4 ms·
I lost the previous $7500 EV tax credit thanks to the IRA kicking in before my ordered (and overseas manufactured) EV arrived. If my household is successful en
by danans 4y ago
I lost the previous $7500 EV tax credit thanks to the IRA kicking in before my ordered (and overseas manufactured) EV arrived. If my household is successful enough financially the next few years I won't qualify for the new credit due to income limitations, but only by a few ten thousands in gross income over the limit.
Sure, it kind of sucks to miss out on thier, but I'm still glad that the IRA passed and that the benefits are targeted at people making half what my household makes. It's time for mass EV adoption, not just EV adoption for the upper middle class and above.
- saddd 4y agoI barely qualified for a previous state credit within $1000 of the cutoff, right before more than doubling my income during the pandemic industry craziness. I think cutoffs that don't scale or prorate somehow are so ridiculous. There's no reason to make things all-or-nothing. The criteria should still give you something if you're rich, even if it's $1, so everyone else in the band doesn't get screwed.