EyeOnMachE
Well-Known Member
- Joined
- Nov 18, 2019
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- 60
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- Chicagoland
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- Mach-E 4X. Prev: Restored a 67 Mustang convertible
Got it. I mistakenly read "Congress decided late Monday not to raise that threshold to 600,000, while reducing the EV credit to $7,000," as two separate statements - congress shot down the threshold increase "but instead" lowered the EV credit to $7000. So I thought there was news / documents indicating the $500 decrease. Clearly not the case. My bad.
Also, I was under the impression from others that the White House / Trump wanted to eliminate the EV tax credit all together, but I suspect that's not the case. It's the "extension of the threshold" they were against. .... So the federal EV tax credit lives on (for now) with the phase out still at the manufacturer level.
Thanks to all that replied! Happy Holidays!
Also, I was under the impression from others that the White House / Trump wanted to eliminate the EV tax credit all together, but I suspect that's not the case. It's the "extension of the threshold" they were against. .... So the federal EV tax credit lives on (for now) with the phase out still at the manufacturer level.
Thanks to all that replied! Happy Holidays!
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