Re:AMD passes Intel in market cap
by enragedcacti on Monday August 01, 2022 @03:33PM
(#32311015)
Here is the summarized set of rules:
Federal tax credit for EVs will remain at $7,500
Tax credit cap for automakers after they hit 200,000 EVs sold is eliminated, making GM, Tesla and Toyota once again eligible
The language in the bill indicates that the tax credit would be implemented at the point of sale instead of on taxes at the end of the fiscal year
In order to get the full credit, the EV must be assembled in North America, the majority of battery components need to come from North America, and contain a certain percentage of minerals from countries with free trade agreements with the US
Includes a new federal tax credit of $4,000 for used EVs
Includes zero-emission vans, SUVs, and trucks with MSRPs up to $80,000
Electric sedans priced up to $55,000 MSRP also qualify
The full electric vehicle tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, or $300,000 for joint filers
https://electrek.co/2022/07/29/which-electric-vehicles-still...Not really a fan of having the tax break at point of sale. I don't want dealers knowing my income.
What a way to subsidize the middle and upper class :/
Is there anything in the bill that excludes Tesla from access to those credits?