quote: Chevrolet also announced the retail pricing for the vehicle at $32,495 before the $7500 federal tax credit. After that tax credit is applied, the new Spark EV would sell for under $25,000.
quote: You still don't get the 7500 back in a tax refund. It's merely applied as a credit of taxes paid.
quote: Chevrolet says that the Sparky EV could save owners as much as $9,000 in fuel costs over five years.
quote: Don't blame wealthier people because you can't get ahead in life. There's always someone ahead of you. Just be happy man.
quote: Kinda makes someone like me wonder why i work my ass of to earn a decent salary earning the privilege to pay taxes which is used to buy EV's for people that don't pay taxes.
quote: you could get a used M5 or E55 for that amount
quote: Up to" is the critical modifier. The federal incentive is usually referred to as a flat $7,500 credit, but it's only worth $7,500 to someone whose tax bill at the end of the year is $7,500 or more. If the buyer of a Volt, a Nissan Leaf or any of the other eligible vehicles owes, for example, only $5,000 in income tax for a particular year, that's all the tax credit will be. Uncle Sam's not writing a refund check for the other $2,500. And an unused portion of the credit can't be applied against the following year's taxes.
quote: Not true. The tax credit comes off sales price at the dealership. My wife bought a hybrid 2 years ago using the Federal tax credit...