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What they didn't say is how much of that gas and/or mileage expense is reimbursed or deducted from taxes. I'd expect someone driving that amount is doing it as
by elmerfud 3y ago
What they didn't say is how much of that gas and/or mileage expense is reimbursed or deducted from taxes. I'd expect someone driving that amount is doing it as part of their work, they're not just touring the country.
So, if you take that average of $530 with the national average of gas at $3.088/gal is 172 gallons a month. The average SUV is getting 16 mpg so that's 2752 miles. Now the IRS deduction rate is $0.655/mile so that's $1802 deduction or reimbursement or combination of the two... Every month... Compared to the $530 expense.
Do we really need another government incentive? Because according to this information, even if they're not getting a mileage based deduction or credit they already have a $360/month incentive to get an EV and don't want it. Pretty sure if someone told me that I could make a lateral move and get an extra $360 I'd do it.
Feels like another excuse for a government program to drain money away from people good at math.
- deleted 3y ago[deleted]