Electric car for everyone? Unless they get cheaper.

The people here aren’t Hollywood stars or millionaire tech entrepreneurs who may own Ferraris or private jets. But they are wealthy. The median household income in the region is over $ 165,000, and half of homes are valued at over $ 1 million. Eight out of ten residents have at least an undergraduate degree. High-income early buyers have easy access to federal EV tax credits.

The incentive is, in effect, “to subsidize my luxury,” said Teglia, who also has solar panels in his home. The Model 3 he owns sells for about $ 40,000 before government incentives.

Obstetrician and gynecologist Dr. Jack Xiao avoided buying an electric car for fear of not being able to drive far before plugging it in. This is a phenomenon known as range anxiety. However, his sister, who moved from Texas to California and bought solar panels and Tesla, persuaded his father, who lives with Dr. Xiao, 54, to buy them as well. Following the family, Dr. Xiao purchased Tesla and solar panels.

“Glass prices have just soared, so given that we have solar panels, it costs very little to charge,” he said. “For me, it was perfect.”

Retired chiropractor Elaine Borses is also a convert. Before I bought the Model S, I hadn’t spent more than $ 20,000 on a car. But after seeing some big and sporty sedans on the road, she drove one about seven years ago. “I thought they were smooth and sexy,” said Borseth, who currently runs the San Diego Electric Vehicle Association.

“This is one of the cases where the more you look, the more it breeds,” she explained why there are so many electric cars in the neighborhood.

Electric car for everyone? Unless they get cheaper.

Source link Electric car for everyone? Unless they get cheaper.

Back to top button