Advertisement
Find a Car
Go!

Should The Electric-Car Tax Credit Be A Rebate? #YouTellUs

Follow Joel

2011 Nissan Leaf and 2011 Chevy Volt, with charging station visible; photo by George Parrott

2011 Nissan Leaf and 2011 Chevy Volt, with charging station visible; photo by George Parrott



Did you know that when you buy a qualifying electric car, that the hefty $7,500 federal subsidy is a tax credit, not a tax rebate?

The current electric-car credit is quite a messy affair. You must owe X amount in taxes to fully utilize the credit. This fine little detail isn't really advertised quite as loudly as the fact that you get a $7,500 tax credit on vehicles such as the new 2011 Chevrolet Volt and 2011 Nissan Leaf.

With all the political hoopla surrounding the program, and how it doesn't benefit all shoppers the same, you'd think more of us would know the details--but we don't.

At the end of the day, would a rebate be easier than a credit? We want you to know, since ultimately, you're footing the bill. Should the Feds make the electric-car tax credit a tax rebate? Tweet us your response and make sure to include the hashtag #TaxMan-- and you'll join the chorus right here via CoverItLive.

Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
 

Have an opinion? Join the conversation!

Advertisement
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Advertisement
Take Us With You!
   
Related Used Listings
Browse used listings in your area
Advertisement

More From High Gear Media


 
 
© 2014 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.