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lostandbored | 4 years ago

Lets see if it passes the House now.

Overall, as presented by the article, it makes sense limiting who can receive the credit based on income level and car price.

It will create more "working-class" EVs that a middle-class consumer can buy.

If you make more than $100k, you can afford an EV full price, you just need spend your money wisely.

Overall, it seems like a decent that I hope makes it to pass the House.

discuss

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RealFloridaMan|4 years ago

The goal of the program is to put EV's on the road. Limiting it by income does not help that. The average cost of a new car is $40k, which is where they are setting the cap. Electric vehicles cost more than their gas counterparts. This is an attempt to kill the tax credit all together...

imtringued|4 years ago

Public perception matters. If the program is perceived to be unfair expect it to get canceled.

landemva|4 years ago

From my vantage point, the goal of the program has appeared to be to enrich Elon Musk. With each (tax subsidized) car sold, he then got to sell the offsets to the legacy car manufacturers. This has been green-washed tax harvesting on an enormous scale.