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EV Tax Credits & The Inflation Reduction Act- Do you and your next vehicle qualify?

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Manage episode 342263693 series 3354541
Content provided by Tom Flitton and EV Universe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Flitton and EV Universe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If you own an electric car or are looking for one, you might know that certain EV purchases come with a dollar amount that the federal government lets you deduct from your taxes. The amount of tax credit varies based on a number of factors, so it can be challenging to know your eligibility. This became even more complicated with new legislation recently released in the Inflation Reduction Act of 2022.

Well, we reviewed all 755 pages of the Inflation Reduction Act (admittedly focusing on the parts pertaining to EVs) and made a list of what you need to know on electric vehicle tax credits. Essentially, the Act extends the $7,500 EV tax credit for 10 years, until December 2032. This is great news for the EV community. However, there are several new exceptions to what qualifies, which gets confusing. Listen in for our clear description of what no longer qualifies and what still qualifies for electric vehicle tax credits.

Be sure to follow PIFM on our various social media platforms, for more exciting content on EV’s

Instagram: https://www.instagram.com/pifm_podcast/

Facebook: https://www.facebook.com/PIFMPodcast

YouTube: https://www.youtube.com/channel/UCqXpv3fnOcv-robjLbDINFQ/featured

  continue reading

57 episodes

Artwork
iconShare
 
Manage episode 342263693 series 3354541
Content provided by Tom Flitton and EV Universe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Flitton and EV Universe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If you own an electric car or are looking for one, you might know that certain EV purchases come with a dollar amount that the federal government lets you deduct from your taxes. The amount of tax credit varies based on a number of factors, so it can be challenging to know your eligibility. This became even more complicated with new legislation recently released in the Inflation Reduction Act of 2022.

Well, we reviewed all 755 pages of the Inflation Reduction Act (admittedly focusing on the parts pertaining to EVs) and made a list of what you need to know on electric vehicle tax credits. Essentially, the Act extends the $7,500 EV tax credit for 10 years, until December 2032. This is great news for the EV community. However, there are several new exceptions to what qualifies, which gets confusing. Listen in for our clear description of what no longer qualifies and what still qualifies for electric vehicle tax credits.

Be sure to follow PIFM on our various social media platforms, for more exciting content on EV’s

Instagram: https://www.instagram.com/pifm_podcast/

Facebook: https://www.facebook.com/PIFMPodcast

YouTube: https://www.youtube.com/channel/UCqXpv3fnOcv-robjLbDINFQ/featured

  continue reading

57 episodes

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