Featured Chevrolet Bolt- 2017 Motor Trend Car of the Year

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by ny_rob, Nov 16, 2016.

  1. ny_rob

    ny_rob Senior Member

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  2. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Better than Our Last Time (BOLT), the EV1 apology. Now if they can just get Ed Begley Jr to do a commercial for them:


    Bob Wilson
     
    #2 bwilson4web, Nov 16, 2016
    Last edited: Nov 16, 2016
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  3. bisco

    bisco cookie crumbler

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    congrats gm, keep racking up awards!(y)
     
  4. ny_rob

    ny_rob Senior Member

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    It's also hard to ignore the large incentives on the Bolt with many states kicking in too:
    $7,500 Fed tax credit
    $2,000 NY State tax credit

    $9,500 off a $37,500 vehicle is nothing to sneeze at...:D
     
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  5. bisco

    bisco cookie crumbler

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    i think we get 2500 in ma, so, i'll be taking a close look at it. hoping it's not too small.
     
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  6. Prius Maximus

    Prius Maximus Senior Member

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    Is motor trend in the advertising business now? That reads like a multi million dollar ad.

    MERGED

    Isn't it a tax credit? So you pay taxes on 9500 less income as opposed to taking 9500 off the price?
     
    #6 Prius Maximus, Nov 16, 2016
    Last edited by a moderator: Nov 18, 2016
  7. ssdesigner

    ssdesigner Active Member

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    If GM gets an award, it should look like this:

    [​IMG]
     
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  8. ny_rob

    ny_rob Senior Member

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    It's off your tax liability due to the Fed or State tax collection agency.

    If I owed $8k Fed taxes on my 2017 1040 and I purchased the bolt- I would only owe the Fed $500 in taxes.
    Same as above with the NYS tax credit.


    It worked like that when I bought the PIP in 2012.. I got $2,500 off my Fed tax liability and I got $7,500 off my 2014 Fed tax liability when I bought the Volt.

    The Prime will have some level of Fed and maybe state tax credits based on it's battery size too.
     
    #8 ny_rob, Nov 16, 2016
    Last edited: Nov 16, 2016
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  9. Prius Maximus

    Prius Maximus Senior Member

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    Thanks for the correction!
     
  10. ny_rob

    ny_rob Senior Member

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    #10 ny_rob, Nov 16, 2016
    Last edited: Nov 16, 2016
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  11. bisco

    bisco cookie crumbler

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    10k off, what the msrp? does the 37,500 include delivery? how many levels/packages/options?
     
  12. Trollbait

    Trollbait It's a D&D thing

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  13. Jeff N

    Jeff N The answer is 0042

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  14. bisco

    bisco cookie crumbler

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    well that seals it.(y)
     
  15. IAPrius

    IAPrius Active Member

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    Well Motor Trend obviously thinks this is the best car made this year so basically it is an ad every year when they give out this award. Nothing wrong with that.
     
  16. bisco

    bisco cookie crumbler

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    nope, nothing at all.
     
  17. cycledrum

    cycledrum PSOCSOASP

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    Today's Drive section Bay Area News Group featured the Bolt with pics and article. Even though it has over 230 miles range, I don't think it will sell all that well. Why? Although the finishing touches are well done, it still basically looks like a small hatchback, something like or Honda Fit or the like.
    So, when the customer sees Bolt's $37,500 sticker price, then see a gas equivalent for something like $19,000, they'll save the $18,000.

    Those tax breaks could go away pretty soon with DJT. Cannot sell most people on guilt trip 'you should be green and save planet'. I was barely able to make the choice to buy a cordless lawnmower that I could return in 30 days with much beefier gas models sitting right next to it. How are average JJ's going to risk $30k + on the unknown electric car? Vast majority won't.

    But, I think Tesla might do better with model 3: It still looks hot, like a smaller Model S, and some people are willing to spend bigger bucks on things that look exotic and drive great.
     
    #18 cycledrum, Nov 18, 2016
    Last edited: Nov 18, 2016
  18. bisco

    bisco cookie crumbler

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    when you say, 'it won't sell well', do you mean mainstream gasser numbers, or not even better than leaf or something?
     
  19. cycledrum

    cycledrum PSOCSOASP

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    I guess it might sell a little bit more than Leaf numbers, like 1,500 Leafs, 1,800 Bolts in a month. Bolt base price is $8,500 over Leaf
     
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