www.cnn.com
No, this infrastructure bill has a $7.5 billion fund for EV charging stations. That fund is probably why Tesla is now considering opening up the supercharger network to all EVs.
Can you confirm that credit must be taken in one year (at least if the credit passes as written)?
[CORRECTION] - Erik is correct - after more research there was a you tuber that had reported it incorrectly.
[CORRECTION] No it is not.
Thanks! One remaining question: if you don't have a $12,500 tax liability will you get a check from the government for the difference, be allowed to carry the difference forward or none of the above?
That is my understanding from the video. Starting 2023, it will be an instant rebate at time of purchase.
I believe they rewrote it and now it is not a tax credit. I will be at point of sale. when you buy the truck $12500 will come right off the top of the price you pay for the truck.
According to the video, the point of sale does not take full effect until 2023, but you get the full credit refund when you file your taxes for tax year 2022 (in 2023)
That's not the bill that passed last night. The $12,500 tax credit is in the Build Back Better plan which got stripped back out of the infrastructure bill.
Thanks for setting me straight on that. I went back and watched the video again and I don't know how I missed that he says it 3 or 4 times. I was so happy about the cap raised to $80,000 that I must have block block out the rest.
Well I guess a couple of youtubers got it wrong - will have to do some more digging. I saw two videos on it that it passed. But you could be correct.
