Battery based electric vehicles of today and tomorrow.

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   / Battery based electric vehicles of today and tomorrow. #4,751  
   / Battery based electric vehicles of today and tomorrow. #4,752  
I wonder if these guys will figure out a way to get a tax credit for hay?

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   / Battery based electric vehicles of today and tomorrow. #4,753  
It looks like if you want to claim one on your 2021 return you have to buy it in 2021. I assume "alternative fuel" means EV, hydrogen, CNG, but would have to read the instructions.
And it has to be put in service before year end.

For a moment I thought I might add a 50+ amp welder outlet at home and also at a more convenient location at the ranch - but I don't have an EV yet, needed qualify for that. :(
 
   / Battery based electric vehicles of today and tomorrow. #4,754  
Love seeing the big horses. (y)(y) And someone else feeding them. :ROFLMAO:
 
   / Battery based electric vehicles of today and tomorrow. #4,755  
The Bible says in the end of time earth quakes
will increase, so will storms, bugs disasters etc

willy
 
   / Battery based electric vehicles of today and tomorrow. #4,756  
The Bible says in the end of time earth quakes
will increase, so will storms, bugs disasters etc

willy
another interesting thought is....the beginning of time and....if there was a beginning, what was before?
 
   / Battery based electric vehicles of today and tomorrow. #4,757  
another interesting thought is....the beginning of time and....if there was a beginning, what was before?
That's like trying to imagine the end of the universe. You could turn yourself into a blonde trying to figure that out... or just realize how insignificant we really are.
 
   / Battery based electric vehicles of today and tomorrow. #4,758  
That's like trying to imagine the end of the universe. You could turn yourself into a blonde trying to figure that out... or just realize how insignificant we really are.
i read...

time is what keeps everything from happening all at once
 
   / Battery based electric vehicles of today and tomorrow. #4,759  
It looks like if you want to claim one on your 2021 return you have to buy it in 2021. I assume "alternative fuel" means EV, hydrogen, CNG, but would have to read the instructions.
Sine the tax deduction was extended to 12/31/21, I don't know if it will be available next year. The exact quote from the instructions is:

"Use Form 8911 to figure your credit for alternative fuel vehicle refueling property you placed in service during your tax year. The credit attributable to depreciable property (refueling property used for business or investment purposes) is treated as a general business credit. Any credit not attributable to depreciable property is treated as a personal credit."

No where in the instruction does it mentioned about having to purchase the vehicle the year you take the alternative fuel vehicle refueling property deduction. So what I'm thinking this is a good time to install the recharging plug and get a refund of 30% of the cost (up to $1000). I am not a tax expert but hopefully there is someone here that can let me know if I am wrong. I still have 3 months to install the charger to get the credit. I may not get the EV for another 3 years.
 
   / Battery based electric vehicles of today and tomorrow. #4,760  
Last month the EV market share here in Norway was 77%.
 
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