this post was submitted on 16 Sep 2023
36 points (97.4% liked)

[Dormant] Electric Vehicles

3188 readers
1 users here now

We have moved to:

!electricvehicles@slrpnk.net

A community for the sharing of links, news, and discussion related to Electric Vehicles.

Rules

  1. No bigotry - including racism, sexism, ableism, casteism, speciesism, homophobia, transphobia, or xenophobia.
  2. Be respectful, especially when disagreeing. Everyone should feel welcome here.
  3. No self-promotion.
  4. No irrelevant content. All posts must be relevant and related to plug-in electric vehicles — BEVs or PHEVs.
  5. No trolling.
  6. Policy, not politics. Submissions and comments about effective policymaking are allowed and encouraged in the community, however conversations and submissions about parties, politicians, and those devolving into general tribalism will be removed.

founded 2 years ago
MODERATORS
Sunshine@lemmy.ca
Ceres@lemmy.world
36
Staggering buying an EV and EV charger (startrek.website)
submitted 1 year ago* (last edited 1 year ago) by Wooster@startrek.website to c/evs@lemmy.world
14 comments fedilink hide all child comments
 

Something to consider:

Everyone knows about the US tax incentives for buying an EV, but less considered is the incentives for buying an EV charger.

The incentives come in the form of a tax credit, up to the maximum of $7,500/$4,000 or how much you owe in taxes (pre withholdings and the like) whichever is lower. The charger credit is up to $1,000.

So, if your taxes are, say, $3,000, then it doesn’t matter if you bought a new or used EV, you’re only getting $3,000 off your taxes, and your charger credit is effectively worthless.

Consider, if practical, buying your EV towards the end of the tax year, and your charger at the beginning of the next one. You’ll minimize the inconvenience of being locked to level 1 charging speeds, while maximizing your tax credits.

Obviously, if you need a level 2 charger you shouldn’t self sabotage and should just buy one. But if you’re counting your pennies, and think you can get by with level 1 for that window, then it’s something to keep in mind.

you are viewing a single comment's thread
view the rest of the comments
[–] NotMyOldRedditName@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Ya that's a really good point about the time of day charging incentives. That can add up a lot quicker if you have access to it. When you're on level 1 you don't have the luxury of choosing when to charge unless it's a really short commute.