News Electric cars just got a big boost to make them more affordable

[admin]

Changes are happening to the federal EV tax credit that will make electric cars even more affordable than ever.

Electric cars just got a big boost to make them more affordable : Read more

 

[DrPlanarian]

This article says the credit can be taken at point of sale. However, is the $7,500 credit able to be taken at the point of sale available to people like retirees whose total Federal tax liability is less than $7,500?

The previous credit was NOT refundable, meaning that you could only take either the $7,500 or the amount of your total Federal income tax liability, whichever is less, when you claimed the credit.

As a retiree VERY interested in purchasing an eligible vehicle, this is quite relevant to me.