[AnishLaddha]

a new bolt, with all the rebates available to CA residents, can cost as little as 12k for a single person earning less than 55k a year.

its hard to find a reliable used car for that price, let alone a new ev! i don't know what gm was thinking when they killed it.

[frumper]

The don't make any money on it, that's why they wanted to drop it.

[ComputerGuru]

Does a person making 55k a year pay enough in taxes that they can take sufficient advantage of tax credits to bring the car down to that price?

[frumper]

Not the federal rebate, but California sends rebate checks. You also can make quite a bit of money and get significant rebates back in the state.

[minerva23]

Separate and related question: what can a single person making less than 55k in CA afford if they are renting their own 1 bd?

[reducesuffering]

What rebates add up to $15k?

[frumper]

Not OP, but California Air Resource Board gives a significant rebate and I know if you live in the Central Valley you can get another rebate. That's 10k+ from the state alone up to 120k income for a family of 4. Our local utility also paid for a home charger($500) and $500 towards installing the charger. Our utility also put a second meter on our power for the charger that costs a reduced rate to charge with.

https://cleanvehiclerebate.org/en/savings-calculator https://driveclean.ca.gov/node/919765