Think Relies on EV Tax Incentives For So-Called Model Year Clearance

Always wanted a little electric runabout for your around-town errands? Well, the folks at Think may have a deal for you! During the company’s model year inventory clearance, you can apparently bring home a brand-new Think City electric for the low, low price of $17,995 (including destination charges). For those keeping score at home, that’s more than half-off the car’s typical $36,495 base price.

Sound like the sale of the century? In reality, it isn’t exactly a sale. A number of government rebates essentially whittle down the standard MSRP to the slightly more attractive $18k figure. The federal tax credit accounts for $7500, while a credit from Think itself -- apparently only available to owners who live in states that offer state-level tax incentives for EVs -- accounts for another $4000. If you’re lucky enough to live in Oregon, you can whittle another $7000 from that figure thanks to a state-level tax credit, bringing the figure to a tidy $17,995.

The diminutive two-seat hatchback is propelled by a 34 -kW traction motor, and offers drivers a top speed of 70 mph and a range of around 100 miles. Interested? Think’s website allows you to glance over its entire inventory of vehicles (each adorably named like Zipcar’s fleet pools). Those already snatched up by customers wear an “I’m Taken” ribbon.

Source: Think

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