CleanTech Talk — Tesla, Solar, Battery, Climate, AI, EV, & Other Tech News & Analysis cover image

Diving DEEP Into Inflation Reduction Act & EV Subsidies

CleanTech Talk — Tesla, Solar, Battery, Climate, AI, EV, & Other Tech News & Analysis

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IRC 30D Tax Credit

The previous version of the, what was called IRC 30D, which we all refer to as just the federal EV tax credit provided up to a $7,500 tax credit. In 2019, basically 80% of the tax credit went to people making above $100,000 a year and more than 50% made above $200,000 right? And I think if you talk about who is driving cars that don't have fully functional emission systems, who is driving vehicles that are running with worn out tires -- they're doing a disproportionate amount of polluting simply because they can't afford to upgrade their vehicle. 25% of the vehicles on the road in America today are 16 years or older.

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