Atlanta Electric Vehicle Development Coalition

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Tesla Model S 60 is back: A Good Value?

New Again Tesla Model S 60! This past week, Tesla announced the re-introduction of the Model S 60 kWh battery with a range of 210 miles and a base price of $66,000 USD. Other features include the new front end styling and headlamps introduced across the Model S line just a month earlier and the optional 75kWh upgrade to add another 39 miles of range for $8,500.00 USD and the optional Dual Motor for another $5,000.00.

Our sister company, Georgia EVentures, LLC, took delivery of one of the last Model S 60 kWh vehicles produced in March 2015, so we thought we would provide a comparison to see just how good a value the new, now 5 year old Model S 60 is compared to it’s original  60 kWh version launched in 2012.

2016 or 2015 Model S 60 – Which is the Better Value? To make the fairest possible comparison, we used the same color and trim (Blue Metallic, Grey Leather, Obeche Gloss, fixed roof, white headliner),  the same options (Autopilot, Tech Package/Premium, Air Suspension)  and 19″ base wheels. Supercharging was a $2,000 option in 2015 and standard in 2016; our 2015 Model S has both front and rear Nex Gen seats so a -$1,000 adjustment was made to account for the actual cost of the Nex Gen rear seat in the 2015.

Four factors make up the biggest components of value for the new Model S 60:

  1. Base price reduction of $3,900 (-6%) for comparable range (210 vs. 209)
  2. Inclusion of Supercharging which was a $2,000 option in early 2015.
  3. Decoupling of Autopilot and Tech Package/Convenience features saves $1,750.
  4. Future ability to unlock 15 kWh of battery/39 miles but not for $8,500-9,000 as offered today: Tesla is still struggling with how to price longer range battery packs.

Bottom line, before Federal and State Tax Credits (Georgia’s $5,000 ZEV tax credit vanished on July 1, 2015), the “New” Model S 60 is a better value at $4,000 less (-5%) than the 2015 Model S.

As they say, timing is everything. And this might just be a good time to finally purchase that Tesla Model S you’ve always wanted!

Fortunately for Georgia EVentures, the Georgia ZEV tax credit more than made up that difference, providing about $1,000 in lower cost versus the comp equipped 2016: yes timing is everything!

 


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Tesla Nation: Atlanta Joins In!

Tesla Nation has officially begun! Since it’s March 31st official launch, Tesla reports over 250,000 $1,000 pre-order deposits have been made for its $35,000 base price ($42,000 well equipped said Tesla CEO Elon Musk) Model III.  While smaller, and half the price of the original Model S 60 kWh model, it delivers the same range (215 vs. 208), acceleration (0-60 in under 6 seconds) and overall driving characteristics of its larger brother! Impressive. The Model III will offer AutoPilot suite standard and Supercharger capable with Musk being a bit vague on ‘free’ vs. ‘pay as you go’. Atlanta EVDC is betting it will be free. Why? Because Musk committed to doubling  the high speed Supercharger network and quadrupling ‘destination charging’ locations by the end of 2017 (7,000 of each).

Hundreds of Atlantans lined up at the Tesla Decatur, Lenox and Marietta stores to put down their $1,000 deposits and talk with current Model S and X owners.

tesla

Photo Credit: Michael Beinenson

Never in automotive history have that many deposits been made for a new automotive model.  Automotive dealers may order say 30,000 vehicles for a new launch across thousands of ‘dealer points’ but never before have individuals been able to accomplish this feat.Musk is also doubling the ‘store’ count to about 440 by end of next year with commensurate service centers. So Tesla is making all the right moves to get ready for the Model III.

If you missed the launch event, here’s a link to the 22 minute video – worth the watch!

Tesla Model III Launch Tesla Hawthorne CA Design Studio


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All Quiet in Georgia

With the 2016 Georgia General Assembly session coming to its close, there was no action taken on either Bill introduced to reinstate a graduated EV tax credit or to reduce the $200.00/year AFV road use fee.  As the owner/operator of 3 EVs (2014 VOLT, 2015 LEAF and 2015 Tesla) my bill from the State of Georgia for annual registrations is a whopping $768.00!  Ouch!

With EV sales continuing to slide precipitously, a glimmer of hope lies in the establishment of an EV study committee by the Georgia State Senate; I hope to participate as both an EV driver and in my role as National Sales Manager for Current Powered by GE EV charging stations. The committee may not ramp up until after the summer, so check back for updates.

Fortunately, the Federal Goverment reinstated its 30% Income Tax Credit with a $30,000 maximum per job site both retroactive to January 1, 2015 and expiring on December 31, 2016. Here’s a handy link to the Alternative Fuels Data Center, THE source for Federal, State and Local incentives information:  AFDC Federal EV Charging Infrastructure Tax Credit.

With the arrival of the 2017 Chevrolet VOLT, 2018 Chevrolet BOLT, Nissan LEAF and Tesla Model III (to be unveiled on March 31, 2016) many great new EV options with longer ranges and lower price tags will be available!


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Georgia EV Tax Credit Revived?

The electric vehicle tax credit debate simply will not go away!  Last week Georgia General Assembly House of Representatives member, Margaret Kaiser (D-Atlanta) and her Democrat co-sponsors introduced HB 877 GA Gen Assembly HB 877 EV & EVSE Tax Credits which provides the following:

1). Three year program with tax credit level changing at the 18 month mark and an annual $30 Million Tax Credit Cap.  Tax Credit would run from July 1, 2017 to December 31, 2019.

2). Tax Credits for EV’s with battery size of 4.0 to 10.0 kWh: $2,000 reducing to $1,000 on January 1, 2018. 10% Income Tax Credit against vehicle purchase price subject to these caps.

3). Tax Credits for EV’s with battery size >10.0 kWh: $3,000 reducing to $2,000 on January 1, 2018. 10% Income Tax Credit against vehicle purchase price subject to these caps.

4). Purchases and Leases are eligable. Ineligability for Georgia residents who were granted a tax credit ($5,000 ZEV tax credit reduced to $0 in 2015) the three prior years (2013-2015).

5). Tax Credit to business enterprises who install EV charging stations at 10% of the charger cost subject to a $2,500 cap. Defintion of business enterprise is clarified in HB200 which cleared the House in 2015 and is still with the Senate.

This legislation is substantially what was proposed under HB220 in last year’s session with the notable inclusion of the EV charging station and slightly lower caps.  Now the Bill needs a Republican co-sponsor and the best candidate is Don Parsons (R-Marietta) who chairs the House Energy Utilities and Technology Committee and is a member of the tax related committees: Appropriations and Ways and Means.

Watch this blog for updates as we did last year!  If you live in metro Atlanta and support EVs, email or call  your Georgia House Representative this coming week.


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Why Re-Elect Tim Echols to the Georgia Public Service Commission?

Seems being an incumbent in any office these days is a liability.  People know what you stand for, can evaluate your decisions and voting record and challengers can unfortunately mis-appropriate your words to sway voters against you.

Sadly, that is exactly what one of the contenders for Public Service Commission is doing to Tim G. Echols.  Rather than clearly stating her own position and why she would be the better candidate, this contender has taken Tim’s ardent support for electric vehicles in Georgia and oddly turned it into something it never was:  a quest to line Tim’s own pockets with a ‘free car’.

If you know Tim even in the slightest, you know that, is not how he rolls!

Like many of us, through the availability of the Zero Emission Vehicle tax credit, Tim was able to afford a $35,000+ first generation electric vehicle and experience for himself the potential for electrification of the automobile and yes help EVangelize (as I do) the need for EVs in Georgia and to help combat non-attainment air quality in metro Atlanta.

Tim fought for the tax credit to the very end of the 2015 Georgia General Assembly Legislative Session, working with a diverse team spanning CleanCities Georgia, Southern Alliance for Clean Energy and the EV Club of the South to retain some level of tax incentive to realize the benefits of more drivers in Georgia behind the wheel of an electric vehicle.

Where were his opponents a year ago on this issue?  Silent.

Tim has invested a lot of time learning about renewable energy sources and the economics behind these technologies.  He hosts public forums, tirelessly travels around the State of Georgia advocating for these renewable resources and yes, has built the appropriate relationships with our state’s largest providers of energy: he challenges them!

So Georgia voters have a decision to make on May 24th about returning Tim G. Echols to the Public Service Commission.  It’s clear how I am voting.  Look at the facts and I think it will become clear to you as well.

 


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Is now a good time to buy a Pre-Owned Tesla Model S?

I had lunch with a work colleague last week who was asking me about Certified Pre Owned Tesla Model S vehicles and if now is a good time to buy one?

Well year end clearance sales are well known in the auto industry and the last week of December is the biggest sales period of the year! So can you score a great deal on a pre-owned Tesla Model S before December 31st?

That all depends on your definition of a great deal. Tesla forums are exploding with stories of ‘cheap’ Certified Pre-Owned (CPO) Tesla Model S citing a few available for under $50,000. Considering the average new car price is $36,000 that’s still a hefty premium to pay for a 2-3 year old first generation Tesla Model S.

Here is the link to Atlanta pre-owned Model S vehicles. Tesla Model S Pre-Owned Atlanta. As of today, 18 vehicles are listed with the cheapest being a 2013 60kWh for $59,000 and the most expensive is a 2015 P85D for $105,000! A lot of choice for sure.

But none of the 18 listings look like a bargain to the author. Why you ask?

Autopilot MIA: Keep in mind that almost all of these vehicles are ‘pre-Autopilot’ capable vehicles (generally VIN below 50,000/production pre-September 2014).  This is truly a Buyer Beware situation.  Because these Model S vehicles cannot be retrofit for Autopilot (Tech Package is not the same – it must say Tech Package with Autopilot) these vehicles are consigned to a pretty steep depreciation curve.

Uncertain Used Value: Because Tesla does not typically go through the Manheim auctions, used values are almost impossible to peg and at this point, Tesla can set what they want for that value. So you have no real market data to base the value of the CPO upon. Tesla likely paid only 80% of the listed price as a trade in, locking in a 20% non-negotiable profit margin for the company so that’s a good place to start to get a sense of the true wholesale value of these CPOs.

Evaluate CPO vs. New: you should always make the comparison between a new vehicle and the CPO and factor in the still available up to $7,500.00 Federal Tax Credit. The first owner took that credit so it is not available to you as a CPO buyer. Take the time to go on to Tesla Model S design studio and price out a comparably equipped Model S, deduct the $7,500.00 tax credit and see how close you are to the CPO. Tesla Model S Design Studio.

Remaining Factory Warranty: check out the balance of the factory warranty (4 years/50,000 miles) which is extended for CPOs. Ask for details. Most importantly, look hard at the remaining battery life which typically has an 8 year warranty (ask about mileage caps which can vary by battery size and year of production). Along with the electric drive unit, this is the most expensive out of warranty repair to consider ($10,000+).

Some of the early Teslas were purchased with the extended warranty which should transfer to the CPO buyer – be sure to ask.  Rim rash is common and should be repaired by the Tesla Service Center. Tires are replaced below 5/32 of tread life.

Lower Priced Entry Level Model S:  you may want to wait and see what Tesla does with the Model S entering its fourth full year of production. According to this article from the Motley Fool, Tesla may continue to reduce the price/feature set of the Model S to attract more buyers. Tesla has been focused on the $70,000 entry price point but ‘de-contented’ Model S could reduce that price further. Motley Fool Less Expensive Tesla Model S?. Time is on your side as the supply of CPOs with Autopilot grow and Tesla moves to lower the entry price point on a new Model S.

Bottom line: So if you are just interested in a great car that may be worth 50% of what you paid for it 3 years down the road and can live without Autopilot and all other self-driving upgrades, you may find a great deal.

DO YOUR HOMEWORK before you commit to a Certified Pre-Owned Tesla Model S. Buy only the options/features you want. Try not to get swayed by the sub-$50,000 hype.  God-speed finding the deal of a lifetime!


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CBC News: Atlanta Winning The Electric Car Race

Canadian Broadcasting Company’s The National came to Atlanta to learn why we have embraced electric vehicles – up to now.  Watch this terrific 10 minute video released on December 1st and hear from the Atlanta EV trail blazers as to why we have been so successful and the need to keep pushing to get the $200.00 EV Road Tax reduced, the an EV Tax Credit restored and continue to build out EV charging station infrastructure in time for the upcoming new generation of EV’s to hit Georgia’s roads!