Quote:
Originally Posted by smyles
First, I'm not sure how exactly BMW arranges that, since we're talking about individual income tax credit vs. corporate entities. In simple terms, not every lessee's income is eligible to full or partial credit, yet BMW collects full amount every time (not to mention you have to own the vehicle, which lessee don't)?
Second, and this can be related to the above, there many other tax & credit stipulations (CARB, state, etc.) for car manufacturers, so they have to manipulate their EV/plugin stock and sales to maximize benefits (and minimize costs). I suspect BMW collect those, but claims 'we're passing saving to you', which technically is misleading.
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Yeah, all this ... my understanding is:
(1.) This is FEDERAL credit, not a state credit (BMW dealerships have more room there)
(2.) It's not a blanket $7500 - the amount varies with the car
(3.) The credit is only avail for automakers who've sold <200k ev cars, i.e., Tesla is no longer eligible and hasn't been since 2018