EV/Plug-in/Other vehicles
- Thread starter irvinehomeowner
- Start date
NEW -> Contingent Buyer Assistance Program
Fixed.
Yeah. 240 is level 2.
The $7,500 is a tax credit not a rebate.
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Fixed.
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There are some income limitations on the CA rebate program...see below...
Standard CVRP Rebate
Annual household income must be at or below the income caps listed below.
$150,000 for single filers
$204,000 for head-of-household filers
$300,000 for joint filers
Incomes that exceed the above levels are eligible for fuel cell electric vehicle (FCEV) rebates only.
No Idea. We move in next week so I?ll check.
So if we are under that threshold we should be able to get this price of 12k + TTL. We pay plenty of taxes so tax credit works similarly.
Can anyone comment on the lifespan and maintenance costs of an EV vehicle? Seriously thinking more about this as one of our leases ends soon. Wondering if I should lease one since it seems like EV technology is improving and may improve a lot in 3 years.
I'm not an electrician. But as I understand it, 240v outlet can have different amp rating, and your (plug in) car also has restrictions on what amp rating it can accept. When recharging 60 kWh battery on 240v outlet, it can take 8-16 hours depending on the amp rating. Someone more knowledgeable can probably speak on this topic.
I highly recommend leasing, especially if you are considering a BMWi3 where the residual value works highly in your favor.
The 7500 fed credit and California 2500 rebate are the same whether you buy or lease (lease has to be longer than 30 months)
Therefore the math heavily favors leasing because the combined 10k credit/rebate is twice as big of a portion in a lease where you are paying for approx 50% of the car value.
BMW will claim the 7500 fed tax credit thus lowering the cost of the lease.
My current i3 lease is 30 months with Crevier BMW in Santa Ana.
cost is 4k drive off and $225/month (taxes included)
I did get 2500 California rebate thus reducing the true driveoff cost to 1500 (took almost 3 months to get the rebate check)
25k mileage limit.
I didn't even bother installing a charger because this is strictly my commuting car. BMW gave me a free wall charger that plugs into a regular outlet. It's enough to get it fully charged by morning.
Plugs and receptacles are specific to their amp rating. If the house is built per code (caution: easy hack), and if the plug fits the receptacle, then all is good. A 50 amp plug will not fit a 40 amp receptacle. But there's no single standard size for 240V plugs, or for Level 2 chargers. My Level 2 charger uses a NEMA L6-50 plug, which is sized for a 50 amp circuit. Not all chargers have 50 amp plugs. And some are hard-wired, with not plugs at all.
Amp ratings are simply the maximum current allowed by electrical code through the circuit. The breaker, the wire and the plug/receptacle are all made to support that amount of draw. The actual draw is determined by the appliance, thus it will have a plug to match its demand.
You can adapt down in amperage, but you cannot adapt up. You can also swap down receptacles and breakers, but you cannot swap up, due to the wire size limit.
Very interesting, are you an electrical engineer?
CVRP website still shows $80M left in funding. Where are you getting your info?
Like anything worth doing, you'll have to work with willing dealers and such and put in the legwork.
My last EV was a chevy spark EV, a stopgap between my first EV and the model 3. my monthly payment net of rebates/credits was $66.67/mo. for a 36/12k lease term, absolutely zero down. This was a similar deal to the e-golfs when dealers were willing to essentially knock off 5 figures from the msrp, so yes this deal can be done.
woodburyowner
Well-known member
aquabliss said:
Fixed.
irvinehomeowner
Well-known member
jamesKirk said:
Yeah. 240 is level 2.
usctrojancpa
Well-known member
woodburyowner said:
The $7,500 is a tax credit not a rebate.
[/quote]
Fixed.
[/quote]
There are some income limitations on the CA rebate program...see below...
Standard CVRP Rebate
Annual household income must be at or below the income caps listed below.
$150,000 for single filers
$204,000 for head-of-household filers
$300,000 for joint filers
Incomes that exceed the above levels are eligible for fuel cell electric vehicle (FCEV) rebates only.
usctrojancpa
Well-known member
Btw, how much many KWH will you use to charge an EV car per year?
momopi said:
No Idea. We move in next week so I?ll check.
So if we are under that threshold we should be able to get this price of 12k + TTL. We pay plenty of taxes so tax credit works similarly.
Can anyone comment on the lifespan and maintenance costs of an EV vehicle? Seriously thinking more about this as one of our leases ends soon. Wondering if I should lease one since it seems like EV technology is improving and may improve a lot in 3 years.
irvinehomeowner
Well-known member
@jamesK:
If you can get a good lease that does a pass-through of the Fed tax credit, you should consider it.
If you can get a good lease that does a pass-through of the Fed tax credit, you should consider it.
momopi
Well-known member
jamesKirk said:
I'm not an electrician. But as I understand it, 240v outlet can have different amp rating, and your (plug in) car also has restrictions on what amp rating it can accept. When recharging 60 kWh battery on 240v outlet, it can take 8-16 hours depending on the amp rating. Someone more knowledgeable can probably speak on this topic.
jamesKirk said:
I highly recommend leasing, especially if you are considering a BMWi3 where the residual value works highly in your favor.
The 7500 fed credit and California 2500 rebate are the same whether you buy or lease (lease has to be longer than 30 months)
Therefore the math heavily favors leasing because the combined 10k credit/rebate is twice as big of a portion in a lease where you are paying for approx 50% of the car value.
BMW will claim the 7500 fed tax credit thus lowering the cost of the lease.
My current i3 lease is 30 months with Crevier BMW in Santa Ana.
cost is 4k drive off and $225/month (taxes included)
I did get 2500 California rebate thus reducing the true driveoff cost to 1500 (took almost 3 months to get the rebate check)
25k mileage limit.
I didn't even bother installing a charger because this is strictly my commuting car. BMW gave me a free wall charger that plugs into a regular outlet. It's enough to get it fully charged by morning.
momopi said:
Plugs and receptacles are specific to their amp rating. If the house is built per code (caution: easy hack), and if the plug fits the receptacle, then all is good. A 50 amp plug will not fit a 40 amp receptacle. But there's no single standard size for 240V plugs, or for Level 2 chargers. My Level 2 charger uses a NEMA L6-50 plug, which is sized for a 50 amp circuit. Not all chargers have 50 amp plugs. And some are hard-wired, with not plugs at all.
Amp ratings are simply the maximum current allowed by electrical code through the circuit. The breaker, the wire and the plug/receptacle are all made to support that amount of draw. The actual draw is determined by the appliance, thus it will have a plug to match its demand.
You can adapt down in amperage, but you cannot adapt up. You can also swap down receptacles and breakers, but you cannot swap up, due to the wire size limit.
usctrojancpa
Well-known member
daedalus said:
Very interesting, are you an electrical engineer?
woodburyowner
Well-known member
Cares said:
CVRP website still shows $80M left in funding. Where are you getting your info?
id_rather_be_racing
Active member
Those funds are probably earmarked for the low income applicants and FCV applicants.
recently, this has happened almost every year. Funds run out, waitlist begins, funds are replenished, waitlist applicants are made whole, applications are opened up again. Granted there are WAY more EV buyers than before, so can't say how long future funds will last, but i've done this 3x now, waitlisted every time, and each time i got paid, albeit months later.
Generally speaking, you shouldn't buy an EV right now as the technology is still improving significantly every year, which doesn't help depreciation. The only exceptions to this are Teslas, as I've seen them hold their values fairly well compared to the rest of the EV offerings out there. I've personally owned/leased 3 pure EVs and one plugin, so I'm familiar with living with an EV. I can tell you with certainty that the Model 3 I currently own and rent outclasses every EV and ICE car in its price range and segment when it comes to daily drivability.
As for the e-golf deal, yes people are getting insane leases, see this link for a comprehensive list of discounts available" https://slickdeals.net/f/13163326-2...-125-mile-epa-range-final-price-10-000-13-500
I'm on the hunt for one too, but your luck is highly YMMV.
recently, this has happened almost every year. Funds run out, waitlist begins, funds are replenished, waitlist applicants are made whole, applications are opened up again. Granted there are WAY more EV buyers than before, so can't say how long future funds will last, but i've done this 3x now, waitlisted every time, and each time i got paid, albeit months later.
woodburyowner said:
Generally speaking, you shouldn't buy an EV right now as the technology is still improving significantly every year, which doesn't help depreciation. The only exceptions to this are Teslas, as I've seen them hold their values fairly well compared to the rest of the EV offerings out there. I've personally owned/leased 3 pure EVs and one plugin, so I'm familiar with living with an EV. I can tell you with certainty that the Model 3 I currently own and rent outclasses every EV and ICE car in its price range and segment when it comes to daily drivability.
As for the e-golf deal, yes people are getting insane leases, see this link for a comprehensive list of discounts available" https://slickdeals.net/f/13163326-2...-125-mile-epa-range-final-price-10-000-13-500
I'm on the hunt for one too, but your luck is highly YMMV.
id_rather_be_racing
Active member
jamesKirk said:
Like anything worth doing, you'll have to work with willing dealers and such and put in the legwork.
My last EV was a chevy spark EV, a stopgap between my first EV and the model 3. my monthly payment net of rebates/credits was $66.67/mo. for a 36/12k lease term, absolutely zero down. This was a similar deal to the e-golfs when dealers were willing to essentially knock off 5 figures from the msrp, so yes this deal can be done.
woodburyowner
Well-known member
No, that's a different bucket. I think Cares is misinterpreting what is mentioned on the CVRP website. Funds were just replenished a month or two ago and the waitlist has been cleared up now. So now all applicants get the rebate without being on a waitlist.
id_rather_be_racing said: