Model 3 Vs Elio

[Marshall]

Well that's where the ELIO comes in. Marshall will have to settle with the ELIO for longer commutes and Model 3 for shorter ones. Problem solved!

When an electric is under $10,000, call me.

 

[RUCRAYZE]

When an electric is under $10,000, call me.

Give me a call-





2014 Mitsubishi i-MiEV


The days of finding a brand-new car for less than five figures appear to be over.

Officially, the cheapest new car sold in the U.S. is the 2015 Nissan Versa sedan, which now starts at $12,800, including destination.

But what if you could get a brand new car--with an electric powertrain to boot--for an effective price of less than $10,000 after all incentives?

ALSO READ: 2014 Mitsubishi i-MiEV: $6,130 Price Cut, More Standard Features

As Yahoo Autos! columnist Steven Lang notes in a humorous blog post, it's technically possible to buy a 2014 Mitsubishi i-MiEV electric minicar for less than $10,000--but only for a very, very small segment of the population.

Let's start with the base price. Before any Federal, state, or local incentives are applied, the i-MiEV starts at $22,995--which is actually a $6,130 price cut over the 2013 model.




2014 Mitsubishi i-MiEV


From there, we can net out the $7,500 Federal tax credit that all new electric cars sold in the U.S. qualify for, though only if the buyer is also eligible.

Electric-car buyers need to declare $46,300 in taxable income for individuals ($56,000 for married couples filing taxes jointly) to get the full amount (and that can take up to 15 months after purchase, depending on when the buyer files his or her taxes).

California also offers a $2,500 electric incentive that, combined with the full Federal tax credit, brings the price down to $12,995.

That's close, but doesn't get us under the magic $10,000 limit.

RELATED: Will Georgia's $5,000 Electric-Car Tax Credit Be Axed In 2015?

Georgia, on the other hand, offers a $5,000 tax credit, which brings the base price of an i-MiEV down to $10,495 with the Federal credit, but no other local incentives.

Lang then uses the average transaction price for the Mitsubishi plug-in--$21,450--to come up with a real-world figure of $8,950.

However, once dealer fees and taxes are factored in, the price rises back above the $10,000 mark.

But there is one group of people that don't have to worry about those costs: the car dealers themselves.




Tesla Store Los Angeles [photo: Misha Bruk / MBH Architects]


Hypothetically, a Georgia dealer could order and pay for a 201

 

[Marshall]

Tax breaks for the wealthy do not affect me. I have no taxable income. A tax credit without minimum qualifications would theoretically work, but Texas doesn't have it and I'm not moving to Georgia just to get a credit.

 

[Sethodine]

WOW, I hadn't realized there was a minimum wage on the EV tax credit. I bought used, so I didn't get the credit. Which is just as well I guess, since it means my wife and I wouldn't have qualified anyways.

 

[Rickb]

Did Tesla say $35,000 is the entry level? What options would be added, bigger battery or what?
$35k could become $55K very quick.

The $35K sounded well equipped based on watching the Model 3 unveil video. However, I'm eager to see the Tesla 3 and me Configurator for any available package options.

 

[3wheelin]

When an electric is under $10,000, call me.

You may have to wait a while for that to happen but one thing is sure, our ELIO will be around by the time a 10K electric materialized in your driveway!

 

[slinches]

The Arcimoto is electric and may end up just under $10k after incentives in some states. If you can live without AC/Heat and are willing to get a motorcycle license, then it may be an option in a similar time frame as the Elio.

 

[KenK]

Thanks for the reservation agreement link. My first chance to watch the unveil video was a few minutes ago. I'm with you on placing a reservation on the Model 3. It checks all my boxes: styling, performance, build quality, range, and price point (high end for me). Sweet!

So now I have a reservation on an Elio, and Arcimoto SRK, and a Tesla Model 3... I guess I really am a masochist. Someone deliver a d*mn car already!

 

[Rickb]

So now I have a reservation on an Elio, and Arcimoto SRK, and a Tesla Model 3... I guess I really am a masochist. Someone deliver a d*mn car already!

Me too! I'm thinking about the need for an Elio - Arcimoto - Tesla & Me Limited Editon T Shirt. E-A-T-ME

 

[CrimsonEclipse]

Tesla 3 -vs- Elio

Tesla is the fourth model of a company started by a billionaire.
the Elio is the first car started by an engineer with a more modest budget.

Tesla 3 is good for 200 miles
Elio good for 684 miles.

Tesla 3 $35000 to start
Elio $6800 to start

Tesla 3 1̶1̶5̶,̶0̶0̶0̶ 232,000 reservations
Elio 53,000 reservations

Tesla 3 can be used if you own your home and can charge it in your garage or outside without fear of an HOA.
Elio can be used and stored anywhere you have a car today

Tesla will revolutionize the car buying experience for the middle and high end
Elio will revolutionize the car buying experience for the low end.

Quick edit:
232,000
https://www.rushlane.com/tesla-model-3-bookings-exceed-232000-24-hours-12192928.html