It is true that the EV tax credit was originally passed by Congress because some did not want it to cost as much as an tax refund AND it benefited the wealthy. Understandable since wealthy folx pay 💰 politicians lots of dollars to do that exact thing.
BUT in 2022 when Biden revised the language and renewed the EV tax credit for another decade, they did introduce income limits and cost of vehicle limits that really screwed it up for wealthy buyers who already enjoyed a full decade to spend taxpayers money on insanely expensive cars for themselves.
The used car and 2024 point of sale chess moves that Biden added REALLY start making EVs for the very first time almost affordable for real people.
It is true that the EV tax credit was originally passed by Congress because some did not want it to cost as much as an tax refund AND it benefited the wealthy. Understandable since wealthy folx pay 💰 politicians lots of dollars to do that exact thing.
BUT in 2022 when Biden revised the language and renewed the EV tax credit for another decade, they did introduce income limits and cost of vehicle limits that really screwed it up for wealthy buyers who already enjoyed a full decade to spend taxpayers money on insanely expensive cars for themselves.
The used car and 2024 point of sale chess moves that Biden added REALLY start making EVs for the very first time almost affordable for real people.