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All right. So, here I am. Last but not
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least, Tesla out of Wisconsin, Long
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Island. Drove out here because I'm
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actually going to the Tesla Science
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Center to film a couple of videos for uh
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my personal channel, Dave and Kathy
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Unplugged. But I can already tell you
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what these guys are going to say.
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They're going to say, "You should buy a
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Tesla today." Because they're telling
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everyone to buy a Tesla today. I don't
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even need to go in there, but I'm going
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to anyway. Today we're here to talk
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about the EV tax credit and the big so
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not beautiful bill for those of you who
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may be thinking about buying an EV
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because guess what? If you qualify for
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the $7500 federal tax credit, it's going
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away, folks. As of September 30th, you
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don't have to place an order before
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September 30th in order to be eligible.
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You got to take delivery of an eligible
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EV before September or on September 30th
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or before. Otherwise, you're not going
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to get that tax credit. There's a lot to
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consider here, but let's focus on what
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are the vehicles that are eligible
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today. Let's go to each of the
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dealerships. Let's ask what the strategy
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should be. I have a feeling I'm going to
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know what the the answer is going to be.
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There's going to be a spike in demand
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between now and September 30th. And all
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these sales guys, if they're not telling
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me to go and buy it today and take
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delivery today because supplies will be
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down and all that, you know, I'd be
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shocked if they don't sit there and push
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me into buying one literally today. But
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you know what's going to happen after
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September 30th? Oh man, there is going
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to be I mean the manufacturers are going
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to have to lower pricing. There's soft
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sales as it is and now all of a sudden
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this is coming into play. So again, for
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those of you who don't are not eligible
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for the federal tax credit, that's okay.
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I mean, you need to still watch this
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video and understand what's going on
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because the the change in this rule is
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going to impact and it should impact
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your buying decision, at least the
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timing of when you go and buy the car or
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the decision. Do you buy or lease?
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[Music]
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Welcome to another episode of Out of
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Spec Dave, where today I'm at the Colony
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Grill here in Stamford. Those that know,
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you know. Look it up. Actually, last
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week I was down in in St. Petersburg and
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we had pizza at the Colony down there
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and it was just as good as the original
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here in Stanford. So, there are 12
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manufacturers, 20 different models that
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qualify today. And I'm going to be going
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to every single dealership andor Tesla
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um that actually is selling these
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models. There's a total of 20 models
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across 12 manufacturers. And I want to
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ask them at these dealerships what they
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think your motivation, your strategy
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should be. So, here's what I'm going to
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say. I think there's a lot of
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opportunity potentially depending on
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your situation to take advantage of the
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fact that this this tax credit is still
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there today. And I also think there's
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potentially some opportunity for those
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of you who maybe don't qualify for that
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federal tax credit to wait. So, we're
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going to get into this today and let's
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uh let's go to dealerships and check it
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out. Today's video is sponsored by 3W
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floor mats. You may have seen them about
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a month ago. So, one of the reasons I
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came down to Stanford, Connecticut, is
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because we've got Hyundai, we've got
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Ford, oh boy, Mustang GT, not an EV. Um,
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by the way, the Mustang Maki not
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eligible for the federal tax credit.
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I'll go over all that in a second here,
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but right here within Stanford, we've
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got almost all of the manufacturers
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located. And I'm just going to hop from
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each one of them, go in and sort of like
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I don't want to say ghost shop, but I
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want to I want to ask questions about
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what should I as a consumer do today. Um
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and see what each one of them says. I'm
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not going to put them on camera. I'm
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going to have a conversation. I'll come
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back and I'll I'll report to you each.
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But um yeah, so the question really is
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uh what should you be doing with respect
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to this situation with the EV tax credit
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going away? Now, originally the EV tax
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credit was slated to go away. I think it
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was 2032 under the um IRA act, but boy
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oh boy, it's things have changed, right?
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Um if you buy a car made in the US, you
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are going to be uh able to deduct the
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interest on that car. Again, check with
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your accountant, but based on income
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limitations and all of that, Ivonne is
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going to clean my floor mats here. And
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uh these people clean over 300 pairs of
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floor mats every day. and uh I'm just
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going to pick their brain to say, "Hey,
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what do you think of these floor mats?"
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They're from 3W. I got them about um I
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don't know 2 months ago or so or a month
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ago. And uh I'm just curious how they
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feel. So, let's go over and clean these
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floor mats and see what it's all about.
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Sprays them down. She actually is using
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the air gun to clean them off after she
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sprays them down rather than using a
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rag. Well, that's an interesting
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technique. I like that. All right. The
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other alternative is you can actually
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use in addition just just spray it down
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with a little soap on there and then use
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a pressure washer to hose them off
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and that way it gets all the grime right
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off of them. Just sprays them off.
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Excellent. All right. These 3W floor
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mats made out of rubber. They're not too
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firm a rubber so my heel doesn't slip on
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them to be honest on the WeatherTechs. I
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don't know about you guys, but my heel
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kind of slips on them sometimes,
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especially if I'm wearing my dress
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shoes. I asked each one of the guys
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about the, you know, how they like the
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floor mats, and they're like, you know,
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they're kind of looking at me a little
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crosseyed, but they thought they were
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pretty good, you know. I mean, look,
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they clean over 300 pairs of floor mats
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every day. I think they see some really
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junky ones. Um, and they see some good
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ones as well, but they all gave me
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thumbs up on these 3Ws. So, thanks again
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3W for sponsoring today's video. Let's
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get back to the action. The cost of some
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of these EVs have gotten so expensive.
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And you know, keep in mind for an SUV,
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the vehicle has to be $80,000 or less
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MSRP, not inclusive of the delivery
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charge, or $55,000 or less for um for a
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sedan. And so, but even so, you're
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spending 75 grand for an SUV, EV, man,
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I'll tell you, you're going to take a
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bloodbath hit. So, you may want to
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consider leasing where some vehicles
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today, and I'm I'm sure a lot of you
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know this already, but there's an
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there's a leasing loophole that even if
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the vehicle does not qualify under the
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current rules for the $7,500 federal
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mandate, you might be able to get that
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if the manufacturer passes it on to you
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as the consumer um for a vehicle that's
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maybe not made in the United States or
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maybe the battery components uh are made
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outside of of a country where either
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either this country or or country we've
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got a free trade act with. So, you know,
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like for example, Kathy's McConn was
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close to 90 grand made in Germany. She
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got the $7,500 federal tax credit as a
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cap cost reduction on her lease. The
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other thing about leasing is that at
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least you know what you're signing up
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for from an impact, a dollar, an
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economic impact. So, there's a lot to
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consider here, but let's focus on what
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are the vehicles that are eligible
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today. Okay, so here I am in my Model 3
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Performance and let's go over the list
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of manufacturers and vehicles for each
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one of the manufacturers. Again, there
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are there are 12 manufacturers for a
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total of 20 models that do qualify right
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now for the federal uh tax credit. Um
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just quickly going over it, you've got
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um limitations as far as income. If
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you're if you're buying a new vehicle,
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it's a $7,500 federal tax credit,
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assuming that you make under $300,000 if
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you're filed uh jointly uh married and
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filed jointly, or 150k if you're uh
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filing as a single. I think it's 225 if
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you're like head of household or
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something like that. On the used
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marketplace, pre-owned, the $4,000
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federal tax credit is also going away.
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Um, and the limitations from an income
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standpoint for that is half. So, 150k
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filed jointly, 75K. and be really
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careful and maybe I'll put a link to my
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other video um with some of the
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dealerships that play games, the used
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manufacturer or used car dealerships
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that claim these advertised prices and
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then you go there and then let's say you
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make 125k as a single single uh um you
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know filer and you show up and they're
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like well that car that car is
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advertised as 14k and then they say oh
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yeah that includes the $4,000 so call
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before you go over there. Um but anyway,
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so the vehicles, um Honda Prologue,
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okay, that's eligible. The Kia has two
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models, the EV6 and also the EV9. Uh the
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EV9 is an SUV and the EV6, I don't know
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if the EV6 and Ionic 5 are classified as
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SUVs technically or not. Um but I'll
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I'll ask. I I think I mean to me they're
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not SUVs, they're cars. Um, so the Kia
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EV9 and the EV6 both qualify. Uh, the
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Hyundai Ionic 5 and Ionic 9 also
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qualify. Uh, the Ford F-150 Lightning
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only. Uh, the Mach E does not qualify
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and made in Mexico, by the way. Uh, GMC,
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the Sierra S, uh, the Sierra pickup
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truck qualifies, assuming it's under
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80K, and you got to be careful with that
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because they get expensive, these pickup
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trucks. Jeep has a fully electric wagon
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ear s that will qu uh qualify as well.
[09:37] (577.12s)
Cadillac has three models. You got to be
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careful with the higher ends. Acura has
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one vehicle um that qualifies that's
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actually basically the same vehicle as
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the um as the uh Chevy uh Blazer EV as
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well as the uh prologue and uh built on
[09:54] (594.48s)
the same platform and all of that.
[09:56] (596.64s)
Chrysler has a Pacifica plug-in hybrid
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EV that qualifies. And the reason it
[10:03] (603.20s)
qualifies is because it has a battery
[10:05] (605.84s)
pack that is larger than 7 kilwatt
[10:09] (609.12s)
hours. So, it qualifies. Um, Genesis has
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the GV70.
[10:14] (614.72s)
Uh, interestingly enough, that's
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manufactured here in the States, but the
[10:21] (621.04s)
is it doesn't qualify because it's made
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in South Korea. So, that one doesn't
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qualify. Now Tesla's got a bunch of
[10:27] (627.52s)
models that qualify. Let's start with
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the Cybert truck. You got, you know, you
[10:31] (631.76s)
got to be careful with the list price.
[10:33] (633.44s)
They have to be under 80k list, but the
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um the dual motor and the long range and
[10:39] (639.52s)
also the rearwheel drive single motor.
[10:42] (642.00s)
Um just check with Tesla. They'll tell
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you which one you can buy to get that
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7500. Again, assuming you qualify. The
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Model 3, almost all of them qualify.
[10:51] (651.92s)
Just be careful with the performance
[10:53] (653.68s)
that you don't um you don't get the uh
[10:56] (656.88s)
the list price up above 55K otherwise
[11:00] (660.48s)
you know you won't qualify. They're
[11:02] (662.00s)
always playing games Tesla with trying
[11:03] (663.60s)
to keep it under that number. And then
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finally Chevy has three models. The
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Blazer EV, the Equinox EV, which is a
[11:11] (671.44s)
great value. I got to go drive that
[11:13] (673.04s)
thing. And then um and then I I mean the
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price point's great and the range is
[11:18] (678.32s)
great. It's just that charges like dog.
[11:20] (680.72s)
Uh, and then the Silverado EV. Again,
[11:23] (683.12s)
making sure that you don't get the, you
[11:24] (684.80s)
know, the Mac Daddy one that's over 80K.
[11:27] (687.36s)
So, 20 models across 12 manufacturers.
[11:30] (690.88s)
Let's go check them out. Let's go ask
[11:32] (692.80s)
dealerships. I love going to
[11:34] (694.48s)
dealerships. This is so much fun. You
[11:36] (696.08s)
never know what's going to happen. I
[11:38] (698.00s)
think I'm going to start with GMC and
[11:40] (700.32s)
check out their pickup truck first and
[11:42] (702.32s)
sort of figure out what's the what's the
[11:44] (704.24s)
supply demand going on over there and
[11:45] (705.92s)
see what they say to me. So, let's go.
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All right. So, here we are at Minton.
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Uh, this is Mincion GMC here in
[11:52] (712.88s)
Stanford, Connecticut. And this is the
[11:55] (715.12s)
Sierra EV. Beautiful vehicle here.
[11:57] (717.84s)
Really gorgeous. Now, this one happens
[11:59] (719.60s)
to be a Denali. And so, the uh list
[12:02] (722.64s)
price of this vehicle is 92K. So, that's
[12:06] (726.32s)
not going to qualify for the federal tax
[12:08] (728.08s)
credit. It's got to be under 80K. But,
[12:10] (730.72s)
this vehicle, the model itself will
[12:13] (733.12s)
qualify as long as you uh find one under
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80K. So, let's go talk to let's go talk
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to the nice folks here at Mention and
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see what the situation is as far as the
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inventory and uh what they're
[12:24] (744.08s)
recommending to do uh between now and
[12:26] (746.64s)
September 30th with respect to the EVs.
[12:29] (749.44s)
All right. So, I just had a quick chat
[12:30] (750.72s)
with the nice folks here at Mention um
[12:33] (753.44s)
GMC. And what's interesting is they
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haven't seen any GMC uh Sierras other
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than Denali's
[12:42] (762.64s)
uh that are, you know, so they're all
[12:44] (764.08s)
like expensive, right? So, they haven't
[12:46] (766.00s)
even had one. So, I would say that the
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the impact of this federal tax credit on
[12:52] (772.00s)
that vehicle, at least for now, it's not
[12:54] (774.64s)
really going to be all that impactful.
[12:56] (776.88s)
Most people, not most people, but a lot
[12:58] (778.72s)
of people who are buying the GMC's are
[13:00] (780.40s)
getting the Denali's, um, they haven't
[13:02] (782.96s)
even seen one. Like I mentioned before,
[13:04] (784.72s)
they did have a couple. He's only got
[13:06] (786.80s)
one Hummer EV left. They've been blowing
[13:09] (789.36s)
those out on special lease deals here at
[13:12] (792.16s)
GMC. um mention in Stanford. Uh please
[13:16] (796.08s)
stop by. Super nice guys, but um yeah,
[13:19] (799.36s)
they don't have any they don't have any
[13:21] (801.36s)
Sierra um Sierra's under 80K that would
[13:24] (804.40s)
qualify. So that's that's at least this
[13:26] (806.48s)
data point. Let's go to Honda. Let's
[13:28] (808.80s)
check out the prologue. Okay, so I just
[13:30] (810.64s)
had a discussion with one of the sales
[13:32] (812.56s)
guys over here at uh Honda in Stanford,
[13:35] (815.52s)
and they've got a few of the prologs in
[13:38] (818.16s)
in stock and you can see they've got a
[13:40] (820.00s)
DC fast charger over here. Um, but one
[13:43] (823.28s)
interesting thing is, you know, they
[13:44] (824.64s)
they the guy was like, "Yeah, we don't
[13:46] (826.24s)
know what's going to happen right now,
[13:47] (827.44s)
but you're better off pouncing now and
[13:49] (829.36s)
buying now because at least you know
[13:51] (831.28s)
what you got." But one interesting angle
[13:53] (833.60s)
that I hadn't really heard before is
[13:55] (835.68s)
that with the lease, Honda does allow
[13:58] (838.16s)
you to take the uh $7,500 federal tax
[14:01] (841.12s)
credit as as a cap cost reduction. and
[14:04] (844.16s)
he said they've been flipping a lot of
[14:05] (845.68s)
people into um that have negative equity
[14:09] (849.52s)
that maybe owe more than what their car
[14:12] (852.48s)
is worth. And they're getting into
[14:15] (855.04s)
leases and not not because it's an
[14:18] (858.32s)
they're not they're not getting in
[14:19] (859.60s)
leases because it's an EV. They're
[14:20] (860.96s)
getting the leases because the
[14:22] (862.72s)
government's giving you $7,500 and
[14:24] (864.80s)
encouraging you to actually um you know
[14:27] (867.84s)
take that money and so they're burying
[14:29] (869.68s)
the negative equity in the leases. So,
[14:32] (872.08s)
that's an interesting phenomenon that I
[14:34] (874.88s)
hadn't thought about. A lot of Uber
[14:36] (876.08s)
drivers, you know, they're driving 40,
[14:37] (877.60s)
50,000 miles a year and uh and they have
[14:40] (880.88s)
all this negative equity in cars, so
[14:42] (882.96s)
they're burying it in this. That's going
[14:44] (884.56s)
away September 30th. That's going away
[14:46] (886.72s)
as well. Interesting ramification.
[14:48] (888.72s)
What's going to happen after October
[14:50] (890.32s)
1st? No official word from Honda
[14:52] (892.72s)
according to the guys here. Anyway,
[14:54] (894.16s)
let's go down the road to let's go to
[14:55] (895.92s)
Hyundai next. Let's see what they have
[14:57] (897.68s)
and what they've got going on. I just
[14:59] (899.44s)
want to say this dealership here in
[15:00] (900.96s)
Stanford is absolutely gorgeous. I
[15:02] (902.96s)
actually was driving by here for months
[15:05] (905.68s)
as they were building it. At first I
[15:07] (907.84s)
wasn't sure what they were building, but
[15:09] (909.44s)
then they put it up. So, great job.
[15:11] (911.68s)
Welcome to Stanford. I know it's a
[15:13] (913.12s)
little late for me to stop in, but uh
[15:15] (915.04s)
yeah, if you're looking for a Honda and
[15:16] (916.56s)
you're local to Connecticut, stop by.
[15:18] (918.64s)
Say hi to the good folks over at
[15:19] (919.92s)
Stamford Honda. One additional point I I
[15:23] (923.36s)
want to make is maybe it's too soon
[15:25] (925.04s)
since this announcement has happened,
[15:26] (926.72s)
but they have not seen a in like an an
[15:30] (930.64s)
influx of demand for the prologue here,
[15:33] (933.36s)
at least at this dealership uh because
[15:35] (935.36s)
of the announcement of the elimination
[15:36] (936.80s)
of the uh tax credit. I'm sure as we get
[15:39] (939.36s)
closer to September 30th, that will
[15:41] (941.20s)
probably heat up. But they haven't
[15:43] (943.12s)
really seen people coming and saying,
[15:44] (944.32s)
"Oh, I want to buy today because we I
[15:47] (947.20s)
understand the federal tax credits going
[15:48] (948.80s)
away." Um, but you know, that's possible
[15:51] (951.68s)
that'll heat up. Uh, but they they said
[15:54] (954.08s)
that, you know, good vehicles. They
[15:55] (955.76s)
offered me to do a test drive and, uh,
[15:57] (957.76s)
it looked really nice, especially the
[15:59] (959.04s)
one on the showroom floor in the color
[16:00] (960.72s)
it was in. All right, so here I am at
[16:02] (962.24s)
Stanford Hyundai. I actually bought a
[16:04] (964.48s)
couple of um, uh, Konas here, the Dave
[16:07] (967.60s)
Konas. And, uh, I know the sales
[16:10] (970.16s)
manager, I knew him really well. He
[16:11] (971.60s)
left, but since I've been here, they put
[16:13] (973.52s)
in these beautiful Charge Point DC fast
[16:15] (975.76s)
chargers over here, which is pretty
[16:17] (977.20s)
cool. So, they've uh upgraded the
[16:19] (979.36s)
infrastructure here at Stamford Hyundai.
[16:21] (981.68s)
Also, when I bought my Kona here, they
[16:24] (984.16s)
were selling Genesis at the time, but
[16:26] (986.00s)
they no longer have Genesis here. I got
[16:28] (988.08s)
to find out where the Genesis dealer is
[16:30] (990.00s)
right now, but uh yeah, we're
[16:32] (992.48s)
It's in Norw.
[16:33] (993.28s)
Oh, it's in Norw. Oh, okay. I know. I
[16:34] (994.88s)
know the location.
[16:35] (995.92s)
Hyundai. I'll help you.
[16:37] (997.44s)
Okay. Yeah, I want to talk to you about
[16:38] (998.64s)
Hyundai for sure. Yeah, absolutely. So,
[16:41] (1001.36s)
um, so look, there are two models of
[16:43] (1003.76s)
Hyundai that are eligible for the
[16:45] (1005.44s)
federal tax credit that's going away on
[16:47] (1007.12s)
September 30th. The first is the Ionic
[16:50] (1010.24s)
5. Great vehicles and also the Ionic 9.
[16:53] (1013.52s)
By the way, Stanford Hyundai also owns
[16:55] (1015.28s)
Danbury Hyundai. So, if you're up in
[16:56] (1016.88s)
that area, check that location out as
[16:59] (1019.12s)
well. But, uh, I've always been treated
[17:01] (1021.04s)
super well here at Stanford Hyundai. And
[17:03] (1023.60s)
let's see what they say about the EV tax
[17:06] (1026.56s)
credit. All right. So, I was just
[17:07] (1027.84s)
talking to a nice gentleman here at
[17:09] (1029.20s)
Stanford Hyundai. Um the uh Genesis
[17:12] (1032.24s)
dealer is actually a temporary location
[17:14] (1034.96s)
in Norwok and they're in the process of
[17:16] (1036.80s)
building the um the dedicated Genesis
[17:20] (1040.40s)
dealer. I'm probably not going to go up
[17:21] (1041.92s)
to that dealer or maybe I'll hit one. I
[17:23] (1043.44s)
got to go out to uh film for the Dave
[17:25] (1045.52s)
and Kathy uh Unplug channel out at the
[17:28] (1048.24s)
Tesla Science Center for an event
[17:29] (1049.76s)
tonight. So, I'm I'm going to be heading
[17:31] (1051.84s)
out to Long Island. But here's the deal.
[17:33] (1053.92s)
They've got about 30 between this
[17:36] (1056.56s)
location and Danbury. They've got about
[17:38] (1058.96s)
30 Ionic fives in stock. Probably 15 to
[17:41] (1061.60s)
20 Ionic 6es in stock and they've got
[17:44] (1064.00s)
nine Ionic 9ines. They haven't seen an
[17:47] (1067.44s)
influx yet of people coming in saying,
[17:50] (1070.00s)
"Hey, I want to buy or you know lease a
[17:54] (1074.48s)
uh a vehicle because the EV tax credit
[17:56] (1076.56s)
is going away." It's probably like
[17:59] (1079.04s)
Honda. It's probably people are
[18:01] (1081.04s)
processing this information now. Um, but
[18:04] (1084.00s)
look, you know, you got to think about
[18:05] (1085.28s)
it. If you do want to get one, what I
[18:07] (1087.20s)
would say is it sounds like at least
[18:08] (1088.64s)
here at Hyundai of Stanford and Danbury,
[18:10] (1090.72s)
the combined inventory, you're going to
[18:12] (1092.16s)
have pretty good selection. Things might
[18:13] (1093.60s)
get a little spice uh uh sparse
[18:17] (1097.04s)
uh between now and and uh September 30th
[18:20] (1100.96s)
as more and more people wake up and get
[18:22] (1102.96s)
incentivized to actually take advantage
[18:24] (1104.88s)
of the um of the tax credit. Now, the
[18:28] (1108.00s)
thing about the Ionic 6 is the IonX 6 is
[18:31] (1111.92s)
not made here in the United States. It's
[18:33] (1113.52s)
not eligible for the $7,500 federal tax
[18:36] (1116.32s)
credit. Um, both the Ionic 5 and the
[18:40] (1120.00s)
Ionic 9 are made down at the forget what
[18:43] (1123.04s)
they call it, the Mega Plant or
[18:44] (1124.40s)
something like that in uh in Georgia.
[18:46] (1126.88s)
So, that's why those two qualify, but
[18:49] (1129.44s)
the Ionic 6 does not. So, anyway, that's
[18:52] (1132.96s)
it from Hyundai Stanford. They haven't
[18:55] (1135.68s)
seen a spike in sales because of the uh
[18:57] (1137.92s)
elimination, the announcement of the
[18:59] (1139.36s)
elimination, but uh stay tuned. All
[19:01] (1141.92s)
right, so I just spoke to Tom. Great
[19:03] (1143.76s)
guy. Awesome. Tom, so nice to meet you
[19:05] (1145.60s)
here at Stanford. I can't believe we
[19:06] (1146.88s)
didn't meet earlier, but in any event,
[19:08] (1148.80s)
here at Ford, it's you know, we had a
[19:11] (1151.12s)
nice chat about the ramifications of the
[19:13] (1153.04s)
tax. Um most of the people that are
[19:15] (1155.12s)
buying the u the F-150s, you know, they
[19:18] (1158.00s)
they understand that's really the only
[19:19] (1159.44s)
vehicle they have for a purchase that
[19:21] (1161.52s)
you can get the 7500 federal tax credit.
[19:24] (1164.00s)
One of the things that I was talking to
[19:25] (1165.52s)
Tom about is the infrastructure, the
[19:27] (1167.36s)
investment that they had to make here
[19:29] (1169.12s)
for um to be able to service the EVs. It
[19:31] (1171.76s)
was a big investment, probably a lot of
[19:34] (1174.40s)
money. I didn't really ask exactly how
[19:36] (1176.08s)
much, but you know, being able to put in
[19:38] (1178.24s)
the infrastructure, the charging, um all
[19:41] (1181.04s)
the the proper tools that they need to
[19:43] (1183.92s)
to actually service the vehicles, they
[19:46] (1186.08s)
don't really see anybody rushing in to
[19:47] (1187.84s)
get the uh the F-150 Lightnings as a
[19:50] (1190.24s)
result of the announcement. Seems to be
[19:52] (1192.16s)
a common theme. Let's see what happens.
[19:54] (1194.56s)
Maybe when we get to September 15th,
[19:56] (1196.96s)
maybe I'm making this video a little too
[19:58] (1198.48s)
premature. But in any event, great time
[20:00] (1200.88s)
over here at Stamford Ford. I got to
[20:03] (1203.12s)
keep pushing it. Next stop, I think
[20:04] (1204.96s)
we're going to go over to Acura and
[20:07] (1207.68s)
we're going to keep Oh, and Kia. We got
[20:09] (1209.68s)
We have so much to do. Let's keep going.
[20:12] (1212.24s)
All right. So, I just met with Nick,
[20:13] (1213.76s)
who's the general sales manager here at
[20:15] (1215.52s)
Stamford Kia, and he said something that
[20:19] (1219.04s)
I was expecting to hear, but haven't
[20:21] (1221.68s)
heard yet. He said, "Absolutely. People
[20:24] (1224.32s)
are coming in saying we need to get an
[20:26] (1226.72s)
EV6 or an EV9." And uh he seen
[20:29] (1229.92s)
specifically people saying that they're
[20:32] (1232.72s)
motivated to buy or lease an EV6 or an
[20:36] (1236.32s)
EV9 now because of the uh elimination of
[20:40] (1240.40s)
the tax credit coming later this year.
[20:42] (1242.96s)
So that's the first dealership that said
[20:45] (1245.20s)
that they've seen it. Maybe the Kia
[20:48] (1248.24s)
clientele are just more in tune with
[20:50] (1250.88s)
what's happening in the world and
[20:52] (1252.00s)
jumping on it. Um, they have quite a few
[20:54] (1254.64s)
in stock, so it's not as if there's a
[20:56] (1256.72s)
run on the inventory, but Nick said for
[20:59] (1259.84s)
sure people are coming in specifically
[21:02] (1262.08s)
asking. So, there you have it. Kia
[21:04] (1264.16s)
Stanford data point, first data point,
[21:06] (1266.96s)
demand is high. One good thing here
[21:10] (1270.08s)
obviously, uh, CP250s. Look at that
[21:12] (1272.72s)
charge point. Kia Stanford putting in
[21:16] (1276.00s)
the infrastructure. DC fast chargers.
[21:18] (1278.40s)
Love it. These are the exact same units
[21:20] (1280.40s)
that were over at uh the Hyundai
[21:22] (1282.24s)
dealership in Stanford as well. So,
[21:24] (1284.40s)
looking good. So, here I am at Stamford
[21:26] (1286.64s)
Acura. So, this dealership is uh
[21:28] (1288.96s)
relatively new and oh wow, look at this
[21:31] (1291.84s)
Defender. Defender. Beautiful. Sitting
[21:35] (1295.52s)
here, Kyle. Anyway, they've got a little
[21:38] (1298.08s)
bit of infrastructure right here with
[21:39] (1299.52s)
the blink. Uh, but the reason I'm here
[21:41] (1301.68s)
is because the ZDX
[21:44] (1304.64s)
does qualify for the federal tax credit
[21:47] (1307.04s)
as long as you don't speck it with the
[21:48] (1308.56s)
nice and spicy one that goes up over
[21:51] (1311.04s)
80K. But, uh, I'm going to go in and
[21:53] (1313.20s)
talk to these guys and see if it's
[21:54] (1314.88s)
impacting the demand. I'm probably sure
[21:57] (1317.68s)
it's not, but let's see. Well, this is
[22:00] (1320.16s)
just an aside, but this is the last
[22:01] (1321.68s)
thing I thought I would see at this
[22:02] (1322.88s)
Acura dealership. Look at this H1
[22:05] (1325.52s)
sitting out front in the garden bed. Oh,
[22:09] (1329.44s)
man. That is sweet. I love this thing. I
[22:12] (1332.72s)
don't know. Maybe I don't think it's for
[22:14] (1334.40s)
sale. Maybe it's Maybe it is. But, uh,
[22:17] (1337.68s)
Savage built. This is beautiful.
[22:21] (1341.28s)
AM General. Oh, yeah. Oh, look right
[22:25] (1345.20s)
over here. A ZDX. Actually, probably in
[22:28] (1348.56s)
for service cuz it's already got a
[22:29] (1349.92s)
license plate on it. But that is the
[22:31] (1351.76s)
vehicle of choice here at Acura. So, I
[22:34] (1354.56s)
just spoke to one of the salespeople
[22:35] (1355.92s)
here at Acura Stanford and uh they've
[22:38] (1358.56s)
sold some ZDXs, but most are, you know,
[22:42] (1362.24s)
pretty expensive, may not even qualify,
[22:44] (1364.16s)
I think, over the 80k, but um you know,
[22:47] (1367.44s)
it's not a it's not a big demand
[22:48] (1368.88s)
vehicle. Good vehicle. Um but, um he
[22:52] (1372.64s)
hasn't had anyone come in as a result of
[22:54] (1374.96s)
the $7,500 federal tax u being
[22:58] (1378.32s)
eliminated coming in specifically
[22:59] (1379.92s)
asking. So, you know, I not surprising.
[23:03] (1383.12s)
I would have thought that. So, on to the
[23:05] (1385.52s)
next dealership. All right, so I just uh
[23:08] (1388.16s)
had a great time with the sales manager
[23:09] (1389.92s)
over here in Greenwich at the Cadillac
[23:12] (1392.48s)
uh dealer. Um they he showed me an IQL,
[23:15] (1395.84s)
which was very cool. It's got the cutout
[23:17] (1397.60s)
cutout in the back. Um Escalade IQL, I
[23:20] (1400.72s)
should have said. Uh but that is uh not
[23:24] (1404.80s)
that does not it's not eligible for the
[23:27] (1407.92s)
uh $7,500 federal tax credit. Nobody has
[23:30] (1410.80s)
walked in to Greenwich, Connecticut
[23:32] (1412.80s)
specifically saying, "Oh, wow. The uh
[23:35] (1415.44s)
tax credit's going away. I better buy my
[23:38] (1418.32s)
Optic or my Lyric or my Vistic, you
[23:41] (1421.76s)
know, today." Um, you know, he believes
[23:45] (1425.92s)
that there will be increased demand. He
[23:48] (1428.08s)
believes that there will be a u increase
[23:51] (1431.76s)
in in in the demand and his his
[23:53] (1433.76s)
inventory will deplete. So, he's got a
[23:55] (1435.36s)
decent inventory of all the icks here
[23:57] (1437.92s)
right now. And um I just saw the the
[24:02] (1442.08s)
Vistic, the really nice one with like
[24:04] (1444.80s)
the baseball glove leather, just a
[24:07] (1447.52s)
beautiful vehicle. Uh but uh yeah, the
[24:10] (1450.24s)
Vistic it actually if you if you don't
[24:12] (1452.16s)
kill it with the options, it starts at
[24:14] (1454.72s)
$799.99 somewhere around there. So it
[24:17] (1457.20s)
does qualify, but as soon as you start
[24:19] (1459.04s)
putting things onto it, then it doesn't
[24:20] (1460.88s)
qualify. So if that matters to you and
[24:23] (1463.36s)
you're in the market for a Vistic, um
[24:25] (1465.52s)
just be careful with that. Otherwise,
[24:27] (1467.84s)
yeah, the other the optic and the lyrics
[24:30] (1470.88s)
um yeah, they've they've got a number of
[24:32] (1472.56s)
them right here. So, but uh they oh boy,
[24:35] (1475.84s)
they have a gorgeous um Escalade in the
[24:39] (1479.68s)
in the showroom there. Uh I mean, just
[24:41] (1481.52s)
beautiful. So, anyway, uh I got to keep
[24:44] (1484.32s)
going. This day is is uh it's getting
[24:46] (1486.56s)
shorter and shorter. Just want to say a
[24:48] (1488.32s)
quick thank you to Tracy, the sales
[24:49] (1489.68s)
manager here at Greenwich Cadillac.
[24:52] (1492.08s)
Great guy. Um car guy and uh an EV guy
[24:56] (1496.08s)
as well. So very knowledgeable. Uh go
[24:59] (1499.04s)
in. The whole staff here is just
[25:00] (1500.72s)
tremendous at uh I mean really they got
[25:03] (1503.60s)
they got a lot of lot of inventory. So
[25:06] (1506.08s)
uh come on over, cut your deal. But
[25:08] (1508.16s)
yeah, lot of lot of good choices here
[25:10] (1510.40s)
Cadillac and Greenwich. All right. So
[25:12] (1512.00s)
before I take off to Long Island, uh
[25:14] (1514.24s)
where I'm going to be meeting actually
[25:15] (1515.92s)
going over to the Tesla, one of the
[25:17] (1517.44s)
dealers out there. I'm not sure which
[25:18] (1518.72s)
one yet, but um Tracy, who is the
[25:21] (1521.60s)
manager over here at Greenwich, was
[25:23] (1523.20s)
telling me they also own uh Greenwich uh
[25:25] (1525.92s)
Cadillac, they also own Maritime
[25:27] (1527.84s)
Chevrolet in Fairfield, Connecticut. and
[25:31] (1531.36s)
he said while there hasn't been uh the
[25:34] (1534.88s)
demand coming in here as a result of the
[25:37] (1537.44s)
news of the federal tax credit being
[25:39] (1539.28s)
eliminated to come in and buy whatever
[25:41] (1541.92s)
ick has your fancy uh optic l or vistic
[25:47] (1547.92s)
um at Chevy they he said they definitely
[25:51] (1551.28s)
have seen an uptick so that's
[25:53] (1553.20s)
interesting um did not see that at at
[25:56] (1556.00s)
Hyundai but Kia said that um and again
[25:58] (1558.48s)
these are just one little data point So,
[26:00] (1560.48s)
not saying this is the way it is for the
[26:02] (1562.00s)
whole country, but Chevy and Fairfield
[26:04] (1564.40s)
Maritime, uh they're definitely seeing
[26:06] (1566.32s)
an increase in demand as a result of the
[26:08] (1568.56s)
news about the elimination of the
[26:10] (1570.48s)
federal tax credit. That's for the uh
[26:12] (1572.96s)
three models that they sell over there.
[26:14] (1574.56s)
I don't know if there is if they're
[26:16] (1576.56s)
being driven more for the Equinox
[26:18] (1578.16s)
because it's a it's a you know very
[26:20] (1580.00s)
inexpensive great value model or is it
[26:23] (1583.04s)
for the Blazer EV uh Equinox EV, Blazer
[26:26] (1586.64s)
EV, or if it's for the Silverado EV? But
[26:29] (1589.36s)
in general, Tracy's comment was they're
[26:31] (1591.52s)
seeing people coming in and uh and
[26:33] (1593.92s)
acting now. So, you know, I think it's
[26:36] (1596.16s)
smart uh in the sense that if you if you
[26:38] (1598.48s)
know what you can get today and the
[26:40] (1600.88s)
numbers work for you, uh you're going to
[26:42] (1602.80s)
have a pretty good choice of of
[26:44] (1604.96s)
inventory selection. Uh if you wait
[26:47] (1607.28s)
until September 15th or September 29th,
[26:50] (1610.32s)
you may have a limited selection as far
[26:52] (1612.08s)
as what you're able to get. Um, we also
[26:55] (1615.52s)
believe Tracy and I were talking about
[26:57] (1617.28s)
this, there probably will be an
[26:59] (1619.28s)
increase, definitely an increase in
[27:00] (1620.56s)
demand and then a lull and then things
[27:02] (1622.40s)
will f figure out. Uh, they'll level out
[27:05] (1625.28s)
maybe in uh, it may take until 2026. Um,
[27:08] (1628.80s)
so anyway, keep all that in mind, Tracy.
[27:11] (1631.28s)
Thanks. Good seeing you, my friend. I
[27:12] (1632.80s)
can already tell you what these guys are
[27:14] (1634.40s)
going to say. They're going to say you
[27:16] (1636.88s)
should buy a Tesla today because they're
[27:19] (1639.92s)
telling everyone to buy a Tesla today. I
[27:22] (1642.80s)
don't even need to go in there, but I'm
[27:25] (1645.04s)
going to anyway. Um, listen, they're
[27:28] (1648.00s)
they're reaching out to everybody and
[27:29] (1649.84s)
they're saying on September 30th, this
[27:32] (1652.64s)
tax credit is going away and if you want
[27:35] (1655.12s)
to buy a Tesla, now's the time. So, the
[27:38] (1658.40s)
only thing is there are a lot of
[27:41] (1661.44s)
different models that qualify for the
[27:44] (1664.00s)
the uh $7,500 federal tax credit as long
[27:47] (1667.28s)
as you do. some of the some of the
[27:49] (1669.20s)
Cybert trucks, the Model 3s, except be
[27:51] (1671.36s)
careful with the performance. And then
[27:53] (1673.04s)
also Edny, including Wow, that Honda
[27:56] (1676.56s)
CRV. Holy smokes, that guy's ripping it.
[27:59] (1679.36s)
Anyway, um yeah. So, so look, there's no
[28:03] (1683.28s)
shortage of vehicles here. I mean, it's
[28:05] (1685.60s)
insane. The lot is just full of Model
[28:10] (1690.08s)
Y's and Model 3s. Let's go in and see
[28:12] (1692.64s)
what they have to say for themselves
[28:13] (1693.92s)
here at Tesla. But I think I know. All
[28:16] (1696.08s)
right. So, here we are in Wisconsin and
[28:19] (1699.36s)
the Model X does not qualify. They
[28:22] (1702.16s)
raised the price and on the on the
[28:24] (1704.48s)
refresh Model X they had the uh fourth
[28:27] (1707.20s)
generation. That's uh that's actually
[28:30] (1710.40s)
upwards of $89,000
[28:32] (1712.96s)
to start. So, no more $7995 Model X's.
[28:37] (1717.36s)
Those are gone. As a matter of fact,
[28:38] (1718.80s)
they've been gone for quite a while.
[28:40] (1720.08s)
They've been based at 84 or 85. So, they
[28:43] (1723.60s)
just raised them. But uh yeah, this
[28:45] (1725.52s)
white white looks pretty sweet. And
[28:49] (1729.76s)
yeah, I mean it's it's going to be
[28:51] (1731.12s)
interesting. So you the only Model 3
[28:54] (1734.32s)
performance that would qualify is if you
[28:57] (1737.04s)
get it in stealth gray. Any other collar
[28:59] (1739.20s)
color combination will throw it over the
[29:01] (1741.52s)
edge. So I'm happy I got my my uh
[29:04] (1744.96s)
stealth my actually what am I saying?
[29:06] (1746.88s)
The quicks in uh in the performance. I
[29:10] (1750.96s)
was actually able to get the FSD with
[29:14] (1754.40s)
the $8,000, but then they gave me the
[29:17] (1757.52s)
free color on the paint. So, my car
[29:20] (1760.32s)
listed at $54,990 and I was able to get
[29:22] (1762.72s)
the federal tax credit. But let's go
[29:24] (1764.64s)
ahead outside and check out the
[29:26] (1766.88s)
different vehicles that are out there.
[29:29] (1769.12s)
Yeah. So, here are all the Model 3s. And
[29:32] (1772.32s)
man oh man, do they have a lot of them
[29:34] (1774.40s)
over here just lined up in the sconcet.
[29:39] (1779.44s)
and and they they're all over here as
[29:43] (1783.76s)
And then over here we start the Model
[29:49] (1789.60s)
And there's just tons of Model Y's as
[29:52] (1792.88s)
well everywhere you look.
[29:55] (1795.76s)
Lots and lots of Teslas here. So they
[29:58] (1798.72s)
have it looks like four Cyber Trucks
[30:02] (1802.40s)
here. Four or five. So, the long range
[30:05] (1805.44s)
Cybert truck, the rear wheel drive,
[30:07] (1807.36s)
those two models will definitely
[30:08] (1808.80s)
qualify. The tri motor does not qualify.
[30:12] (1812.64s)
That's over the edge. That's over the
[30:14] (1814.72s)
top. So, but you look, you know, if
[30:17] (1817.76s)
you're uh if you're looking to get a
[30:20] (1820.16s)
Tesla Model 3,
[30:23] (1823.12s)
Model Y, or a couple of the variants of
[30:27] (1827.68s)
the Cybert truck, that's what you can
[30:30] (1830.24s)
take advantage of. So, jump on it.
[30:32] (1832.56s)
Unless you think that after September
[30:35] (1835.60s)
30th, Tesla's going to do something to
[30:37] (1837.76s)
lower the price even more. All right, so
[30:39] (1839.52s)
as I'm walking out of Tesla here in
[30:42] (1842.24s)
Smithtown, let's just summarize the this
[30:44] (1844.96s)
video that we shot today, which is,
[30:48] (1848.72s)
you know, this tax credit that will be
[30:50] (1850.40s)
going away in September. Uh I did not go
[30:53] (1853.28s)
to Chrysler, uh Pacifica,
[30:56] (1856.56s)
the plug-in hybrid, there aren't that
[30:59] (1859.04s)
many of them out there. Um, it's not a
[31:01] (1861.12s)
high volume car. The Jeep Wagon Ear S.
[31:04] (1864.64s)
Um, I did not get a chance to go over
[31:07] (1867.12s)
there and I do need to get over to the
[31:08] (1868.72s)
Tesla Science Center. And then also what
[31:12] (1872.40s)
other vehicle? Oh, Genesis. It's only
[31:14] (1874.72s)
the GV70 electrified because the GV60.
[31:18] (1878.16s)
So those with the exception of those
[31:20] (1880.08s)
three vehicles. Let's summarize what we
[31:22] (1882.16s)
found today. It does not seem on
[31:25] (1885.20s)
average,
[31:26] (1886.96s)
with the exception of three brands, that
[31:30] (1890.00s)
people are running out and buying
[31:33] (1893.04s)
vehicles today because of the tax
[31:35] (1895.84s)
credit, the knowledge that the tax
[31:37] (1897.76s)
credit is going to be eliminated. Um, it
[31:40] (1900.96s)
seems that anecdotally, granted from
[31:43] (1903.20s)
just one small dealership in Stanford,
[31:45] (1905.44s)
Connecticut, Kia, they are definitely
[31:50] (1910.00s)
coming in and saying, "We want to get
[31:52] (1912.16s)
the vehicle." Um, and we're incentivized
[31:54] (1914.64s)
to do that now for the for the EV6 and
[31:57] (1917.36s)
the EV9.
[31:59] (1919.20s)
Um, according even though I didn't go to
[32:01] (1921.36s)
the Chevy dealership, um, my buddy over
[32:04] (1924.96s)
at at uh, Greenwich Cadillac told me
[32:07] (1927.84s)
that people are definitely going in and,
[32:11] (1931.04s)
uh, and accelerating their purchases on
[32:13] (1933.60s)
whether it's an Equinox or a Blazer. I'm
[32:15] (1935.44s)
not sure about the Silverado, but
[32:17] (1937.12s)
definitely on the Equinox and the
[32:18] (1938.40s)
Blazer. And they're stating the reason
[32:20] (1940.96s)
for that is because of the uh, tax
[32:23] (1943.68s)
credit elimination on September 30th.
[32:26] (1946.48s)
And then Tesla, they're not shy. They're
[32:28] (1948.96s)
saying, "Hey guys, this thing's going
[32:30] (1950.88s)
away. Come on in and buy your car now."
[32:33] (1953.12s)
They're sending emails. They're tweeting
[32:34] (1954.64s)
it out or exing it out or whatever you
[32:36] (1956.24s)
want to call it. So, that is the current
[32:38] (1958.40s)
state of affairs. Um, again, thank you
[32:41] (1961.36s)
3W Floor Maps for sponsoring today's
[32:43] (1963.52s)
video. Really appreciate that. And, uh,
[32:46] (1966.00s)
you know, check them out. They, uh, the
[32:47] (1967.84s)
the ones I have, I love them for my
[32:49] (1969.52s)
Model 3. So, thanks again for watching
[32:51] (1971.76s)
another episode of Out of Spec Dave.
[32:53] (1973.44s)
We'll catch you on the next one. Take
[32:54] (1974.80s)
care now. Bye-bye.
[32:57] (1977.87s)
[Music]