Newsom Challenges Trump on Electric Vehicle Tax Credits
www.nytimes.com
Gov. Gavin Newsom said California would fill the void for residents if the Trump administration killed a $7,500 E.V. tax credit.
  • nickwitha_k (he/him)@lemmy.sdf.org
    31·
    1 month ago

    My take: With the cost of EVs and charging them in California, that’s essentially meaningless. Under Newsom, state efforts to support home solar installs were discontinued and efforts to breakup PG&E were sabotaged. This has made EVs a questionable investment for anyone not outright rich.

    • AwkwardLookMonkeyPuppet@lemmy.worldEnglish
      2·
      1 month ago

      Additionally, their resale value is horrible. I paid $26,000 for a 2 year old certified pre-owned electric car, and it was worth $12,000 two years later when I sold it. That’s a damned heavy hit for 2 years of ownership. Oh yeah, and the car sold new for almost $40k. So almost $30,000 of depreciation in 4 years. Ouch!