Quote:
Originally Posted by snizzle
It depends on your situation. You’ll get the deduction only if you owe taxes of course and even then only to the amount you owe which may be less than $7,500 max.
Also GM has used up all their credits. The credit is phased out for them already.
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Even then to say it's something only the 1% can afford is a little dramatic. Whether people like it or not electric cars are on their way here and no amount of complaining is going to change that.