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Title : Federal Tax Credits For EVs -- Death Watch -- GM, Tesla -- June 28, 2028
link : Federal Tax Credits For EVs -- Death Watch -- GM, Tesla -- June 28, 2028

Federal Tax Credits For EVs -- Death Watch -- GM, Tesla -- June 28, 2028

Maxing out on tax credits: Tesla and GM will soon max out at 200,000. Track data here.

Do a google search and pages of links to Tesla and GM as their tax credits soon to expire. 

How it works:

• full federal tax credit, for first 200,000 vehicles but "implemented" by quarter
• phase out after 200,000 vehicles sold by a given manufacturer; those late "to the table" which actually benefit by this crazy rule
• full federal tax credit for all EVs made by a given manufacturer through the quarter in which 200,000 vehicles are sold
• full federal tax credit extends through one additional quarter for all EVs sold by that manufacturer during that "add-on" quarter
• federal tax credit phases out over one full year
• when the phase-out begins, the credit is halved for two quarters; in the third quarter it is 25%  of the original amount 
• it comes out to four quarters because the first quarter after the 200,000 threshold is reached, there is no reduction in the federal credit but that's when the phase-out begins (typical bureaucratic obfuscation)

Everyone says the full tax credit is $7,500. Not true. The tax credit depends on the size of the vehicle and its battery capacity. The federal tax credit ranges from $2,500 to $7,500 per new EV purchased in the US.

Tesla and GM are down to their last couple of quarters. Any bet the US government will change the 200,000 threshold?

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Rumor Has It, Adele

A shout-out to KXT radio -- 91.7 FM --  in Fort Worth, TX -- perhaps the best music radio station ever. An "NPR" station.

https://ift.tt/2dZyQXu

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