Regulus7
Well-Known Member
- Joined
- Dec 24, 2021
- Threads
- 3
- Messages
- 265
- Reaction score
- 259
- Location
- NYC
- Vehicles
- 993 C4 Cab, Macan S, SantaFe, Ice Blue MME GT
- Occupation
- Money Manager
The IRA program seeks to blend geopolitical aims with incentives for EV adoption among other priorities. This aspect of the law likely will make most BEVs ineligible for the full $7500 credit apart from maybe the Bolt and maybe some Tesla cars. The full $7500 tax credit was a big incentive to go EV. I fact I bought 2 EVs over the past two years. Going forward full compliance with IRA sourcing and building requirements means most EVs will not qualify. So this suggests to me that 2023 sales could be lower than 2022 which will then become a big political problem going into the 2024 elections requiring probably some new incentives which they won’t be able to pass anyhow. I just hope they revoke the income limits before my 4 year options program expires
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