IRS codes would need to be changed by Congress to eliminate the credit. Trump could push for it, but I don't believe it will be his highest priority (or that Republican Congressmen are 100% on board with Trumps agenda - some would like to get re-elected).I'm concerned that the Trump Administration will end the program, not that GM will use it up before I lease a Bolt.
Two counterpoints: First, there is no reason to think this would have to be a high priority. It could simply be an item on a list that gets rubber stamped by the Republican-controlled Congress. It's not a question of 'First up or not at all'.IRS codes would need to be changed by Congress to eliminate the credit. Trump could push for it, but I don't believe it will be his highest priority (or that Republican Congressmen are 100% on board with Trumps agenda - some would like to get re-elected).
So this is like the third time you've brought the subject up about Trump ending the tax credit, but in another post you say your income level won't allow to use the $7,500 tax credit anyway, so what is your beef about Trump. During his campaign Trump never once brought the subject up. The Bush administration enacted the law under the Energy Policy Act of 2005. Last time I checked Bush was a Republican, and the 109th Congress was held by the Republican Party in both the House and Senate. The tax credit was developed an incentive for automakers to develop and sell EVs; it was not meant to be an everlasting incentive for citizens to buy EVs. The 110th congress was held by the Democrats, but there is no evidence that the Energy Policy Act of 2005 and particularly the EV tax credit were the cause of the flip to democrat control.Two counterpoints: First, there is no reason to think this would have to be a high priority. It could simply be an item on a list that gets rubber stamped by the Republican-controlled Congress. It's not a question of 'First up or not at all'.
Second: most Republican congresspeople come from majority-Republican districts, and in those districts voting to kill the EV tax credit (look for a catchy title like "Ending the Prius Tax") would help them in their reelection efforts, not hurt them.
I can use the tax credit for leasing, as you will learn, eventually. My beefs about Trump would take up more space than I have here. Let's just say that I hope he's lied as much to his supporters as it's beginning to appear.So this is like the third time you've brought the subject up about Trump ending the tax credit, but in another post you say your income level won't allow to use the $7,500 tax credit anyway, so what is your beef about Trump.
I can use the tax credit for leasing, as you will learn, eventually. My beefs about Trump would take up more space than I have here. Let's just say that I hope he's lied as much to his supporters as it's beginning to appear.
Nissan applies 100% of the tax credit to the lease down payment, thus substantially reducing the monthly payment. GM will be applying about $2500 to the front end of the lease, and the rest to the residual, also reducing the payments. Thus the Federal tax credit is critical for most low-taxable-income prospective EV drivers to get a new EV. If you want to get into a usenet-style argument about definitions, I'm sure that someone will oblige you. That's it, though, for me.Nope. Leasing company gets tax credit. They may apply at their discretion none, some, or all of it as a CCR.
I can't get the brochure to load. It's one more in a series of website blunders on a site that has done less than desirable to inspire confidence.Really depends on what you need in the Bolt. LT has optional comfort package and Premier gets the optional infotainment package. A great place to start is their brochure.
Usenet? What year is this?Nissan applies 100% of the tax credit to the lease down payment, thus substantially reducing the monthly payment. GM will be applying about $2500 to the front end of the lease, and the rest to the residual, also reducing the payments. Thus the Federal tax credit is critical for most low-taxable-income prospective EV drivers to get a new EV. If you want to get into a usenet-style argument about definitions, I'm sure that someone will oblige you. That's it, though, for me.
Exactly. As for what GM is doing with the tax credit, if they take $7500 and then give a $2500 lease incentive as multiple sources indicate, then they are applying $2500 of the credit to the lease down payment. I'm not really clear on how the residual inflation works, and how it lowers the payments.Usenet? What year is this?![]()