Chances are, yes. Here’s how to be sure....
www.nrdc.org
That link makes a number of bizarre claims:
1: " The federal EV tax credit is up to $7,500 for new vehicles."
Yeah... no. For starters, GM jacked up the prices of their electric vehicles by... $7,500. And the tax credit only goes to cars that use batteries that don't actually exist.... and the credit is "up to" $7,500.
Important notes:
Under the new rules, you can only claim the EV tax credit if:
- You buy an EV priced at $55,000 or less, or buy an SUV or light truck priced at $80,000 or less (from January 1, 2023)
- Your modified adjusted gross income in the year of purchase or preceding year is no more than $150,000 if filing singly; $225,000 for a head of household; or $300,000 if you’re filing jointly
- For used EVs, the purchaser’s income is limited to $75,000 for a single filer, $112,500 for a head of household, and $150,000 for joint filers
- The EV is assembled in North America, which for the bill’s purposes includes Mexico, the U.S., and Canada (effective immediately)
- The EV’s battery is assembled in or made from materials sourced in North America or an approved country (though this rule will only apply from January 1, 2025)
- At least 40% of the “critical minerals content” comes from U.S. sources, is recycled in North America, or comes from a country with a free trade agreement with the U.S. (from January 1, 2023, with annual increases in minimum content requirements thereafter).
2: "32 miles of range, which is typically plenty for daily driving needs."
I typically put a hundred miles on a single days drive. And I might wish to decide to drive 600 miles away. With my current beater, that's a one-day drive, with 2 or 3 tankups along the way. How's that gonna work with an EV?
3: "Without spark plugs to replace or oil to change, electric vehicles have a clear leg up on maintenance costs. Electric cars do still require some basic maintenance—like service checks and tire rotations."
Ummm... how much do those *batteries* cost to replace? Not just the cost of the battery itself, but the labor? Interesting that that little detail was left entirely out of the discussion.
