quote: From what I have read up on this "credit", it seems that what you get is $7500 taken off what you owe the government. If I only owe the government $5400 in taxes this year and I buy a Nissan Leaf then I essentially owe $0 taxes but do not get the remaining $1100 back as a refund.
quote: This is the whole thing I do not understand about all of the outrage on this.
quote: It's meant to keep EVs afloat until prices drop. It worked.
quote: At least tuition tax credit, or kid credits, or whatever, have some kind of basis in something valid.
quote: But a tax credit for buying an EV? Please. The one and only reason that tax credit exists is because EVs are a product that can't compete based on their own merits. Ergo, they should just fail in the marketplace...until such time as such a product *can* be made that *can* compete on it's own merits.
quote: Can we stop regurgitating this FUD?
quote: I hope you never bought a house and received a new house tax credit or you are just a raging hypocrite.
quote: Or went to school and received an tuition tax credit.
quote: Or paid into a retirement account and received a tax credit.
quote: Or had a child and qualified for a tax credit.