DOES THE TESLA MODEL Y $13K CUT & $7.5K FED TAX CREDIT MOTIVATE US TO SELL OUR BELOVED GENESIS GV60?

EV Channels Review

This video explores the compelling financial incentives surrounding the Tesla Model Y, specifically a $13,000 price cut combined with a $7,500 federal tax credit, prompting a re-evaluation of the family's Genesis GV60. Despite the significant savings, potentially totaling over $20,000, the reviewer's wife, Kathy, ultimately decides against trading in her GV60. The primary reasons cited are the substantial financial loss incurred on the GV60 (a $23,000 loss on a $75,000 out-of-pocket cost) and a preference for the GV60's premium feel and comfort for daily driving, even acknowledging the Model Y's superior charging network. The reviewer also touches upon the declining resale value of EVs, particularly Tesla's own Model S, and the challenges with Tesla's trade-in process. The decision is to keep the GV60 and address the issues with the Model S, rather than acquire a Model Y.