New EV incentive excludes loaded GTPE?

[Dancefreak]

I found this blurb somewhere. Chances of something going thru of this magnitude, 3.5 trillion is small.

“The bill says individual taxpayers must have an adjusted gross income of no more than $400,000 to get the new EV tax credit. It would limit the EV credit to cars priced at no more than $55,000, while trucks could be priced up to $74,000.

But those limits may face pushback.

Last month, the Senate in a non-binding amendment narrowly voted in favour of prohibiting taxpayers from claiming EV tax credits if they make more than $100,000 annually or if vehicles cost more than $40,000.”

that being said when they put a bill together and go thru reconciliation they will usually say this applies to all purchases after a certain date , either dat b
ill is approved or a date certain that they pick

Reality will probably end up somewhere in the middle…although the Senate amendment wasn’t supported by a majority in that chamber. The part of the legislation least likely to survive is likely the extra $4500 credit for a car built with union labor (on top of the 7500).

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