Electric trucks make no sense unless you factor in incentives. If you buy a vehicle over one hundred thousand dollars you get to right off eighty percent of the cost against profit in the first year. Say you made $100k profit. Even though you haven’t actually paid for the vehicle yet, you only pay taxes on $20k. There are a dozen or so videos explaining this. I chose this one at random. The thing to note here is this is a tax dodge, not the signal that electric vehicles are here to stay.
https://www.youtube.com/watch?v=CzziJLLJDKE
“The thing to note here is this is a tax dodge, “
Probably the one your neighbor is using for his gas-powered Suburban!
And it is rapidly going away.
Electric trucks make no sense unless you factor in incentives. If you buy a vehicle over one hundred thousand dollars you get to right off eighty percent of the cost against profit in the first year. Say you made $100k profit. Even though you haven’t actually paid for the vehicle yet, you only pay taxes on $20k. There are a dozen or so videos explaining this. I chose this one at random. The thing to note here is this is a tax dodge, not the signal that electric vehicles are here to stay.
https://www.youtube.com/watch?v=CzziJLLJDKE
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I looked at your video. This tax dodge/incentive from the IRS applies to all heavy vehicles over 6000 lbs. Electric or diesel or gasoline. Am I missing something? IOW not just applicable to electric powered Tesla semis that PepsiCo signed up for.