One is for any EV built anywhere, US or foreign, and not union, which is $7500. Not sure if by foreign that includes foreign owned companies, separate from American companies that outsource production.
Second is is for an EV built with US made batteries, which is $8,000.
Last is union built in the US with US batteries, which is $12,500.
It seems that unlike previous tax credits, which were limited to either $7500 or your tax liability, whichever was lower, these will be the full tax credit, regardless of your tax liability, a significant difference.
I'm guessing that foreign built would also include those from the PRC, which means we would be subsidizing their auto industry, or maybe I'm wrong. There is a Chinese company, which Warren Buffet has a 7.9% stake in, called BYD that has been building battery powered buses built in the US, in fact in Repub stronghold Palmdale/Lancaster Ca. and which has developed batteries that are Lithium iron phosphate that are a bit less energy dense but far more stable than those of other manufacturers.
Given the reality of our government, this is actually pretty damn good environmentally, and is sure more positive than burning fuel in Afghanistan for 20 years, to no real purpose at all, other than the first three months of that fiasco, all that were needed to decimate AQ there, even overlooking the fact that Bush let bin Laden get away on purpose.
If the BBB passes with the EV tax credits intact, Tesla, like GM, would become eligible again. The old provision about an individual car company having only a certain number of sales allowed would be replaced by a provision covering the entire industry; 50% of sales, if I remember correctly, and then the tax credit would be lowered as sales reach certain higher levels.
There is a provision limiting the tax credit to cars under $55,000 and trucks under a higher figure, something like $70,000.
A fiction, sir! If you bring your cart to the course, w/ clubs, and you are suitably golfish (golf shirt, khakis, white), you'll be able to gain entre to the course one way or another; then you can ride around this lovely parkland and flirt with the beer cart girls. A fine way to spend a sunny day, and not a three-putt in the bargain.
My bad.
Not really, “ they” market it as if it’s a big check. And non union built is $7500….. that speaks to their environmental sincerity
Partly correct.
There are three levels of tax credit.
One is for any EV built anywhere, US or foreign, and not union, which is $7500. Not sure if by foreign that includes foreign owned companies, separate from American companies that outsource production.
Second is is for an EV built with US made batteries, which is $8,000.
Last is union built in the US with US batteries, which is $12,500.
It seems that unlike previous tax credits, which were limited to either $7500 or your tax liability, whichever was lower, these will be the full tax credit, regardless of your tax liability, a significant difference.
I'm guessing that foreign built would also include those from the PRC, which means we would be subsidizing their auto industry, or maybe I'm wrong. There is a Chinese company, which Warren Buffet has a 7.9% stake in, called BYD that has been building battery powered buses built in the US, in fact in Repub stronghold Palmdale/Lancaster Ca. and which has developed batteries that are Lithium iron phosphate that are a bit less energy dense but far more stable than those of other manufacturers.
Given the reality of our government, this is actually pretty damn good environmentally, and is sure more positive than burning fuel in Afghanistan for 20 years, to no real purpose at all, other than the first three months of that fiasco, all that were needed to decimate AQ there, even overlooking the fact that Bush let bin Laden get away on purpose.
Tesla is not eligible, credit based on overall sales
Incorrect.
If the BBB passes with the EV tax credits intact, Tesla, like GM, would become eligible again. The old provision about an individual car company having only a certain number of sales allowed would be replaced by a provision covering the entire industry; 50% of sales, if I remember correctly, and then the tax credit would be lowered as sales reach certain higher levels.
There is a provision limiting the tax credit to cars under $55,000 and trucks under a higher figure, something like $70,000.
Yeah, but then you might have to play golf.
A fiction, sir! If you bring your cart to the course, w/ clubs, and you are suitably golfish (golf shirt, khakis, white), you'll be able to gain entre to the course one way or another; then you can ride around this lovely parkland and flirt with the beer cart girls. A fine way to spend a sunny day, and not a three-putt in the bargain.
Fore!
Not sure about that. Did golf carts qualify last time?
Anyway, none of this is settled until the Senate parliamentarian, who is ignored when Repubs are in power, decrees the law of the land.