Most electric vehicles WON'T qualify for EV Federal Tax Credit via Inflation Reduction Act

[Skooby]

Most electric vehicles won't qualify for federal tax credit

A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. As of now, the alliance estimates that about 50 of the 72 electric, hydrogen or plug-in hybrid models that are sold in the United...

news.yahoo.com

 

[DEAD7]

 

[88m3]

Don't have a problem with this really

 

[FAH1223]

David Dayen talks about the EV tax credit here at 46:55



There’ll probably be waivers by the Treasury Department when the rule making starts.

The used EV credit of $4,500 doesn’t have the mineral and battery requirement but this’ll probably mean car dealers will get to pocket the rebate.

And the reason the Consumer Protection Bureau doesn’t have oversight on car dealers is because when Dodd Frank was passed in 2010, a Republican Congressman, John Campbell, who was on the House Financial Committee, was a Saab dealer and collecting rents on the dealerships in his district! He got a carve out to exempt CFPB from this oversight.

The FTC has some oversight though and state consumer protection agencies…

 

[1thouwow]

Elaborate

 

[BigMoneyGrip]

It’s so many affordable EVs out you don’t need a tax credit

 

[Geek Nasty]

They fixed the credits. Lots more cars apply now

 

[mastermind]

They fixed the credits. Lots more cars apply now

Not that many:

Which EVs qualify for a $7,500 tax credit in 2024? See the updated list.

Fewer electric car models qualify for tax credits in 2024 after new requirements kicked in on Jan. 1.

www.usatoday.com

 

[ORDER_66]

Not that many:

Which EVs qualify for a $7,500 tax credit in 2024? See the updated list.

Fewer electric car models qualify for tax credits in 2024 after new requirements kicked in on Jan. 1.

www.usatoday.com

it should be for ALL ev cars...

 

[mastermind]

it should be for ALL ev cars...

It’s for cars that are mostly made in the US. I see both sides, tbf

 

[Geek Nasty]

Not that many:

Which EVs qualify for a $7,500 tax credit in 2024? See the updated list.

Fewer electric car models qualify for tax credits in 2024 after new requirements kicked in on Jan. 1.

www.usatoday.com

yeah you’re right that google summary for the I-pace is wrong

 

[ORDER_66]

It’s for cars that are mostly made in the US. I see both sides, tbf

I mean I thought america wanted to phase out ICE engines right so what's the point if we cant get credits for switching over into expensive ass new EV cars that cost a grip to fix the batteries..

 

[mastermind]

I mean I thought america wanted to phase out ICE engines right so what's the point if we cant get credits for switching over into expensive ass new EV cars that cost a grip to fix the batteries..

You’re right

But we also want more jobs in this country which this law is trying to force.

 

[Pressure]

I mean I thought america wanted to phase out ICE engines right so what's the point if we cant get credits for switching over into expensive ass new EV cars that cost a grip to fix the batteries..

This isn't a concern for you.

 

[Geek Nasty]

I mean I thought america wanted to phase out ICE engines right so what's the point if we cant get credits for switching over into expensive ass new EV cars that cost a grip to fix the batteries..

comes off as a grift there aren’t a lot of EVs on that list. fukk Tesla that about cuts the 1st list in half.