New EV 7,500 rebate could it change people from ordering now?

[onetequilatwo]

How much merit is there to the idea that PHEVs only benefit you if you are able to charge them regularly? If you live in an apartment or otherwise would have difficulty charging them regularly, the increased range on the electric motor may do you no good as I understand it. Also, you will be carrying the extra weight of having more battery without taking full advantage of it in this case.

That said, I'd imagine most people at least could find an outlet to charge their PHEV. If I didn't have to rely on a dying vehicles I'd probably wait for the PHEV version of the Maverick, especially since my daily commute is pretty short. I'm open to hearing the potential downsides of the PHEV version though, and even the regular hybrid will be a big upgrade for me.

My feeling is a larger battery would be good for all. It's still a hybrid and would think it's likely to give you more electric miles. Imagine there is another forum for another Ford car that is a hybrid and people can post. Perhaps they have commented that even without a place to plug it in, how much electric gas split they are getting.

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[Deleted member 5597]

That $7500 tax credit is being offset as most EV’s are having a price increase, plus there’s a brand new tax on EV’s that lawmakers have just passed. You’re not gaining anything but higher payments and more tax on an EV. Also consider the cost of charging an EV is almost as much as buying gas. And what about charging stations? They’re few and far in between. And what fuels those charging stations? Fossil fuel.

 

[old willie]

If I remember correctly, the batteries have to be made in the United States, which none are as of this time.

Doesn't Tesla have a huge battery plant outside of Reno?

 

[cavemold]

did some digging on the bill. https://www.washingtonpost.com/climate-solutions/2022/08/10/electric-vehicle-ev-ira-credit-bill/

For new electric vehicles, a $7,500 tax credit could be applied at the point of sale. Those who purchase used EVs could be eligible for up to a $4,000 credit.

But nothing if PHEV qualify, but think they would. Found the old bill.

A tax credit is available for the purchase of a new qualified PEV that draws propulsion using a traction battery that has at least five kilowatt-hours (kWh) of capacity, uses an external source of energy to recharge the battery, has a gross vehicle weight rating of up to 14,000 pounds, and meets specified emission standards. The minimum credit amount is $2,500, and the credit may be up to $7,500, based on each vehicle's traction battery capacity and the gross vehicle weight rating. The credit will begin to be phased out for each manufacturer in the second quarter following the calendar quarter in which a minimum of 200,000 qualified PEVs have been sold by that manufacturer for use in the United States. This tax credit applies to vehicles acquired after December 31, 2009. For more information, including qualifying vehicles and sales by manufacturer, see the Internal Revenue Service (IRS

So the maverick phev is out this bill is trash

 

[cavemold]

This is a better link about the bill with final assembly in North America, hence Mexico, qualifies.
https://www.cnbc.com/2022/08/10/inf...xtends-7500-tax-credit-for-electric-cars.html

I'm retired so income caps are fun to look at and never made anywhere close to the income caps, actually never in the same universe. The price of the Maverick is well under the 55-80 vehicle price cap as well.

So we’re in!?

 

[Maverstang]

The biggest issue with a Maverick PHEV is that Ford is not likely to build one.

Ford is all in on BEVs, they simply won’t invest in PHEVs anymore. The Escape PHEV only existed because it was built for Europe (where it was a top seller under the Kuga nameplate). But PHEVs are fading out in Europe in favour of BEV mandates, so no new ones on the horizon.

Hybrids have more traction in North America, so they are likely to continue, probably in their current form only (RWD/F150 and FWD/C2) since most new investment will go to BEVs.

I might be wrong, but I think you’re more likely to see an electric Maverick before any PHEV version.

 

[onetequilatwo]

So many questions and "ifs" I'd keep your order and accept your Mav. The plugin would save you slightly in fuel and cost more to buy. A bird in the hand.....................

Yes, decided to keep the order and hope they can use my coupon code. The betwixt thing is balancing getting the best deal/discount and wanting the dealership to stay in business and thrive. Yes it is a good fair dealership as have nothing in writing, not even a copy of the order sheet but chose this dealership that is farther than 6 other Ford dealerships for it's reputation.

Also the bill runs through 2032.

 

[Bear]

If Ford does come out with a PHEV Maverick, I will make a move for one providing it has battery range of 45+ miles during warmer months and at least 35 miles during the colder months. I had a Honda Clarity PHEV that got 50+ miles during the warmer weather and at least 35 miles during the colder months....With this setup I only used 2 - 3 gallons of gas a month.

As for the 7500 tax credit. It doesn't come right off when you purchase your PHEV. You get the tax credit when you file your tax return. Even when you file your tax return you will not get the entire 7500.....If you owe 5000 in taxes that will be the tax credit you will get. The left over 2500 cannot be used for your next tax filing.

 

[Deleted member 5597]

I’d encourage everyone to read the whole article. There’s been some false information in previous posts.

https://www.google.com/amp/s/www.go...on-act-limiting-most-vehicles-ineligible/amp/

 

[TyPope]

That $7500 tax credit is being offset as most EV’s are having a price increase, plus there’s a brand new tax on EV’s that lawmakers have just passed. You’re not gaining anything but higher payments and more tax on an EV. Also consider the cost of charging an EV is almost as much as buying gas. And what about charging stations? They’re few and far in between. And what fuels those charging stations? Fossil fuel.

It literally costs us $0.04 per mile to charge at home... My F150 costs me $0.20 per mile in gas which is 5 times as much. My electricity is $0.12 per KwH so I suppose it could be higher for some people. For me, it's WAY cheaper to drive the EV than my F150. Tesla chargers are available enough that we can easily do cross country trips. They aren't as prevalent as gas stations, that's for sure but we take about 2 long trips a year so for the other ~340 days a year, it is super simple having the EV.

 

[Darnon]

As for the 7500 tax credit. It doesn't come right off when you purchase your PHEV. You get the tax credit when you file your tax return. Even when you file your tax return you will not get the entire 7500.....If you owe 5000 in taxes that will be the tax credit you will get. The left over 2500 cannot be used for your next tax filing.

Which is why in those instances leasing was often a better deal as the lessor institution, being the one buying the vehicle (and renting it to you), often passed on the tax credit as a cap cost reduction. It's why you could lease Volts for <$100/mo and the PHEV Wrangler is/was a good deal.

Although with the new EV credit it may be able to be applied at time of sale.

 

[LushRoller]

Some good points have been raised. Has Ford ever given any official indication that a PHEV version of the Maverick is coming to America? I'd like to get one, and take advantage of the tax credit but unfortunately I think my backup car may only last a year or so at best so I feel I need to get an order in and try to buy sooner rather than later. If I think I might really want the PHEV, I wonder how much the value of the '23 Maverick would go down by the time PHEVs are out and how much I'd lose if I traded for one.

 

[Deleted member 5597]

It literally costs us $0.04 per mile to charge at home... My F150 costs me $0.20 per mile in gas which is 5 times as much. My electricity is $0.12 per KwH so I suppose it could be higher for some people. For me, it's WAY cheaper to drive the EV than my F150. Tesla chargers are available enough that we can easily do cross country trips. They aren't as prevalent as gas stations, that's for sure but we take about 2 long trips a year so for the other ~340 days a year, it is super simple having the EV.

0.04 per mile to charge at home. How much at charging stations other than your home?

How much did it cost you to have the charging station installed at home?

I would certainly think that the F150 would cost you more per mile than the EV, and an F150 would certainly cost me more than my hybrid Maverick.

My son has a F150 Lariat. It costs him about $200 to fill his up every week. He gets about 400 miles per tank. It cost me no more than $60 to fill up my Maverick. I don't let my tank get below 1/4, but to that point, I'm getting over 500 per tank. I fill mine up about every three weeks or so.

 

[TyPope]

0.04 per mile to charge at home. How much at charging stations other than your home?

How much did it cost you to have the charging station installed at home?

I would certainly think that the F150 would cost you more per mile than the EV, and an F150 would certainly cost me more than my hybrid Maverick.

My son has a F150 Lariat. It costs him about $200 to fill his up every week. He gets about 400 miles per tank. It cost me no more than $60 to fill up my Maverick. I don't let my tank get below 1/4, but to that point, I'm getting over 500 per tank. I fill mine up about every three weeks or so.

We paid $500 for the charge connector and $500 for the electrician. That wasn't free, of course, and definitely fits into a calculation of expense over time. We didn't HAVE to install a charger. We could have just used the 110V there in the garage and charged at a whopping 4 miles of range per hour. Now, my wife drives just 20 miles a day and the car could be charging for 16 hours a day (she isn't full time) but, I wanted to be able to do a full charge easily overnight AND make it so she wouldn't have to charge but once a week. It's an easy car to have around and she fell in love with the fact that she doesn't have to stand out in the cold or hot getting gas. I'm a bit more old school than that and take the opportunity while fueling to look my truck over. There's nothing to look over on her car and it's really simple from a strictly driver-prospective.

Anyway, will it take a long time to make up that $1,000 cost of the charge point? Yes. Well, 2 years to break even including the charge point installation. She only drives about 8,000 miles a year.

8,000 miles per year x 2 years x $0.04/KwH = $640 in electricity costs so far for her car (we've had it 2 years and 2 months)

The same would have cost her 8,000 x 2 / 18 mpg (Her Explorer) x $3.00/gal = $2,666
We've saved $2,026 so far and expect that to continue adding up as we go unless there is some unexpected expense that comes up. The battery is warrantied for 8 yrs/100,000 miles and at her rate, that means 8 years. Tesla grinds up the old batteries to recoup all the materials and I don't know what a replacement would cost in 8 years but that's a moot point anyway as she'll probably want another one by then. But man, that's a fun car to drive.

 

[Deleted member 5597]

We paid $500 for the charge connector and $500 for the electrician. That wasn't free, of course, and definitely fits into a calculation of expense over time. We didn't HAVE to install a charger. We could have just used the 110V there in the garage and charged at a whopping 4 miles of range per hour. Now, my wife drives just 20 miles a day and the car could be charging for 16 hours a day (she isn't full time) but, I wanted to be able to do a full charge easily overnight AND make it so she wouldn't have to charge but once a week. It's an easy car to have around and she fell in love with the fact that she doesn't have to stand out in the cold or hot getting gas. I'm a bit more old school than that and take the opportunity while fueling to look my truck over. There's nothing to look over on her car and it's really simple from a strictly driver-prospective.

Anyway, will it take a long time to make up that $1,000 cost of the charge point? Yes. Well, 2 years to break even including the charge point installation. She only drives about 8,000 miles a year.

8,000 miles per year x 2 years x $0.04/KwH = $640 in electricity costs so far for her car (we've had it 2 years and 2 months)

The same would have cost her 8,000 x 2 / 18 mpg (Her Explorer) x $3.00/gal = $2,666
We've saved $2,026 so far and expect that to continue adding up as we go unless there is some unexpected expense that comes up. The battery is warrantied for 8 yrs/100,000 miles and at her rate, that means 8 years. Tesla grinds up the old batteries sounds to recoup all the materials and I don't know what a replacement would cost in 8 years but that's a moot point anyway as she'll probably want another one by then. But man, that's a fun car to drive.

Sounds like you’re doing well with it. When you travel, how long does it take to charge? At what cost? What do you do while it’s charging?

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