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What BYD seems to be doing in spain is the following. cost wise they are no cheaper than the other cars. What they do is front you the government subsidies for
by christkv 3y ago
What BYD seems to be doing in spain is the following. cost wise they are no cheaper than the other cars. What they do is front you the government subsidies for evs so the car is cheaper. What happens if you don’t qualify for it in the years it takes to process the subsidy. Who knows? Do they write it off or does the ccp cover it as a defacto state subsidy from China?
- chrisjc 3y agoThe Point-of-sale tax credit (effectively what you are describing) for qualifying new EVs is now live in the US too. Whether you actually qualify or not is matter that is taken up between you and the IRS. I believe that if at the end of the year you don't qualify after taking the POS tax-credit, you owe that amount to the IRS. (or at least can't use that amount as a write-off) I imagine it would be the same in Spain, ultimately not the responsibility of the EV manufacturer (assuming they provide all of the relevant tax documentation).