[cptskippy]

> The majority of the EV market is high-end, luxury vehicles.

That's false.

> It exclusively benefits low volume, high margin EVs.

That's also false. It benefits high margin vehicles regardless of volume and high margin does not necessarily mean luxury.

> Meaning if you sell more than 200,000 cars you no longer get the credit.

That's also false. Crossing the 200k mark starts a phase out process that takes a year.

So if GM managed to produce and sell 10 million ICE cars in the United States in 1 calendar year, the buyers would all receive a tax credit.

As yet, no manufacturer has reached 200k sales in the United States. Again Nissan leads the pack but has yet to reach the 200k mark.