luckie
Well-Known Member
- First Name
- Doug
- Joined
- Apr 6, 2022
- Threads
- 18
- Messages
- 422
- Reaction score
- 458
- Location
- Michigan, USA
- Vehicles
- 2021 Mach-E Silver AWD Select SR, traded for, 2025 Mach-E Green AWD Premium ER
- Occupation
- Professor
When I read the way you wrote this I too was confused....especially considering we aren’t getting an EV tax credit - a used car purchase in ‘23 requires a placed in service date in ‘21 and a purchase price under $25k! Who knew - we didn’t.
First I'm thinking it is totally understandable to not know the details of this EV tax credit unless you knew about it and expected to use it *prior* to electing to buy the car. Then yes a quick Google search would reveal that. But I am guessing you only found out *after* buying the car and then were disappointed once you did your Google search. I would be too. Makes sense.
And, I mean heck nobody ever gave folks a tax break for buying a *used* EV before, and now I guess it has only existed for a couple of months. So likely near zero people know about it except for EV enthusiasts on internet forums like us.
But the used EV credit is of course designed so folks who are NOT wealthy can soon someday get an EV at a price that is not insanely expensive. And after a decade of providing wealthy folks with help buying brand new expensive luxury EV cars with taxpayer money via the EV tax credit, to try to reduce that "waste" just a bit.
So, yep, the car has to actually be used for real, e.g. have been used for 2 years before the credit can be applied, not just 2 months and flipped, AND the car has to have a price that isn't crazy expensive, below $25k, and the buyers cannot be in the very top 5% of earners of the USA, etc.
So the Used Ev tax credit actually makes sense as written, given its goal.
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