Rachel Wolfe

speaker

900 appearances 20 recordings 1 series first heard Mar 2022 last heard May 2024

Rachel Wolfe’s voice in public audio — every appearance, attributed to the second.

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You have luxury vehicles, which are about $65,000. voice-verified

And then you have the normal overall price for any car, which is about $46,000. voice-verified

So tax credits are great when they're available, but they are not always available. voice-verified

So federal credits of as much as $7,500 are available for only the first 200,000 EVs sold by a given automaker. voice-verified

So Tesla and GM have both exceeded that limit. voice-verified

So if you buy a Tesla or a GM electric vehicle, you will not be eligible to receive a federal tax credit. voice-verified

Other automakers like Toyota, Ford, and Nissan are approaching that $200,000 electric vehicle limit but haven't reached it yet. voice-verified

So depending on when you get an EV from one of those brands, you might be eligible for that $7,500 credit. voice-verified

Hybrids could also be available for a tax credit of up to $7,500, but it's based on the size of the battery. voice-verified

And state and local tax credits might also be available, but those vary. voice-verified

It really depends on where you live. voice-verified

And it's getting easier. voice-verified

But as it stands, they can be hard to rely on. voice-verified

And I think that that's a big consideration for people who are considering making the switch. voice-verified

Gas might be expensive right now, but at least people know that they'll be able to get it. voice-verified

Charging on the go tends to be less reliable. voice-verified

So Biden's infrastructure bill is planning to address this in part. voice-verified

And voice-verified

They're planning to put in a lot more fast charging stations, specifically targeting interstate highways. voice-verified

So it's definitely getting better. voice-verified

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