2017 Chevrolet Bolt Review

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Thread: 2017 Chevrolet Bolt Review

  1. #1
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    2017 Chevrolet Bolt Review



    Don’t let the popularity of the Tesla Model S fool you: Electric vehicles aren’t selling as well as perhaps they should be.

    In fact, less than one percent of the nearly 18 million cars, trucks and sport utilities bought by Americans last year were electric. It’s not all bad news on the EV front, though, and optimists will be quick to note the progress they have made in their short history on the market. After all, sales of battery electric vehicles have continued to climb steadily, hitting nearly 160,000 in 2016, or the same number of vehicles sold by Acura last year. Regardless, proponents of electric propulsion are still waiting for EVs to carve out a more significant share of the market. And perhaps the biggest obstacle in the way is price.

    Get past range anxiety and long charging times, and the astronomical upfront cost of EV ownership is no doubt keeping plenty of potential buyers away. Yet in an ironic twist — and one that’s akin to the issue of the chicken or the egg — those prices are likely to remain high until more buyers opt for EVs. Automakers know this all too well, and a handful are working on electrified solutions that fit the needs — and budgets — of the masses. And the first of this new class of relatively affordable, everyday-friendly EVs to hit the market is the 2017 Chevrolet Bolt.
    Read more about the 2017 Chevrolet Bolt Review at AutoGuide.com.

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  3. #2
    Off-Road Champion Eddy Cruze's Avatar
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    I posted a thread on the new Bolt currently being sold in Los Angeles, no one cared. I'd buy a Bolt today if I had a place to plug it in AND if I would qualify for the $7500 tax credit which I wouldn't

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    Handbrake Released its a syn's Avatar
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    Why don't you qualify?
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    Quote Originally Posted by its a syn View Post
    Why don't you qualify?
    It's non-refundable credit. Meaning, you won't get full value unless you owe at least $7500 in Federal taxes.

    He qualifies, but apparently only pays $1200 in fed taxes, so for him it would be a "$1200 credit", not the advertised price.

    Depending on how many deductions you have, it's not too hard to fall under $7500 in tax liability.
    Last edited by ChevyGuy; 01-25-2017 at 06:55 PM.
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    Can it be carried over to the next year?
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    Oh, and another thing. Since the Bolt starts at $37,495 and the Cruze is at $21,825 for a LT - that's a big price difference. Even with the $7,500 (non-refundable) tax credit.

    If gas shot up to $3.50/gal, that's 65,000 miles worth of city driving. And that's not including the cost of electricity to charge it.

    It seems like this is a "something that brings you joy" kind of decision - not a economic one.
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    Quote Originally Posted by Blasirl View Post
    Can it be carried over to the next year?
    From what I'm reading - no. (Standard disclaimers apply - consult a tax expert.)
    Greggul8r likes this.
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    Quote Originally Posted by ChevyGuy View Post
    It's non-refundable credit. Meaning, you won't get full value unless you owe at least $7500 in Federal taxes.

    He qualifies, but apparently only pays $1200 in fed taxes, so for him it would be a "$1200 credit", not the advertised price.

    Depending on how many deductions you have, it's not too hard to fall under $7500 in tax liability.
    Interesting. Wonder how many people bought a E car thinking full tax credit and then...WTH
    Merc6 and Eddy Cruze like this.
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    Quote Originally Posted by Camcruse View Post
    Interesting. Wonder how many people bought a E car thinking full tax credit and then...WTH
    Some. Crunching some tax numbers, you'd have to be have a least $46,900 (single)/$56,200 (joint) taxable income on Form 1040 Line 43. Using standard deductions and no children, that's $57,250 (single)/$76,900 (joint) Adjusted Gross Income (Line 37) to take FULL advantage of this credit. Of course, that's just the standard.

    That doesn't seem terribly unreasonable for someone buying a brand-new nearly $40,000 car. Of course, falling short just means you can't take all of it. I'd expect most people could use most of it. If your AGI is 46,750 (single)/ $60,200 (joint), that's a $5000 credit.

    I'm more bothered by the price premium for a E car.
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    I haven't seen this at an auto show yet, how much different is this than the EV Spark? The fun factor of the EV spark was it's instant tq was crazy.
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