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The IRA bill has a revamped EV tax credit. And it is complex.

Posted by TWuG Aug 7 '22, 19:45

There are now income limits and MSRP requirements, as well as requirements for assembly and battery materials sourcing taking place in the US.

But the cap on total vehicles sold per manufacturer has been lifted. That means Tesla, GM, and Toyota will all have some vehicles that will qualify.

The credit is also generated at delivery, not the following April.

https://electrek.co/2022/08/07/senate-improves-ev-tax-credit-in-largest-climate-bill-ever/ (electrek.co)

Responses:

there were always income limits (at least for the CA state rebate -- not a credit). but basically (1) final assembly has to be in the US and (2) no - hollywood big shot Aug 7, 21:19
I confirmed my Fisker down payment, so hopefully it qualified -- nm - JaxSean Aug 7, 20:02 3
- The Fisker Ocean? I do hope you went nuts and ordered the Karma. -- nm - Krusty Aug 7, 20:20 2
  - That's his old brand. The Ocean we ordered the Ultra -- (link) - JaxSean Aug 7, 20:45 1
    - I hope you two love it! -- nm - Krusty Aug 7, 21:02
I'm still very angry that e-bikes and scooters were cut from the bill. Very angry. -- nm - Krusty Aug 7, 19:49

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The IRA bill has a revamped EV tax credit. And it is complex.

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