Quote:
Originally Posted by genxer
-This is a big part of the context of a forced EV market.
-My already earned and taxed dollars go less and less far.
-Tax credits went, ~and keeps, going to a billionaire immigrant that doesn't help the home and friend shoring idea, only sells OTA traps.
-So, I don't care if the whole things goes down in flames, with people taking a bath on their IRAs and being underwater from their virtue-signal-it's-the-future consumption.
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The IRA tax credits go to the vehicle purchaser, not the vehicle manufacturer. The benefit to the vehicle manufacturer is that it makes the overall purchase price for vehicles qualifying for the incentive lower for people in qualifying income brackets so maybe they can sell more of them. So if I wanted to buy a $47,500 Tesla Model Y and my household income is under $300k, I can get a $7,500 tax credit, making my overall price $40,000. But none of the tax incentive money goes back to the manufacturer.
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