A federal $7500 tax credit on Tesla Model 3 will drop to $3750 for cars received by customers on January 1, 2019 or later. That's because Tesla has already achieved the 200,000 sales point, which triggers the reduction. The tax break will continue to get smaller until it finally phases out entirely in 2020.
Most people who buy Teslas are wealthy, but the loss of the hefty subsidy could hit harder in Montgomery County. The extreme tax burden the Montgomery County Council has placed on residents continues to send the wealthiest in the county for the exits, and they've been leaving in droves to Loudoun, Fairfax, Frederick and even Howard counties. Tax revenue has dropped as a result, and the County's once-touted "Rodeo Drive" in Chevy Chase is now a boarded-up wasteland of vacant shops and smashed-out bus shelters.
With the Council already talking about yet another tax hike, expect more "rich flight" to greener, saner pastures. And for those with just a decently-high salary that ends up providing Weimar Republic-level purchasing power in overpriced MoCo, who can just squeak out a Tesla purchase, the loss of the Tesla tax break could force them to scale back to a Chevrolet Spark.
20 comments:
"With the Council already talking about yet another tax hike, expect more "rich flight" to greener, saner pastures. And for those with just a decently-high salary that ends up providing Weimar Republic-level purchasing power in overpriced MoCo, who can just squeak out a Tesla purchase, the loss of the Tesla tax break could force them to scale back to a Chevrolet Spark."
What an idiotic comment, especially the last part.
There is no tax break unique to Tesla - it applies to all electric vehicles, including the Chevy Volt. The tax credit relates to the size of the battery, not to the brand - the tax credit for both the Tesla and the Volt is $7.500.
And the tax credit is being ended by the Trump administration, not the "MoCo Cartel".
7:17: More lies. The tax credit was a George W(arcrimes). Bush-era program, and as I reported, was set to phase out after 200,000 units were sold. Trump had nothing to do with this, nor with the Montgomery County's budget-busting spending and record high taxes. Those are, indeed, fully the fault of the MoCo Cartel.
Who said it only applied to Tesla?
You are a pathological liar, and it's great entertainment to witness you pushed to the point that all of your arguments are fictional.
Next time you see someone driving a Tesla, remind them that they're towing a coal plant behind them. It's not wind or solar powering these things....
Everyone can see for themselves, here:
https://www.fueleconomy.gov/feg/taxevb.shtml
For the Models 3, X, and 3LongRange the 2019 credit is:
Jan-June 2019 = $3,750
July-Dec 2019 = $1,875
Per IRS:
The credit begins to phase out for a manufacturer’s vehicles when at least 200,000 qualifying vehicles have been sold for use in the United States (determined on a cumulative basis for sales after December 31, 2009). For additional information see IRS Notice 2009-89.
Your first 2 paragraphs were good.
Then you went off into left-field...pity.
It’s funny you mention how the rich are leaving Montgomery County for the greener pastures of Virginia. Just the other day I saw a brand new Tesla Sedan towing a big U-Haul Trailer stuffed with furniture, with a rocking chair strapped to the roof and a “Virginia or Bust” bumper sticker on the back. It appeared to be traveling in “ludicrous” mode, just like your post.
So you believe that Montgomery County is responsible for the planned rollback of the Federal electric car rebate program? Time to adjust your tin foil hat my friend...
Nothing you clowns are saying makes sense - Dyer never said Montgomery County was responsible for the federal tax credit, and nothing in that chart contradicts anything Dyer wrote.
Yup, our Rodeo Drive is a ghost town.
Elrich says he will electrify our police force. So maybe he'll make a big Model S order?
The tax credit is income-limited. I know because we only got about a $4,000 credit when we bought our Chevy Volt, due to income. So the $7,500 credit isn't that high for people at higher incomes.
Not if you charge at home and ensure your energy only comes from renewable sources (wind/water/solar). A few companies do this, including: cleanchoiceenergy.com. As easy as using pepco, and then you aren’t towing a coal plant behind you!
What's really funny about 7:59 AM's comment is that he acknowledges the existence of solar and wind power, but claims that the electricity generated from them can't possibly find their way to the batteries in electric cars.
#That'sFuckingRetarded
Yep...4 closed businesses out of several dozen in Friendship Heights = "Ghost Town"
By that definition, Rockville Town Center would be "Necropolis".
Speaking of 5th Avenue, Lord & Taylor is closing their flagship store there, at the end of this year.
Of course this is the fault of the MoCo Cartel.
1:13 PM: "As easy as using Pepco" you say...
https://www.pepco.com/MyAccount/MyBillUsage/Documents/Pepco%20MD%20Fuel%20Mix%20Insert_10.18_ADAcomp.pdf
ENERGY SOURCE (FUEL MIX)
July 1, 2017 THROUGH June 30, 2018
Coal 30.8%
Natural Gas 28.6%
Nuclear 35.4%
Oil 0.2%
Unspecified Fossil 0.0%
Renewable Energy
Captured Methane Gas 0.3%
Geothermal 0.0%
Hydroelectric 1.1%
Solar 0.2%
Solid Waste 0.5%
Wind 2.6%
Wood or other Biomass 0.2%
Unspecified Renewable 0.0%
Renewable energy sources subtotal: 5.0%
Like I said, if you own a Tesla, you're towing a coal plant behind you.... but I could also say a Nuclear Plant as well if that makes you feel better.
1:14 PM: "What's really funny about 7:59 AM's comment is that he acknowledges the existence of solar and wind power, but claims that the electricity generated from them can't possibly find their way to the batteries in electric cars."
Compared to the amount of electricity from Coal and Nuclear that reaches those batteries, it doesn't in any appreciable amount. Solar accounts for .2% of Pepco's Energy Source (aka "Fuel Mix"). Wind accounts for 2.6%. It's a joke amount for Pepco. A PR stunt.
Feel free to admit you're both wrong on this at any time....
Please visit cleanchoiceenergy.com. I am not implying that pepco is clean, far from it. I am suggesting that you have a choice of where your energy comes from. I drive a Tesla and I make sure the energy that comes to my house is clean. I pay a utility bill which is as easy as paying pepco, but it is guaranteed to come from renewable sources. Now the super chargers are a different story, but luckily I don’t have to use them as much.
Sorry, 5:28 PM - the facts are not on your side.
Even if an electric car runs on electricity that is 100% originated from coal-fired plants, driving one generates only half the emissions of a gasoline-powered car.
https://cleantechnica.com/2018/02/19/electric-car-well-to-wheel-emissions-myth/
Is "Suburban News Network" finally out of our misery?
9:14, The idea that the rich are fleeing because the tax credit will drop $3,750 is what makes no sense.
The "chart" clarified the credit, never claimed it contradicted anything. As I said, his 1st 2 paragraphs were good.
Then he went off into left-field with the BS cartel crap.
BTW, Rodeo Drive isn't what it once was either, and don't get me started on the demise of 5th Ave. It's a national, if not global, thing.
You gotta change with the times or risk being left behind.
9:39 AM
6:04 PM: Of course you have a choice where your energy comes from, but let's talk percentages. Take the number of people who do this. Then take the number of those who drive a Tesla. It's an insignificant number. It may not always be insignificant, but for the present time it is... and that means that Tesla drivers are towing a Coal, Nuclear or Natural Gas Plant behind them.
6:08 PM: Now you're moving the goal posts. That's not what we were discussing.
I hope more people start to do it, whether they drive a Tesla or not. You should do it. It is actually less than pepco if you shop around. I am a Tesla driver and I don’t tow a coal plant behind my car, so don’t tell me I do.
6:50 AM - Not "moving the goalposts" in the slightest. You claimed that electric cars were actually dirtier than gasoline-powered cars. I showed you how you were wrong.
Also, you have failed to consider that many electric car owners use solar panels on their own property to generate electricity for their cars.
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