Re:The EV Transition Is Harder Than Anyone Thinks
by serf on Tuesday March 28, 2023 @10:41PM
(#35351588)
be especially careful of considering tax rebates when talking about products made for the lowest income portion of the economy.
Many of the most poor do not file taxes -- but they may still need personal transportation.
Re:The EV Transition Is Harder Than Anyone Thinks
by brewdad on Wednesday March 29, 2023 @12:37AM
(#35352650)
Anyone too poor to file taxes isn’t buying a new car.
Re:The EV Transition Is Harder Than Anyone Thinks
by jdminhbg on Tuesday March 28, 2023 @11:24PM
(#35351942)
A Bolt is more likely a second car for a family that does pay taxes than a primary purchase for one that doesn’t.
Re:The EV Transition Is Harder Than Anyone Thinks
by elihu on Wednesday March 29, 2023 @03:06AM
(#35353664)
I think more relevant is that many of the middle class do pay significant taxes, they just don't have enough federal tax liability to be able to claim the whole credit.
It's a shame the credit isn't refundable. It's weird that you can be too poor to get the whole subsidy.
Minus $7500 for the tax credit, minus another $7500 in some states with rebates.
And even if you did pay $26.5K, saving 75% or more on fueling cost also helps a bunch with TCO.