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Comment by AnishLaddha | Hacker News Reader

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.

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

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?

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.

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

I think the vehicle rebates are so such people can have a car to sleep in. /s

What rebates add up to $15k?

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

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