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A lot of people buying $78000 cars (even if $68000 with discounts) don’t qualify for the credits. I know I don’t.
by dkasper 3y ago
A lot of people buying $78000 cars (even if $68000 with discounts) don’t qualify for the credits. I know I don’t.
- 1970-01-01 3y agoIMHO, the fed restrictions are extremely fair. Anyone that is unable to meet these requirements should not get a $7500 discount. https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after https://www.irs.gov/credits-deductions/credits-for-new-clean...
- bombcar 3y agoThe biggest requirement is that you have $7500 in taxes to offset with the credit, afaik it’s not refundable.
- 1970-01-01 3y agoThat was the old credit. The new credit is just a big rebate check. Many manufacturers just discount the price of the vehicle by this much and pocket the check. It will begin January 1st 2024.
- pfannkuchen 3y agoWhy not? The incentive is intended to increase EV adoption, not to help people buy cars generally. I don’t see how extending the incentive to all income levels would work against the goal.