The credits aren’t. You might find a model that say a particular time are a close comparison but the really is most of the the time you are sacrificing drivetrain power or features even after the EV credit + slightly lower fuel costs. And when you do have vehicles in this category it’s economy vehicles.
I should mention I live in Canada. The credits here are pretty nice. Maybe its worse in the states. It was absolutely comparable price to a comparable ICE car of its class here.
I see a 5k credit. In US prices that’ll mean a drop in performance or luxury. Me driving 5000 miles a year with a 3.90 (1k/yr) fuel cost, I have at best have a chance to save $400 a year.
The credits aren’t. You might find a model that say a particular time are a close comparison but the really is most of the the time you are sacrificing drivetrain power or features even after the EV credit + slightly lower fuel costs. And when you do have vehicles in this category it’s economy vehicles.
I should mention I live in Canada. The credits here are pretty nice. Maybe its worse in the states. It was absolutely comparable price to a comparable ICE car of its class here.
I see a 5k credit. In US prices that’ll mean a drop in performance or luxury. Me driving 5000 miles a year with a 3.90 (1k/yr) fuel cost, I have at best have a chance to save $400 a year.
Federal gives you up to $7,500 off, some states give $5,000+ cash rebate. If I were to buy my bolt again it would cost me $12,000 total.
Thats literally the cheapest car you can buy in the US that I know of.