Electra Meccanica (three Wheel Electric) Email-11/2/15

[3wheelin]

Edit: Rickb says it expired, so the following information is probably not important...

First of all: Motorcycles and three-wheeled EVs get a max of 10% sticker price or $2,500, whichever is less. Your Solo will NOT get you a $7500 credit. $2500, tops, and that's only if you pay more then $25,000 for it.

As to how it works: It's an income tax reduction. You pay the full amount for the vehicle, and the $7,500 is claimed on your next tax return. If you can't take advantage of the full $7,500 reduction, then you lose the excess credit. I.e. if your total taxes for the year were $3,000, then you get a $3,000 reduction, and you lose the extra $4,500. If you lease the vehicle, the owner of reord get the credit, which isn't you. It's probably the manufacturer or leasing company. They *may* pass the credit along to you in the form of a lower lease price. Make sure you force them prove it, or you're not getting it.

Here's a link to an article from Edmunds that explains it all in greater detail:
https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-electric-vehicle-tax-credits.html

Interesting note: The $7,500 is based on the battery size of the vehicle. Plug-in hybrids generally don't get the full amount.

Interesting! Thanks RC for that info.

 

[Elio Amazed]

Another "blazingly fast" test drive. another video. From the EVM Facebook page...
"We had fun taking Peter Tam - MLA Candidate with BC green for Mission Maple Ridge out for a ride in the white SOLO last week!"

WARNING: Turn your volume down before you start the video!

https://www.facebook.com/video.php?v=1418293804908906

 

[Elio Amazed]

Solo (number 9?) build in progress...
Photo album at https://www.facebook.com/EMVsolo/ph...313145696591/1288370887924145/?type=3&theater...

 

[wizard of ahs]

OH WOW....Closer to #458

 

[Rickb]

A fun overhead view of my 2 favorite three wheeler concepts:

I may draw chalk outlines of both on my garage floor.......one closer to an electrical outlet.

 

[Rob Croson]

It would be interesting to see them to scale.

 

[3wheelin]

It would be interesting to see them to scale.

I was checking out the new Chevy Bolt and wow, it ain't cheap as it's base model (LT) starts at 39K in some dealerships. Nice looking EV, got high praises from R & T and base model includes the rear camera & have the same powerful electric motor rated at 200hp, 266lb/ft of torque, 238mpgE and 0-60 in 6.5sec. as the Premier model. It'll be close to 40+K out the door! And unless you're really well off and have high taxes to pay, you can't take full advantage of the 7500K incentive. For that price, I can have two ELIOs and a SOLO or 2 SOLOs and an ELIO. Win-win!

 

[wizard of ahs]

A fun overhead view of my 2 favorite three wheeler concepts:
View attachment 21367

I may draw chalk outlines of both on my garage floor.......one closer to an electrical outlet.

I did that on my driveway

 

[acentre]

I was checking out the new Chevy Bolt and wow, it ain't cheap as it's base model (LT) starts at 39K in some dealerships. Nice looking EV, got high praises from R & T and base model includes the rear camera & have the same powerful electric motor rated at 200hp, 266lb/ft of torque, 238mpgE and 0-60 in 6.5sec. as the Premier model. It'll be close to 40+K out the door! And unless you're really well off and have high taxes to pay, you can't take full advantage of the 7500K incentive. For that price, I can have two ELIOs and a SOLO or 2 SOLOs and an ELIO. Win-win!

yes it is expensive. This is why the Tesla model 3 will be worth the wait. The $7500 should be a direct credit, independent of tax liability so all could precipitate.

 

[Elio Amazed]

It would be interesting to see them to scale.

I know you're a numbers man Rob. This should be accurate to within 1/8th of an inch.
It's based on the published width dimensions. Hopefully the renderings are individually proportionate.