The credit of up to $7,500 will be offered to people who buy certain new electric vehicles as well as some plug-in gas-electric hybrids and hydrogen fuel cell vehicles. For people who buy a used vehicle that runs on battery power, a $4,000 credit will be available.
What’s known so far is that to qualify for the credit, new EVs must be made in North America. In addition, caps on vehicle prices and buyer incomes are intended to disqualify wealthier buyers. Starting in 2025, battery minerals cannot come from a “foreign entity of concern,” mainly China and Russia. Battery parts cannot be sourced in those countries starting in 2024 — a troublesome obstacle for the auto industry because numerous EV metals and parts now come from China.Because of the many remaining uncertainties, that’s not entirely clear. However, the Treasury Department released a list of vehicles that meet the requirements to claim the new clean vehicle tax credit beginning Jan. 1.
For used EVs, buyers cannot earn more than $75,000 if single, $150,000 if filing jointly and $112,500 if head of household.At first, it will be applied to your 2023 tax return, which you file in 2024. Starting in 2024, consumers can transfer the credit to a dealership to lower the vehicle price at purchase.Yes, but it probably will take a few years, says Mike Fiske, associate director for S&P Global Mobility.
of course it won't be attainablre, it's simply more rhetoric and BidenBullshit. FJB LetsGoBrandon BidenWorstPresidentInHistory BidenDestroysAmerica BidenCrimeFamilly
And the environment won’t change . Buy your own damn car
Wow, I'm glad my tax dollars is going to people to buy a car
TheePurity You can’t stand that Biden is getting things done, can you? lol
An EV is a good solution for driving around town but the technology and infrastructure is not ready to replace Gas engines.. nobody is talking about hydrogen fuel cells.. Hydrogen fuel cells are the answer
Just what we need, more coal burning vehicles packed with Chinese made non-recyclable batteries.
My next car will be a EV or EV/hybrid. There are many more options available from all manufactures but I will never by a Tesla due to Elon Musk.
Financial stability is guaranteed to those who work towards it. I have given listening ears to his mentoring and I have learnt that if you wanna get rich, don’t save your money, invest it with JamesAlderson0 and watch how your life would be transformed for the better
Electric vehicles to replace Combustion Engines which burn fossil fuels that have an environmental impact and contribute to Global Warming. However, what Global Warming and adverse environmental effects are caused by power companies increased consumption of these same recourses?
I'm sure that Tesla appreciates the free advertising of their product over the other EVs available for purchase.🙄
All profits go to China
Government hand outs are all the rage.
Why do you put a pic of the blackberry equivalent of EV's up?
People will get paid to buy EV’s? The things thats batteries can’t be disposed of? I’ll stick to my gas guzzler.
Gotta give dealers time to mark them up that much.
Tesla 🤮🤮🤮
Scam
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