taxes, "sin" taxes, Uran enterprise zones....the list goes on and on.

IMHO, developing cleaner forms of energy is a good thing. No, not perfect, but a step in the right direction.
Total hogwash. Not a cleaner form of energy, not a good thing, not a religious argument, and not a step in the right direction. I wouldn't drive an EV if you gave it to me.

[ronda]

I respect your opinion, but would be interested in why you say what you say?
You really wouldn't drive an EV if someone gave it to you for free? Really? Why would that be?
Seems illogical to me.

[retiredguy123]

I respect your opinion, but would be interested in why you say what you say?
You really wouldn't drive an EV if someone gave it to you for free? Really? Why would that be?
Seems illogical to me.
Because all the evidence points to EVs not being a cleaner form of energy. That is a lie. Where is the evidence that EVs are a cleaner form of energy? I am not opposed to EVs, but if they are successful, it should be based on the free market, not mandated by the Government.

[tophcfa]

I respect your opinion, but would be interested in why you say what you say?
You really wouldn't drive an EV if someone gave it to you for free? Really? Why would that be?
Seems illogical to me.

I wouldn’t either, but I’d gladly take the vehicle, sell it, use the proceeds to get an ICE vehicle with the range we need, and pocket the difference.

[JMintzer]

Well, I know this is a religious argument for a lot of people, but my thoughts...for what they are worth.

1) Many say "people don't want EVs". OK, then don't buy one. No one is forcing you to do so.

Someone hasn't been paying attention...

[ronda]

Because all the evidence points to EVs not being a cleaner form of energy. That is a lie. Where is the evidence that EVs are a cleaner form of energy? I am not opposed to EVs, but if they are successful, it should be based on the free market, not mandated by the Government.

You ask where is the evidence? I'm not sure what qualifies as "evidence". I am sure there is contradictory "evidence", but you might want to see what the EPA has to say.

Electric Vehicle Myths | US EPA (https://www.epa.gov/greenvehicles/electric-vehicle-myths)

[Caymus]

You ask where is the evidence? I'm not sure what qualifies as "evidence". I am sure there is contradictory "evidence", but you might want to see what the EPA has to say.

Electric Vehicle Myths | US EPA (https://www.epa.gov/greenvehicles/electric-vehicle-myths)

Do you have an honest link from a neutral source?

[Bay Kid]

I wouldn’t either, but I’d gladly take the vehicle, sell it, use the proceeds to get an ICE vehicle with the range we need, and pocket the difference.

Resale not very good.

[Toymeister]

Several models no longer have any tax credit and sales are doing fine. Including every Toyota, Mazda and Mitsubishi PHEV plug in, every EV and PHEV not made in North America, the Tesla model 3 extended range and others.

[Caymus]

Resale not very good.

They need to develop a cost-effective method to replace batteries.

[mbene]

There are studies out now that ev's have been on the road for a while showing that the batteries will more than likely outlive the vehicles they're installed in. I was watching one show where the owner had almost 300k miles on his Tesla and minimal range degradation. As the technology improves this will only get better.

Most of the articles I've read and videos I've seen regarding people needing battery replacement in their cars are because of damage to the batteries and there are now businesses opening that are specializing in battery repair and rebuilding.

[Spectreron]

Total hogwash. Not a cleaner form of energy, not a good thing, not a religious argument, and not a step in the right direction. I wouldn't drive an EV if you gave it to me.

Glad you have such an open mind!
I've owned many, many cars and the Tesla is the best car and most fun of them all, by far!

[Topspinmo]

Well, I know this is a religious argument for a lot of people, but my thoughts...for what they are worth.

1) Many say "people don't want EVs". OK, then don't buy one. No one is forcing you to do so. Also, some don't want an EV at the current price and performance and charging. They will probably want one in the future. Some have an inexplicable hatred for EVs.
2) The government incentives are there to help create more EV Volume. Higher Volume= Lower cost. It's a bit of a chicken and egg problem.
3) Government incentives are not new at all. There come in many forms: Lower tax on Dividends and capital gains to encourage investment, Tax free Muni bonds, Tax deferrals on Annuities, 401Ks, IRA, etc., Dependent deductions on income taxes, "sin" taxes, Uran enterprise zones....the list goes on and on.

IMHO, developing cleaner forms of energy is a good thing. No, not perfect, but a step in the right direction.

No one forcing you. YET! How about 2035? Never mind most of us will be 6nfeet under by then.

[Topspinmo]

I wish we was still riding horses. That way 99% would have to have skill..