Quote:
Originally Posted by Ryland
The NEV tax credit is not $7,500 either, it's 10% of the cost or $2,500 and it's a non refundable tax credit, so you have to OWE $2,500 in federal taxes that you would then not end up paying.
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Maybe EV tax credit and NEV tax credit are different things?
I believe the EV tax credit is dependent on battery size up to 15kwh for the full $7,500. Which is why the Volt has a 15kwh battery.