whatsinaname
Member
I've never head that. Isn't tax credit based off of the battery size or are you referring to something else?
http://www.marketplace.org/topics/your-money/getting-personal/tax-credit-and-tax-rebate
For EVs, it is a Tax Credit. So if you only owe $5,000 in federal income tax in the year you bought the car, you only get that $5,000 discount. Not the full $7,500.
With a tax rebate, you would have gotten all the money back. I don't think tax credits can be carried over to next year either.