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Up to 7500. And it depends on the volume of EVs a manufacturer sells. And its being modified.
Also important to note it’s a tax credit based on how much you’d be taxed in the first place. You may not earn enough to be exempt from 7500 in taxes.
And, you could also earn too much to qualify
Yeah, if you make more than 150k you shouldn’t get tax credits for luxury/non-essential purchases.
It has to be manufactured in the US or smth, right? To grow the US automotive industry.
Not necessarily. They just picked and chose the qualifying manufacturers.
So not just the US, can also be Canada or Mexico.
Probably only new cars too eh? Although buying used is far better for the environment, it doesn’t make big line go up
