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
frontpageDC13 posted Jun 03, 2023 09:12 PM
Item 1 of 13
Item 1 of 13
frontpageDC13 posted Jun 03, 2023 09:12 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 is insane that car dealers add premium to Cars' MSRP in the US.
This crazy thing should be illegal and stopped.
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32k build car minus 2k = 30k + tax + documentation + registration = 33k -7.5k tax credit = 25.5k at the end for me
you guys think its worth flying out and then driving back 7 hours to get MSRP pricing ?
Just an extra cost that serve no purpose.
Ordering directly from manufacturer and cut everyone else out let car dealers all go belly up they offer nothing
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Your withholdings have nothing to do with the tax credit
If you have $7500 of tax liability then you get the full value of the credit.
You don't even look at withholdings until later on the 1040.
Dealers aren't employees of the car company though so that analogy...isn't one.
Unless you drive 259 miles every day your math has a pretty big flaw.
Most americans drive 30 miles or less, meaning you can easily get back used range every night with a normal 120v plug.
The charging curve isn't flat. Charging power declines exponentially, so it will still take you almost 71 hours to charge those 30 miles.
I though this was a typo on the OP's part, but the website does indeed state a 40 amp breaker on a NEMA 14-50 outlet. Umm talk about a code violation.
(Keep in mind that this is a universal outlet install, NOT a direct wiring install. So the breaker NEEDS to be sized to the maximum load limit, not just the load limit of the primary device that's going to be installed on it.)
There was a problem, it was addressed, and fixed.
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Absolute flat out lie.
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