I didn't know the details so just looked it up. Sharing here for others who don't know...
The federal credit seems to have a single income threshold to get full credit or no credit at $150k single/$300k married. There is a base CA rebate at $135k single/$200k married.
But there is a lower threshold to get what they refer to as the "increased" $7.5k rebate. This is set by household income rather than simply single or married filing status. The household income threshold is around $54k/$73k/$92k/$111k for households of 1/2/3/4 persons and this included roommates sharing an address.
It seems to me that these limits exclude most Californians who are typically going to be buying new cars, whether Corolla or Model 3. Or is the used car market still so broken that they don't really have choices?
saltcured|2 years ago
The federal credit seems to have a single income threshold to get full credit or no credit at $150k single/$300k married. There is a base CA rebate at $135k single/$200k married.
But there is a lower threshold to get what they refer to as the "increased" $7.5k rebate. This is set by household income rather than simply single or married filing status. The household income threshold is around $54k/$73k/$92k/$111k for households of 1/2/3/4 persons and this included roommates sharing an address.
It seems to me that these limits exclude most Californians who are typically going to be buying new cars, whether Corolla or Model 3. Or is the used car market still so broken that they don't really have choices?
unknown|2 years ago
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