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When GM tax credits ended, they massively dropped the price; like $10k on the Bolt. It's cheaper to buy a new Bolt now than stacking all the tax credits before.
Manufacturers should be motivating people to purchase their vehicles by making them awesome and affordable, not the government subsidizing wealthy people to purchase vehicles they otherwise wouldn't get at the expense of the public. Why should we give $7,500 to someone to purchase a Tesla instead of a Toyota Corolla?
Anyhow, at least if the credit was "refundable", it wouldn't be a subsidy only for the wealthy. Refundable credits like the first time homebuyer credit pay out the difference if one doesn't have enough tax liability. The IRS cut me an $8,000 check to purchase a house.
I don't begrudge anyone for legally taking advantage of something, even if it's a dumb idea.
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