Tax Credit Killed in 2020

I think at this point that tax credit is hurting more than it's helping. It encourages mediocrity. It makes car companies not trying as hard as they could be.

 

Thanks for helping keep the discussion here civil, Domenick. And I apologize for some of my posts veering off into partisan political remarks which don't belong here. As someone who has been a moderator on other forums, I certainly support you deleting those posts.

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what will happen to taxes under Biden? What is your opinion?

 

We can only speculate, but I believe the current tax rates are in effect until 2025.

 

I think changes are unlikely in short term, long term it is likely that credits will be broadened (no cap on production) but reduced to something like $2500-$3000. Current credits are too generous and mainly benefit high income demographics.

 

I would like to see the tax credit carry over to subsequent years.

I'm OK with that as long as plenty of money is spend on charging infrastructure. In particular, I would like to see a lot more workplace charging infrastructure.