Awesome Tips Are Teslas About to Get Cheaper Under Radical New Federal Tax Rules?
Here’s how to navigate the complicated new rules that govern the plump $7,500 federal tax cut on a wider range of cars. But first, choose one that’s made in the right place and hope you don’t make too much money.
Here’s how to navigate the complicated new rules that govern the plump $7,500 federal tax cut on a wider range of cars. But first, choose one that’s made in the right place and hope you don’t make too much money.
0:00 New EV Tax Credits Explained
0:36 Tax Credit Extended to 2032, No More Penalty For Success
1:21 You Can Apply The Credit Immediately
2:54 Purchase Price and Income Limits
3:41 EV Must Be Built In The USA, Mexico, Or Canada
4:13 EV Battery Components, Critical Materials Rule
5:34 Used EV Tax Credits
6:18 Plug-In Hybrids Qualify Too
7:20 Cooley’s Bottom Line
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Deals for Days. Big home savings are happening now.
Thank you for this
For me, I believe my tax is taken out each paycheck. So when i do my taxes, I usually get some money back. Does this mean the tax credit would be practically useless for me?
Good. we originally plan to get a EV but now, we will buy a cheaper traditional car. Good job.
Uh-huh the one and only Brian Cooley. Just like seeing his shows.
US auto can't build EV without S Korean battery. There will be retaliation for not giving EV credit to S Korean company after Hyundai committed $13 billion investment in the US. This was back stabbing to ally.
Electric vehicles are already subsidized. They don't pay the any fuel taxes but still get to use the road for free. Infrastructure is going to take a huge hit.
just realized, nobody knows anything about cars … especially electric car people ! It seems they have no common sense. Somebody must have hit them with a … Stupid Stick .
Not enough to make me switch
okay now which cars qualify
Still cheaper than all German EV's and the very over priced Mach E.
i still think i would rather buy the BMW i4m50 than any of the tesla models on the market
meanwhile they're extending the federal government…not good🤡🌏
How many watching this can afford a $60,000 electric car right now?
Doesn't refund??? So what I need to ask my company to not tax me so I can owe the government money so the ev credit can pay it?? This vid did not clarify the tax credit for me
Are there incentives available for ICE to EV conversions?
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☝️☝️☝️ Y’all meet da valid vendor fr da legit cloned card and credit card both physical&digital without gettin stress… I can’t appreciate him enough, he’s really amazing 💯
I use to like this guy. It’s clear he is a Tesla Hater. I miss when he spoke the truth.
So I just purchased a Tesla 3 for 62,000. Does that mean I won't get the tax credit because it's over 55 thousand?
I'm starting to hate the term radical
Not sure what he says in the video but I’m not gonna watch it because it’s way too long just to say no, Teslas will not be cheaper because of the tax credit. This tax credit will actually make vehicles more expensive. It will do the opposite of what they expected to do. This will cause inflation
No. Tesla can barely make their overpriced POS cars at the current prices. They can’t afford to lower the prices to the level required to get the new $7,500 credit. And they wouldn’t even try because it’s bad business to lower your price without competitive pressure at work.
Radical?
@6:18 the comparison of a Toyota Rav4 Prime being 18Kw battery and good on that is not a good apples to apples comparison to get the used Tax credit because a Rav4 Prime would not qualify if its selling for well over $25K
Look if u are making less than 150 k a year. U have no business buying a car over $35k: just not smart
If gas cars were outlawed today, the interstates would be empty, towns and hotels along the interstates would be abandoned, and don't forget Disneyworld. You fly there and rent an electric car.
THE ANSWER IS NO!
So poor people are going to subsidize rich peoples new cars. Great job Benito Biden!!!
I believe E.V. owners should pay for their own CHARGING STATIONS, not tax payerss!!!Discrimination between Gas car owners and E.V. owners is wrong,period!!!Did you hear what he said,the 7500 comes off of taxes due.That means the deduction is three times as big as they said !!!Thank you senators for giving to the RICH PEOPLE !!!
Tesla will raise the prices to the limits.
This is BS government cover the rich, the average Joe can't afford these cars with 7500.00 tax credit.
As a potential buyer, I see it trying more to control where the potential electric car I may buy is coming from than giving me incentives to transfer to an electric car.
Wow, only 300.000 USD household income limit?
Is this only made for the poorest people out there?
The incentive is in favor of ev manufacturers and has nothing to do with consumer's benefit, because ev manufacturers will raise the price to offset it. This only makes ev cars so much expensive than they already are
No point for me to buy electric anymore. Got the Tesla credit before it ran out and got the rav4 prime credit . Was looking for another ev but without the credit for me I guess bronco it is.
Can you explain simply how a $7500.⁰⁰ EV rebate helps me when the EV maker just raises the price of the car $7500.⁰⁰?
Will tesla 3 long range get under 55k & qualify for 2023 ev tax credit? I've an order for Tesla 3 LR which is scheduled for delivery next week. I'm in IL which has 4K tax credit until September. Should I wait until Jan 2023 for 7500 Federal credit, but IL tax credit might go away.
God bless you! You are always a help to us consumers.
NO!!!!!! Teslas be even more expensive !!! Other brands cheaper!!
Great to see Brian again after a long while ☺️
The best reviewer in the auto industry, bar none. Thanks BC.
No one ever mentions retired folks ,on Social security what do we get ? NADA !! Can someone explain if there are incentives for us ? We need the $7,500 more than anyone ,Ev ‘s are out of reach anyway ..