DadzBoyz
Well-Known Member
- First Name
- Dan
- Joined
- Jun 6, 2022
- Threads
- 52
- Messages
- 723
- Reaction score
- 784
- Location
- Oldsmar, FL
- Vehicles
- 22 Mustang Mach-E GTPE (ordered), 20 Mazda CX-5
- Occupation
- Software Systems Integrator
- Thread starter
- #1
Consumer Reports reality check on the new tax credit for 2023:
https://www.consumerreports.org/car...at-qualify-for-new-ev-tax-credit-a9310530660/
The meat of it:
”A Congressional Budget Office analysis shows that the bill budgets for $85 million in new EV tax credits for the 2023 fiscal year, which only translates to about 11,000 new vehicles sold with full $7,500 credits. That number jumps to about 60,100 EVs in 2024.
For comparison, about 630,000 battery-electric and plug-in hybrid vehicles were sold in the U.S. in 2021—a number that must grow if the U.S. is to meet its greenhouse gas reduction targets. Those goals call for half of all new light-duty cars sold in 2030—accounting for millions of vehicles—to be zero-emission vehicles.
But due to numerous new rules about where new EVs must be built and their batteries sourced, automakers argue that too few vehicles qualify, and EV advocates are concerned that the requirements may make it difficult for consumers to find a vehicle that qualifies for the credits.
"If you’re interested in an EV or a plug-in hybrid and it qualifies for a tax credit today, don’t wait, because it might not qualify next year. But if you’re considering a used EV, it might be worth waiting," says Jake Fisher, senior director of Consumer Reports’ Auto Test Center.”
Will the Mach-E qualify? Ummmm……. No?
If mine isn‘t delivered by the end of this year (2022), someone else may get a nice Cyber Orange GTPE….
https://www.consumerreports.org/car...at-qualify-for-new-ev-tax-credit-a9310530660/
The meat of it:
”A Congressional Budget Office analysis shows that the bill budgets for $85 million in new EV tax credits for the 2023 fiscal year, which only translates to about 11,000 new vehicles sold with full $7,500 credits. That number jumps to about 60,100 EVs in 2024.
For comparison, about 630,000 battery-electric and plug-in hybrid vehicles were sold in the U.S. in 2021—a number that must grow if the U.S. is to meet its greenhouse gas reduction targets. Those goals call for half of all new light-duty cars sold in 2030—accounting for millions of vehicles—to be zero-emission vehicles.
But due to numerous new rules about where new EVs must be built and their batteries sourced, automakers argue that too few vehicles qualify, and EV advocates are concerned that the requirements may make it difficult for consumers to find a vehicle that qualifies for the credits.
"If you’re interested in an EV or a plug-in hybrid and it qualifies for a tax credit today, don’t wait, because it might not qualify next year. But if you’re considering a used EV, it might be worth waiting," says Jake Fisher, senior director of Consumer Reports’ Auto Test Center.”
Will the Mach-E qualify? Ummmm……. No?
If mine isn‘t delivered by the end of this year (2022), someone else may get a nice Cyber Orange GTPE….
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