4 ms·
>The sale qualifies only if: >You buy the vehicle from a dealer. This is such an annoying part of the tax incentive. It's a huge, pointless gift to car deale
by mtlynch 1y ago
>The sale qualifies only if:
>You buy the vehicle from a dealer.
This is such an annoying part of the tax incentive.
It's a huge, pointless gift to car dealers (who need no help) because it means they don't have to compete for price with private sellers or buyers. If I have a used EV to sell, I basically have to sell to the dealer because no buyer wants to bother buying from me when they can get the same thing from a dealer with a $4k tax credit on top.
- supportengineer 1y agoNot to mention there are severe income limits on the rebate
- taftster 1y agoRight, set too low (imho). And not a graduated phase out either. And the market for these cars are going to be people typically past the income limit. My instinct tells me that people below the income limit ($75K/$150K) probably aren't really in the market for an EV. They are probably just trying to keep their regular gas vehicle running. An EV is almost a second/third car for a lot of people, commuters trying to offset their gasoline costs.
- jeffmcjunkin 1y agoKeySavvy is the normal workaround for this. $99 extra cost to both sides for them to handle the title verification and shipping, and to act as the dealer to make it qualify for EV credits.
- mtlynch 1y agoWow, great tip! Thanks!
- taftster 1y agoMaybe the car dealers have had a lobbyist that has influenced this to their favor. Wouldn't surprise me. But likewise, there's some formality and paperwork trails that exist when a dealership is involved vs. private party, so I wonder if the concern is some fraud or abuse in the private market as well. Regardless, I agree with you.