[jimjamuser]

Originally Posted by retiredguy123

As I understand it, whether or not you itemize has nothing to do with the $7500 EV tax credit. It is a credit deducted directly from your total tax obligation. But, you must have a tax obligation for the year to get the credit. So, as long as you paid at least $7500 in Federal income tax, you will fully benefit from the credit. If your tax obligation is less than $7500, you can only claim the amount of your tax obligation. However, there is a possibility that the car manufacturers will price the vehicles higher because they are aware of the tax credit you will receive.

Good informative post. Kudos !