Beginning in 2024, everyone under the income limit qualifies for the full $7,500 rebate. It does not matter if you owe less than that in taxes, and you can get it at the time of purchase instead of waiting for next year's taxes.
https://www.npr.org/2023/12/28/12...ford-vw-gm
frontpage Posted by DC13 • Jun 3, 2023
Jun 3, 2023 9:12 PM
Item 1 of 13
Item 1 of 13
frontpage Posted by DC13 • Jun 3, 2023
Jun 3, 2023 9:12 PM
2023 Chevrolet Bolt EV 1LT + $7500 Tax Credit + In-Home Charger Install
(For Qualifying Buyers)from $26500
$26,500
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edit: For clarification from the wiki: "The tax credit is not refundable, which means one must have federal tax due to take advantage of it. If the tax due is less than the credit amount, one can only claim the credit up to the amount of the tax due."
So lower income people will not get a $7500 refund, it depends on your liability. i.e. A SDer responded about a student being angry in a previous thread that they only got $500 back and not $7500.
Virtually all of the ICE vehicle can be recycled. Generally the only items not recyclable per se will be interior trim - it's mixed plastic and rubber. Engine? steel or aluminum. Gearcases? Steel or aluminum. Body, frame, etc, steel or aluminum. In fact, about 86% of a car can be recycled [recyclenation.com].
Meanwhile your EV will still have a fully and readily recyclable frame and body, just like the ICE. The motor will generally be recyclable. The battery? Not really. Generally batteries and battery packs are not really designed for recycling. Most are just thousands of individual cylindrical cells, that themselves are spiral wound multilayer structures. There's no easy way to separate the materials here. An ICE, you literally rip out the engine with heavy equipment and include it in with any other steel or aluminum - the process is astonishingly easy and quick [youtube.com] with heavy equipment.
Meanwhile, the batteries are generally just shredded [ucsusa.org]. The resulting material is called "black mass" and is placed into a bath of caustic chemicals to leech out the *important* elements. In certain cases, that black mass is first incinerated to burn off plastic and epoxies. Yeah that sounds super efficient and environmental to me.
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It would probably be against strict letter of the code, but not really against the spirit
they are pushing bad deals for their own sake.
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You continue to provide more evidence this is inferior to gas. I have no idea why.
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they are pushing bad deals for their own sake.
Try to find one at MSRP.
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It's based on your gross tax liability. In other words, it would add $7500 to your refund or offset any liability and refund the difference, as long as you had prepaid and were charged over $7500 in taxes throughout the year.
Refer to this post: https://slickdeals.net/forums/showpost.php?p=
And this:
https://slickdeals.net/forums/showpost.php?p=
But it's not refundable :0
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The issue is many folks in the thread reporting local dealers are heavily marking Bolts up above MSRP.
https://gmauthority.com/blog/2023...a-fortune/
Story at GM Authority about this very issue citing dealers asking 45-57k for a Bolt... ONE of the dealers cited claimed it was an "error" once someone called em out on it- the others appear to have made no such excuses.
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