Would you buy an SE at current prices without the $7500 credit?

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Would you buy an SE at current prices without the $7500 credit?

  • Yes (I have additional state incentives)

    Votes: 8 10.0%

  • Yes (I do not have additional state incentives)

    Votes: 26 32.5%

  • No

    Votes: 46 57.5%
  • Total voters
    80
So, for those of you who are moving on to something different due to the passage of the IRA of 2022, what are you looking at?

With the tax credit having been vaporized, I’m no longer in any hurry to attempt to buy something, but I intend to go and test drive the Ioniq 5, the EV6, the ID4, the Mustang Mach E, and the RAV4 Prime. I’m expecting to be disappointed at the big downgrades in personality and how engaging the drive is, but the upticks in range and practicality might be something that helps compensate.
 
gosjsgdi said:
So, for those of you who are moving on to something different due to the passage of the IRA of 2022, what are you looking at?

With the tax credit having been vaporized, I’m no longer in any hurry to attempt to buy something, but I intend to go and test drive the Ioniq 5, the EV6, the ID4, the Mustang Mach E, and the RAV4 Prime. I’m expecting to be disappointed at the big downgrades in personality and how engaging the drive is, but the upticks in range and practicality might be something that helps compensate.
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That's a pretty good list. Because the Mustang Mach E and ID.4 are (or are about to be) built in the US, those cars will end up qualifying for the revised $7,500 federal EV tax credit--so they will be in great demand, resulting in long wait times.

Many prospective buyers were reporting up to a year wait for the Ioniq 5 and EV6, but that may get shorter now that they don't qualify for the EV tax credit. If you were previously interested in a MINI Cooper SE, you might take a look at the upcoming Ioniq 6, which is a very stylish car, not an SUV. If you place your order now, I wouldn't be surprised if you didn't have a shorter wait for an Ioniq 6 (which doesn't even have an on-sale date yet) than that for an I5 or EV6.

The RAV4 Prime has always been difficult to find.
 
When I decided I wanted an EV I had to go for the most affordable one out there so I had to use the tax credits to make it happen. I received the full $7,500 and the state $2,500. Without the tax credits I would not have purchased and EV. I looked at all the most affordable ones like the Leaf and the Chevy Bolt and even some a tad more expensive. In the end with out the tax credits I don't think I would have purchased the MINI EV without credits. My final cost on my Signature + was $28k with the tax credits. I could not afford a vehicle over $40k.
 
Martha said:
When I decided I wanted an EV I had to go for the most affordable one out there so I had to use the tax credits to make it happen. I received the full $7,500 and the state $2,500. Without the tax credits I would not have purchased and EV. I looked at all the most affordable ones like the Leaf and the Chevy Bolt and even some a tad more expensive. In the end with out the tax credits I don't think I would have purchased the MINI EV without credits. My final cost on my Signature + was $28k with the tax credits. I could not afford a vehicle over $40k.
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It will be interesting to see what happens with the price of the Bolt, GM's least expensive EV, but an EV about to be obsoleted by GM's Ultium platform.
 
insightman said:
That's a pretty good list. Because the Mustang Mach E and ID.4 are (or are about to be) built in the US, those cars will end up qualifying for the revised $7,500 federal EV tax credit--so they will be in great demand, resulting in long wait times.

Many prospective buyers were reporting up to a year wait for the Ioniq 5 and EV6, but that may get shorter now that they don't qualify for the EV tax credit. If you were previously interested in a MINI Cooper SE, you might take a look at the upcoming Ioniq 6, which is a very stylish car, not an SUV. If you place your order now, I wouldn't be surprised if you didn't have a shorter wait for an Ioniq 6 (which doesn't even have an on-sale date yet) than that for an I5 or EV6.

The RAV4 Prime has always been difficult to find.
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+1 for Ioniq 6. Not in my budget, but of the EVs I have been tracking the past two years, I think it has great looks and design. I think the pricing on the lower trim lines will be in the 40s.
 
Other EVs? Honestly nothing has gotten me excited aside for the trucks.

Anyone want to guess when they will drop prices on the SE? (To be clear, I have read nothing about this happening).

My guess is the it will be lower in January.
 
polyphonic said:
Other EVs? Honestly nothing has gotten me excited aside for the trucks.

Anyone want to guess when they will drop prices on the SE? (To be clear, I have read nothing about this happening).

My guess is the it will be lower in January.
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Maybe this will be enough to push BMW to do final assembly in Mexico or Canada, to get at least half of the tax credit. Otherwise, the SE is pretty much dead in US without a big price decrease. That would be heartbreaking.
 
polyphonic said:
Anyone want to guess when they will drop prices on the SE? (To be clear, I have read nothing about this happening).

My guess is the it will be lower in January.
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As long as the ICE MINIs are selling for the same price there won't be a price drop on the SE. Things may change when the Chinese-made models hit the market, but the extra import tax will probably negate any manufacturing cost difference.
 
Now that inflation will be rapidly contracting, we can all afford more expensive BEV’s.

To address the lack of a tax credit, I do expect MINI to bring back the Signature model and perhaps a new decontented model below the Sig. They could even call it Electric Classic or maybe even Electric One.


Sent from my iPhone using Inside EVs
 
That's the question we're dealing with now, we reserved an ID-4 about a month before the MINI and we only reserved the MINI because it was a shorter wait time. Now without the tax credit for either the ID-4 or MINI, because both are to be manufactured overseas, we're doubly screwed. We'll we reserved the '23 ID-4 as it should qualify for some tax credit or rebate.

Rather disappointed with MINI, neither the dealer or MINI reached out to us and when I contacted the dealer early last week they had heard nothing from MINI, I had previously told them I wanted to put more down and sign a contract to purchase but since we're in CA they couldn't do it with the car on the lot. VW was more communicative and did ask, where possible, for the dealers to sign a binding contract.
 
insightman said:
Face it, we are the North American outliers: drivers driving small electric cars meant to be driven. The fact that the SE has no competition in that niche doesn't bode well for BMW working to make the SE an affordable bargain again.
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My understanding is that it's not a done deal that the next gen MINI electric would even be coming to the states. The 25% tariffs on Chinese goods don't help, and now this new NA-only tax law enters the ring... let's just say I'm not holding my breath for a Cooper SE to be available at all over here in a year or two, never mind it being more affordable.
 
Well, they won’t have much choice but to switch to zero emissions across their range, so if they expect to sell a MINI Cooper 2-door in North America down the road, it will necessarily be an EV.
 
Look at it this way - if it gets to the point where new Mini's can't be sold in the US, it means that the ones we have are even more unique. It's a positive thing to say "not every Tom, Dick, and Harry drives a Mini".
 
Would you be opposed to MINI offering a 24 month lease at 0.9% APR with a residual of $23,000? That way you can find another vehicle that qualifies for the $7,500 tax credit and leaves the $4,000 used EV tax credit for someone else.
 
teslarati97 said:
Would you be opposed to MINI offering a 24 month lease at 0.9% APR with a residual of $23,000? That way you can find another vehicle that qualifies for the $7,500 tax credit and leaves the $4,000 used EV tax credit for someone else.
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The catch is that the dealer would have to be willing to sell the used SE for $25,000 or less. That's $20K less than what some dealers are now asking for a used SE (and being a used car, which never qualified for a federal EV tax credit).
 
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