ActionableMango
Active member
- Joined
- May 1, 2013
- Messages
- 44
I'm curious what the tax credit will be. Please by all means double-check my logic and numbers.
IRS tax code states:
$2500 base credit for the vehicle itself
+$417 "for a vehicle which draws propulsion energy from a bettery with at least 5 kilowatt hours of capacity"
+$417x(12-5) "additional $417 for each kilowatt hour in excess of 5"
Total: $5836
IRS tax code states:
Outlander PHEV has a 12kwh battery pack, so:For vehicles acquired after December 31, 2009, the credit is equal to $2,500 plus, for a vehicle which draws propulsion energy from a battery with at least 5 kilowatt hours of capacity, $417, plus an additional $417 for each kilowatt hour of battery capacity in excess of 5 kilowatt hours. The total amount of the credit allowed for a vehicle is limited to $7,500.
$2500 base credit for the vehicle itself
+$417 "for a vehicle which draws propulsion energy from a bettery with at least 5 kilowatt hours of capacity"
+$417x(12-5) "additional $417 for each kilowatt hour in excess of 5"
Total: $5836