this post was submitted on 06 Oct 2023
73 points (98.7% liked)

[Dormant] Electric Vehicles

3188 readers
1 users here now

We have moved to:

!electricvehicles@slrpnk.net

A community for the sharing of links, news, and discussion related to Electric Vehicles.

Rules

  1. No bigotry - including racism, sexism, ableism, casteism, speciesism, homophobia, transphobia, or xenophobia.
  2. Be respectful, especially when disagreeing. Everyone should feel welcome here.
  3. No self-promotion.
  4. No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
  5. No trolling.
  6. Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.

founded 2 years ago
MODERATORS
Sunshine@lemmy.ca
Ceres@lemmy.world
73
Car buyers can get their EV tax credits up front at the dealership starting in January | CNN Business (www.cnn.com)
submitted 1 year ago by Wooster@startrek.website to c/evs@lemmy.world
20 comments fedilink hide all child comments
 

Not much to add. Other than the IRS PDF is written is legalese…

you are viewing a single comment's thread
view the rest of the comments
[–] Stillhart@lemm.ee 4 points 1 year ago (1 children)

I believe with these sorts of things, you're signing it over to the dealership so it goes against THEIR tax burden, not yours.

[–] Wooster@startrek.website 2 points 1 year ago

Currently, if your taxes are under the rebate, your tax incentive is only as good as your taxes are. So if you owe $3k in taxes, you're only getting a $3K tax incentive, regardless of if it's new ($7.5k) or used ($4k).

I'm seeing the government giving us easier access to that $3K… not granting the full 4k or 7.5k. For simplicity's sake, the full rebate is applied at the dealership, but the difference is still due for that year's taxes.