EVonly
Member
The original intention of the tax credit was to encourage and facilitate the adoption of alternative fuel vehicles. Since EV's are still more expensive than their ICE counterparts, it makes sense to provide a discount or incentive to people that might not otherwise be able to afford an entry level EV. Since the average new car price in the US is just north of 37K, it makes sense to give people shopping for a car in this price range the ability to step up to a Model 3 or Model Y and get a tax break that will make that car an equivalent price. While I would love to be eligible for a $7,500 tax credit, I can definitely see that the original intention of the EV credit was not to enable luxury car buyers to get a discount while buying a six figure car. The EV credit would be nice, but it isn't going to alter my purchasing decision.Don't get me started! Seems that his number for everything and it's a little exhausting. That said, I wasn't aware of the potential credit, I just think the car is cool!
Canada gives the EV discount based on purchase price not income limits. British Columbia caps the price of the car at 55k and Quebec caps it at 75K. I don't know what the answer is, but I do strongly believe that the manufacturing limits that capped the EV credit to 200K vehicles needs to be removed immediately. There is no reason to penalize companies such as Tesla and GM for their early action to move us to an EV future. Why give tax credits to people buying foreign cars and penalize American companies? It makes no sense!
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