EV Tax Credit Likely Gone, Tariffs Next? Are you still a Scout buyer without $7500 tax credit?

[NukeDukem]

Thats what we want, because it will begin to make the new car prices drop, making them more affordable.

They'll have to. No one's buying $100,000 Jeeps or RAMs.

 

[AndyS_OSU]

Already used car prices are dropping which is huge for the market!

This isn’t because of any political outcomes or speculative changes to incentives or tariffs. Solely based on demand and interest rates that are only creeping down slowly. Also we have entered new model season which puts more pressure on used dealers to offer deals.

 

[KarlT]

I will Not purchase any Scout if there is not a $7500 tax credit. I would purchase a Rivian or Tesla. BTW, there have been no talks of eleminating the tax credit.

Are you saying that Scout would not have a credit but Rivian and Tesla would? Or just prices differences in general?

How many people will cross shop Scout vs Tesla. They seem like very different vehicles?

 

[timmyhil]

This isn’t because of any political outcomes or speculative changes to incentives or tariffs. Solely based on demand and interest rates that are only creeping down slowly. Also we have entered new model season which puts more pressure on used dealers to offer deals.

The reason the new car prices are high is because of a thing called demand, right now people cant afford them with on how the economy is and the fact that the USD is worth pennies at the moment not a complete dollar. Now that people are seeing that the economy will be stronger like how it was pre 2020, the US president election results is helping the Car Market out since people are finally waking up. And the USD will be worth something again finally, just over the past two weeks the USD has gained value.

*but also yes it does have to do with interest rates to some degree*

**NOT A POLITICAL STATEMENT JUST FACTS**

 

[AndyS_OSU]

The reason the new car prices are high is because of a thing called demand, right now people cant afford them with on how the economy is and the fact that the USD is worth pennies at the moment not a complete dollar. Now that people are seeing that the economy will be stronger like how it was pre 2020, the US president election results is helping the Car Market out since people are finally waking up. And the USD will be worth something again finally, just over the past two weeks the USD has gained value.

*but also yes it does have to do with interest rates to some degree*

**NOT A POLITICAL STATEMENT JUST FACTS**

Real data driven analysis here.

 

[garagelogic]

I've never purchased any car based on any sort of tax credit I might get, so whether the Scout has one or not, I don't care.

 

[NukeDukem]

The reason the new car prices are high is because of a thing called demand, right now people cant afford them with on how the economy is and the fact that the USD is worth pennies at the moment not a complete dollar. Now that people are seeing that the economy will be stronger like how it was pre 2020, the US president election results is helping the Car Market out since people are finally waking up. And the USD will be worth something again finally, just over the past two weeks the USD has gained value.

*but also yes it does have to do with interest rates to some degree*

**NOT A POLITICAL STATEMENT JUST FACTS**

What do you mean the US dollar is worth pennies? I don't understand this.

 

[timmyhil]

What do you mean the US dollar is worth pennies? I don't understand this.

Inflation changes the worth of a dollar. The more inflation the less the dollar is worth. The less inflation the more a dollar is worth.

 

[AndyS_OSU]

Inflation changes the worth of a dollar. The more inflation the less the dollar is worth. The less inflation the more a dollar is worth.

While a dollar doesn’t go as far post pandemic anywhere, in regard to its worldwide value, the dollar is doing just fine seeing as the US has outperformed the rest of the world in regard to inflation over the last 24 months.

 

[timmyhil]

While a dollar doesn’t go as far post pandemic anywhere, in regard to its worldwide value, the dollar is doing just fine seeing as the US has outperformed the rest of the world in regard to inflation over the last 24 months.

That’s what everyone what’s to think. That’s because of all the artificial inflation reductions by the Biden administration.

 

[Mr._Bill]

One of the big problems with the EV Tax Credit is that the average person couldn't directly take advantage of it. Their tax liability just wasn't high enough. That is why there were so many that were leased. The leasing company was able to take full advantage, and would pass it on to the customer. I have never been, and probably never will be, able to use the EV Tax Credit. I did get a good deal on a two year old lease return EV. I was able to claim the credit for the charger, but it wasn't very much since I installed it myself.

 

[NukeDukem]

Inflation changes the worth of a dollar. The more inflation the less the dollar is worth. The less inflation the more a dollar is worth.

Ah, inflation. But the US inflation rate is the lowest it's been since 2021 at 2.6%. Better than most developed countries. So really, your dollar isn't worth just pennies.

 

[AndyS_OSU]

One of the big problems with the EV Tax Credit is that the average person couldn't directly take advantage of it. Their tax liability just wasn't high enough. That is why there were so many that were leased. The leasing company was able to take full advantage, and would pass it on to the customer. I have never been, and probably never will be, able to use the EV Tax Credit. I did get a good deal on a two year old lease return EV. I was able to claim the credit for the charger, but it wasn't very much since I installed it myself.

You might be surprised. My wife and I are teachers. We budget well but EVs would never have been something we could have purchased outright 10 years ago. That said we have had 5 different EVs over that span (not a Tesla among them) because we either got lease credits or were able to claim the entire $7500 ourselves. That isn’t everybody’s story obviously (if you’re single make less than $65k a year you probably don’t have enough liability), but it’s still contributing to more affordable options for a large chunk of people.

 

[timmyhil]

Ah, inflation. But the US inflation rate is the lowest it's been since 2021 at 2.6%. Better than most developed countries. So really, your dollar isn't worth just pennies.

Thats what people like to think. But going to the store to food shop and coming out with 20 items and it cost $250 instead of the $140 that it used to cost so tell it to my bank statements. Still inflation is high. But whatever y’all want to think.

 

[AndyS_OSU]

Thats what people like to think. But going to the store to food shop and coming out with 20 items and it cost $250 instead of the $140 that it used to cost so tell it to my bank statements. Still inflation is high. But whatever y’all want to think.

Where are you shopping?!?! I just got back from grocery shopping.

dozen eggs $2.49
loaf of bread $3.09
bananas 55¢ a pound
ground beef $5.49 a pound
bacon for $4.79 a pound.

All in all, week worth of food for a family of 4 for around $150