4 ms·
The tax credit is hard to pass up!
by ripper1138 3y ago
The tax credit is hard to pass up!
- themitigating 3y agoIn CA there's a state tax credit that is equal to the federal which makes it insane to pass up
- currio 3y agoDoesn't California have a income limit for tax credit eligibility? 135k for single income and 200k if you are jointly filing?
- bonestamp2 3y agoThe federal credit has an income limit too. I don't like that there is an income level cutoff. Hear me out... a single person with an income of $299k living in Nebraska has way more expendable income than a single income family with 4 kids with an income of $299k living in the bay area.
- hedora 3y agoYou can lease a kia or hyundai for one month, then buy it, and get the federal credit, regardless of income. In order to bypass the made in America restrictions, they take the commercial fleet credit, then pass it on to you.
- currio 3y agoIs that right? If you lease and buy you get federal credit regardless of the income? Does it apply to any manufacturer?
- themitigating 3y agoYes. This happens with alot of subsidies but how would you determine what a person should receive? People could have multiple children, debt, sick relatives, etc. Maybe that 300k person in Nebraska had 20 kids or something. Using the area as a measurement is complex
- bonestamp2 3y ago> how would you determine what a person should receive? If it's truly an incentive, incentivize everyone. I know people who make $1 million/year who will argue over $10. $7500 would absolutely affect their behavior even though they can afford an EV without it.
- brucethemoose2 3y agoDoes it apply to the Model X? Environmental subsidies on a $100k car doesn't seem quite right... Doubly so if it applies to stuff like the Hummer EV.
- bee_rider 3y agoAlthough, every Hummer that is replaced by a Hummer EV is a pretty big win.
- brianwawok 3y agoFederal does not
- themitigating 3y agoNo, 45k for cars and 60k for pickups , suvs, minivans. https://cleanvehiclerebate.org/en/eligibility-guidelines https://cleanvehiclerebate.org/en/eligibility-guidelines But just to add to a reply. A Hummer EV charged with renewables is better than an SUV as long as it lasts more than x miles . Obviously there's complexity about what it's replacing, where that goes blah blah
- omnimus 3y agoIt is truly insane that its 15k more for large cars. Afaik its really bad that everyone has big cars when they absolutely dont need them. No matter if they are EVs they are still lot less efficient… Seems like this could have been incentive for people to go back to normal sized cars - it should have been same or even more for cars than for large vehicles.
- mensetmanusman 3y agoIt helps create the economies of scale to make the supply chain more likely to support lower costs later.
- frumper 3y agoThe Central Valley in California has another tax credit on top of that too.