People shopping for electric vehicles starting next year will be able to get a $7,500 federal tax credit off the sticker price while at the dealership, rather than having to wait months to receive their tax returns.
Not much to add. Other than the IRS PDF is written is legalese…
It doesn’t have a real effect tho…
If they decide consumers will buy at X price, they’ll sell them for X and the people willing to spend X will buy it
If there’s a 7k tax credit, they’ll sell it for X+7k, and the same amount of consumers will pay X and buy the same amount of cars…
The only difference is everyone is paying their share of those 7k bonuses to manufacturers.
That tax money would be much better spent on infrastructure or public transport.
This. You have to get into the head of a soulless capitalist instead of a face value end user.
This is generally why i’m against subsidies to begin with. EVs are worth it without having to be propped up by governments imho.
Yep. EV sticker prices won’t change. The government was just lobbied successfully into giving your EV rebate directly to car companies.