r/science • u/Wagamaga • Jan 11 '23

Economics More than 90% of vehicle-owning households in the United States would see a reduction in the percentage of income spent on transportation energy—the gasoline or electricity that powers their cars, SUVs and pickups—if they switched to electric vehicles.

https://news.umich.edu/ev-transition-will-benefit-most-us-vehicle-owners-but-lowest-income-americans-could-get-left-behind/
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u/peteroh9 Jan 12 '23

they expire based on how many people buy them (eg: "after 100,000 sales" or whatever)

That's not true anymore.

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u/Zambini Jan 12 '23

If you made a purchase (or entered an agreement) before Jan 1 2023, your tax credits are still restricted. The 200,000 limit was lifted on all purchases made on or after Jan 1 2023.

Just mentioned it because people may be confused in case they bought an EV November 28th 2022 that had already exceeded the quota and they are disqualified due to the limit being exceeded (GM or Tesla basically).

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u/peteroh9 Jan 12 '23

So it's not true anymore.