Tax Credit Killed in 2020

[vvk]

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.

 

[Domenick]

Hi all, moderator here.

I deleted a few posts in this thread to help keep the discussion focused on policy instead of personalities. Obviously, the subject is innately political and so the danger of veering into the vitriolic weeds in higher than usual. Still, discussions here have been quite amicable and I really appreciate that.

Thank you, all.

 

[Pushmi-Pullyu]

Hi all, moderator here.

I deleted a few posts in this thread to help keep the discussion focused on policy instead of personalities.

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.

​

 

[Krippo]

Don't forget Ford and FCA (Chrysler)! This chart is from July 2018. Also, you are correct about the March GM deadline.
You’re in Orange County, correct? The entire state south of Sacramento meets your description and you are surrounded by sanctuary counties. Even Costa Mesa has gone to the dark side.

A few options, not too far away, would be:
Arizona, not recommended. Although Scottsdale feels like OC.
Utah, not a bad choice.
Montana, gets chilly in winter.
Texas, no income tax, humidity, yes.

That was money voted by the city of LA residents who are paying for it thru bond monies.
But then the City of LA is a full on liberal, illegal immigrant laden, sanctuary city - one of many reasons I left years ago....
Local bookkeeping services http://yourbooksontime.com
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what will happen to taxes under Biden? What is your opinion?

 

[Landshark]

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.

 

[Agzand]

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

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.

 

[marshall]

mainly benefit high income demographics

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

but reduced to something like $2500-$3000.

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.