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Are Teslas About to Get Cheaper Under Radical New Federal Tax Rules?
Here’s how to navigate the complicated new rules that govern the plump $7,500 federal tax cut on a wider range of cars. But first, choose one that’s made in the right place and hope you don’t make too much money. 0:00 New EV Tax Credits Explained 0:36 Tax Credit Extended to 2032, No More Penalty…
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pumpkinpie78
August 14, 2022 at 11:05 am
So basically being eco friendly is exclusive to the rich only now. And thanks to de-globalization, the inflationary rate will likely exceed the $7,500 credit.
B W
August 14, 2022 at 11:32 am
But the he problem he missed is that battery materials are not evenly distributed across countries that we do and do not have FTA’s with. If the best source of battery materials are non-FTA countries then the bill is ineffective.
Jean-Pierre White
August 14, 2022 at 3:27 pm
The idea of the bill is to drive investments in the US to make batteries and source their materials here (or FTA countries). The bill is effective if it drives investments to North America. That’s the whole point of those provisions.
B W
August 14, 2022 at 7:29 pm
@Jean-Pierre White You are misunderstanding my point. I do not doubt the intent, only the practicality. I want more investment in the US and FTA countries, but lawmakers have a habit of using targets which are not achievable.
Robert Harris
August 14, 2022 at 12:07 pm
The Materials , The Materials some kid in Fort Pierce, Florida ( Central High School) just built a Electric Engine that uses none of the Materials .. ITS LIKE THAT NOW 2022
Robert Harris
August 14, 2022 at 12:12 pm
50, 80 thousand dollars Dealers and Vehicle makers of these Electric cars and trucks shore are funny thinking we are ready to (mortgage) a vehicle in 2022 and the Future … Nope
Beezys beatz!👽
August 14, 2022 at 12:42 pm
So now Biden is going to print more cash and diversity hire 80k minorities to overstaff a gov’t agency to count everybody’s money. Inflation-nation!
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August 14, 2022 at 7:18 pm
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Darren
August 14, 2022 at 12:50 pm
The new rules will just confuse people and dissuade them
Jean-Pierre White
August 14, 2022 at 3:31 pm
Fact.
Robert D
August 14, 2022 at 1:02 pm
The law also eliminates credits for 2 and 3 wheel vehicles altogether, even the solar charging Aptera. Congress is brain dead.
Darren
August 14, 2022 at 1:13 pm
So please tell us about the taxpayer $2.3 billion. funded Nissan Tennessee battery factory that disappeared 👻 just after it was built ? Did it go away with $$$ like FISKER ?
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August 14, 2022 at 1:22 pm
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Brady Lambert
August 14, 2022 at 1:16 pm
I turn off the volume during YouTube ads!
Jean-Pierre White
August 14, 2022 at 3:57 pm
YouTube Premium = No ads at all.
Robert D
August 14, 2022 at 1:32 pm
The credits are completely unnecessary because there is furious demand without them. Tesla is going gangbusters and you haven’t been able to get a tax credit on one of those in years. A $2500 or so credit on used cars might be fine if the buyer is below a certain income.
Omar Kass-Hout
August 14, 2022 at 2:14 pm
What about leasing?
burtnolan
August 14, 2022 at 2:20 pm
If you want to force someone to do something they wouldn’t do otherwise, you throw other peoples’ money at them. I love being controlled.
Rushil Randive
August 14, 2022 at 2:41 pm
Super informative video compared to some of the other ones out there!
Jean-Pierre White
August 14, 2022 at 2:59 pm
I loved your summary of worse initially but better long term.
This is as it should be to drive manufacturers to favor US made products.
skellington
August 14, 2022 at 4:34 pm
Those income limits make this whole thing moot. What family making less than 150K is going to buy a 60-80K car? Plus the battery sourcing requirements will double kill this thing.
Michael Drennan
August 14, 2022 at 5:12 pm
Thank you for the helpful details on the credits – income limits, etc. I’ve seen many articles and videos on the EV credit but this is the first to provide helpful, specific details.
Justin Kenward
August 14, 2022 at 5:26 pm
Neat
Léo
August 14, 2022 at 6:16 pm
Very helpful breakdown. Thank you!
Hygienist Dentist
August 14, 2022 at 6:24 pm
Please make a video on the vehicle-to-grid incentives and for commercial vehicles
karlInSanDiego
August 14, 2022 at 8:45 pm
You mischaracterized the first tax credit scheme. It was designed to help AUTOMAKERS transition to EVs. That’s why it had limits for manufacturers. Tesla, GM, and Toyota each had the full advantage of 1.5 Billion Dollars of government subsidies to help sell their cars. Plus they also got $3750 subsidy to buyers for the 6 months that followed the 200,000th sale for each. The credits were not supposed to be forever govt. sponsored discounts forever of as rewards for selling EVs.
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August 14, 2022 at 10:11 pm
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Randy Khatib
August 14, 2022 at 10:54 pm
What good is 7500 when the base tesla has already increased by 13k since it’s launch lol.
Charles
August 14, 2022 at 11:41 pm
Money goes to tesla shareholders
Jen White
August 15, 2022 at 12:43 am
I am getting an electric mini cooper and I’m glad I already have a deposit on it so the tax credit can still apply. I am curious if I’ll be able to get the benifit of getting the price discounted at time of purchase but it’s not a huge deal if I don’t because I’d rather get the credit than not.
Tim Woody
August 15, 2022 at 1:00 am
You told me all I want to know. It’s not refundable so it locks out lower income buyers. The guy who makes $40,000 per year pays more for the same car than the guy who makes $100,000 per year.