Removing the 200,000 vehicle phaseout trigger on tax credits that has made Tesla, GM, and Toyota electric and plug-in hybrid cars ineligible for tax credits.A new tax credit of up to $4,000 on used EVs put into service after Dec.But, I did find a decent summary at Consumer Reports that drills it down to just a few bullet points for our busy readers (which I’ll rehash below). Sadly, this includes the representatives who vote for these bills, unless they’ve got a knack for speed reading to the point where they can read Atlas Shrugged in a couple of days. ![]() Most people just don’t have the time to read all of that. While the bill itself is an interesting read, it’s longer than all but a few novels at over 700 pages. About The EV Tax Creditsīefore we get into the pessimistic takes that I think are wrong, I want to make sure we’re all on the same page about what the new credits look like. Sadly, there are no simple answers on this. ![]() ![]() While there were many other things in the bill, including a controversial expansion of the IRS, the cleantech world has been focused on how the bill will affect electric vehicles. There has been a lot of debate over the revamped EV tax credits we’re going to see as part of the recently passed Inflation Reduction Act.
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