[PorscheGAL]

That article overcomplicates things for most buyers:

For the most part, if you are buying, the $7500 comes off the purchase price at the time of purchase.

For instance: A new Tesla Model 3 base model is $41,000-$7500 tax credit= 33,500 loan amount.

If you live in a state with rebates, most of those will come off the purchase price also, so the loan amount goes down.

I recently read an article about a guy in California who, after rebates, financed $16,000. He qualified for federal, state, a low income rebate, and a rebate from his electric company.

There are people who may not easily qualify for the immediate rebate like self employed with income variations. In that case, they may need to file it with their taxes. There is a line on the 1040 for EV purchase to claim the $7500