Socalsp3
Well-Known Member
If you only have a limited amount of money to give back in tax rebates and you want the most number of people to adopt EVs, an income cap would make sense. Theoretically, people who are financially well off would need less government help to buy EVs. How else would you do it, by lottery?Not true. Just because we “can” afford it doesn’t mean I like throwing money away. As a family we need 2 cars, also pay for daycare, etc. An extra $15000 net is a vacation I could take. I like EVs but not enough to spend an extra 15k (two cars X $7500).
people buying 125k Tesla Plaids? Sure. But many people at the low end of the income cap are trying to buy two nice family vehicles. You have to look at the comparisons. Yes, I could outright buy an id4 without the credit. But Im not in the market for a CRV. It’s XC40 vs XC40 recharge. Or BMW 335 vs i4. Or in our case, Audi Q5 vs Q5 PHEV. The PHEV costs a lot more and the only difference is the powertrain. We aren’t comparing buying an Audi vs the VW id4.
people can hate on higher income people all they want. They certainly aren’t entitled to a tax credit. Frankly I get tired of being attacked on two fronts. We already pay much higher marginal tax rates, then are also expected to pay more for goods and services than other people, and credits and benefits are phased out. The effective marginal rate for a family at the lower end of “wealthy” (300-500k a year) is enormous. Easily more than 50% federal when you factor in the phaseouts of many credits and deductions like the child tax credit. Keep in mind that a family making 350-400k could be a pediatrician or nurse practitioner married to an engineer. Not CEOs and Elon Musk.
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