←back to thread

1329 points kwindla | 1 comments | | HN request time: 0s | source
Show context
aidenn0 ◴[] No.43795946[source]
For anyone curious, if you made a similarly sized gas-powered pickup with an i4 engine, it would be penalized more than a full-sized pickup for being too fuel inefficient, despite likely getting much better mileage than an F-150 because, since 2011, bigger cars are held to a lesser standard by CAFE[1].

1: https://en.wikipedia.org/wiki/Corporate_average_fuel_economy...

replies(9): >>43796306 #>>43796377 #>>43796399 #>>43797478 #>>43798561 #>>43798794 #>>43798925 #>>43799250 #>>43800495 #
mtillman ◴[] No.43797478[source]
Fine print: The truck in the link is only $20K after government subsidies/rebates. So if the government gives my tax dollars to buyers of this truck, then it will cost $20K.
replies(7): >>43797561 #>>43797588 #>>43797652 #>>43797655 #>>43797669 #>>43797676 #>>43798900 #
Brybry ◴[] No.43797655[source]
Electric vehicle tax credits are non-refundable tax credits meaning you can't get a credit for more than you owe. [1][2]

Which means no one is getting your tax dollars to buy vehicles (though there may be some infrastructure or manufacturing grants for companies).

[1] https://www.congress.gov/crs-product/IF12600

[2] https://www.irs.gov/newsroom/tax-credits-for-individuals-wha...

replies(4): >>43797888 #>>43798418 #>>43798556 #>>43801185 #
1. PopAlongKid ◴[] No.43798418[source]
>Which means no one is getting your tax dollars to buy vehicles

Then who is making up the difference between the tax that would have been paid, and the credit reduction?