quote: just can write off $7,500 on your taxes at the end of the year
quote: As someone who actually bought a Leaf I can tell you it's not a refund. If your liability is less than $7500, you don't get any extra money back: If someone owed $4000 in taxes, $4000 would be covered by the credit and the government would keep rest - $3500 in this case.
quote: The state pushing the hardest to transition drivers from gasoline-powered vehicles to electric vehicles and hybrids is California.
quote: The state pushing the hardest to go even deeper into debt is California.
quote: 1) these programs are for people that make $35k a year. If at the end of the year you've paid $10k in taxes to the federal government you get a refund check BACK. a credit is different from a deduction people. why is this so hard to understand?
quote: So, if you owe less than $7,500 in taxes and own the right EV, you can actually make money from this.
quote: Despite the significant discount, most drivers still stay away from electric vehicles. The biggest reason is range anxiety and long charging times. However, electric vehicles can be cheaper to operate. An example would be to drive the gasoline-powered Corolla mentioned before with a travel distance of 40 miles a day with gasoline at $3.95 per gallon would cost the driver $150 a month. Charging the electric car to drive the same distance each day would cost about $50.