Peace_Berry_House OP t1_j2bhxy2 wrote
Reply to comment by Interesting-Dish8894 in Do I get an IRA clean vehicle tax credit if I just bought a 2023 Chevy Bolt EUV last week? by Peace_Berry_House
Well assuming Chevy does raise the price as expected I guess it’s not too bad saving $6500 at the point of sale as opposed to reducing my tax liability by either $3750 or $7500. It is also unclear what happens if there is a manufacturer phase out during the tax year you buy the vehicle - is it the date you purchase the vehicle or date you file your taxes? Point being if this is super popular you could lose out on the rebate anyway. I am just going to be grateful that I calculated I will be saving about $5,000 in fuel and maintenance costs annually after subtracting out the estimated cost of electricity commuting to work and expected EV maintenance and not too upset at myself for something I can’t change. I’m not financially vulnerable but this still is annoying to potentially have left money on the table.
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