Submitted by zoomerdog on January 22, 2020
I was planning on trading in my 2018 Model S 75D for a longer range model.
I discovered that I will need to write a check to the IRS for a portion of the tax credit, i.e. in addition to all the taxes I pay, I would need to write a check for an additional $5,000 (recapture of the initial $7,500 credit).
The regs refer to section 30D(f)(5) as in "If the vehicle no longer qualifies for the credit, you may have to recapture part or all of the credit. For details, see section 30D(f)(5).". However, nowhere can I find an explanation of the amount of the recapture.
Does anyone have any ideas?