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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Siemens' name implies things are done properly, not for energy tieft.
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Just kidding. GM will file bankruptcy, get another bail out, and you'll be selling it for scrap on Facebook in a few years.
A breaker rating is 100% based on the gauge wire used on the circuit. Nothing else. Using a 50amp outlet on 40 amp circuit (8 gauge wire) is specifically called out in NEC code and it has been the norm for decades. Table 210.21(B)(3) Receptacle Ratings for Various Size Circuits. There are no 40 amp receptacles. Not a hack.
When mine was done I had a choice of a 50a 14-50 or a hardwired 60a. I provided my own dedicated EVSE and had it hardwired.
Next year you will have a straight $7500 tax credit. It's not misleading. It says what it is right there on the label. Most will get a sizable chunk of change back from the IRS, unless you pay a lot in taxes, and then that will be reduced by $7500, with the remainder refunded to you.
If you don't qualify for the rebate, then you're wealthy enough to not need it. You've already got enough tax loopholes and shelters already. 🤷
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I will get bullied for buying this and I am 40 yr old man.
Interior and exterior. It's sad
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