Up to 7500. And it depends on the volume of EVs a manufacturer sells. And its being modified.
this post was submitted on 04 Oct 2023
37 points (71.3% liked)
Cars - For Car Enthusiasts
3998 readers
12 users here now
About Community
c/Cars is the largest automotive enthusiast community on Lemmy and the fediverse. We're your central hub for vehicle-related discussion, industry news, reviews, projects, DIY guides, advice, stories, and more.
Rules
- Stay respectful to the community, hold civil discussions, even when others hold opinions that may differ from yours.
- This is not an NSFW community, and any such content will not be tolerated.
- Policy, not politics! Policy discussions revolve around the concept; political discussions revolve around the individual, party, association, etc. We only allow POLICY discussions and political discussions should go to c/politics.
- Must be related to cars, anything that does not have connection to cars will be considered spam/irrelevant and is subject to removal.
founded 2 years ago
MODERATORS
Also important to note it's a tax credit based on how much you'd be taxed in the first place. You may not earn enough to be exempt from 7500 in taxes.
And, you could also earn too much to qualify
Yeah, if you make more than 150k you shouldn't get tax credits for luxury/non-essential purchases.
It has to be manufactured in the US or smth, right? To grow the US automotive industry.
Not necessarily. They just picked and chose the qualifying manufacturers.
Probably only new cars too eh? Although buying used is far better for the environment, it doesn't make big line go up