In the proposed infrastructure bill the tax credit for PHEV's will drop to $4,000. Currently the tax credit for the Tucson Plug-in Hybrid is $6,587. I'm curious if this will cause anybody with a Tucson Plug-in Hybrid on order to change their order to a regular hybrid?
[Source: Grant Thornton LLC]........Plug-in electric vehicles would generally qualify for a credit of $4,000, plus an additional $3,500 if battery capacity is 40 kilowatt hours or more and the gas tank holds less than 2.5 gallons. The battery requirement would increase to 50 kilowatt hours in 2027. The credit would be unavailable for vehicles exceeding certain price thresholds and for taxpayers exceeding certain income thresholds. (Democrats approach sweeping tax agreement)
I've contacted a number of automotive publications and my (progressive) congresscritter to try and get this changed. Please join me in this effort if you can. My arguments are that the reduced tax credit for PHEV's will tip people towards HEV's, reducing electrification and increasing carbon emissions. My suggestion is that the reduced tax credit for PHEV's be deferred until the build-out of charging stations reaches a certain level and/or the charging rate for BEV batteries increases to a defined level.
Congratulations to anybody who takes delivery of their PHEV in 2021.
[Source: Grant Thornton LLC]........Plug-in electric vehicles would generally qualify for a credit of $4,000, plus an additional $3,500 if battery capacity is 40 kilowatt hours or more and the gas tank holds less than 2.5 gallons. The battery requirement would increase to 50 kilowatt hours in 2027. The credit would be unavailable for vehicles exceeding certain price thresholds and for taxpayers exceeding certain income thresholds. (Democrats approach sweeping tax agreement)
I've contacted a number of automotive publications and my (progressive) congresscritter to try and get this changed. Please join me in this effort if you can. My arguments are that the reduced tax credit for PHEV's will tip people towards HEV's, reducing electrification and increasing carbon emissions. My suggestion is that the reduced tax credit for PHEV's be deferred until the build-out of charging stations reaches a certain level and/or the charging rate for BEV batteries increases to a defined level.
Congratulations to anybody who takes delivery of their PHEV in 2021.