ST Alpha - "A detailed look at how the new EV credit will affect builders, sellers, and buyers. -- (link)" (Reading a Post)

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A detailed look at how the new EV credit will affect builders, sellers, and buyers. -- (link)

Posted by TWuG Aug 8 '22, 09:27

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https://twitter.com/enn_nafnlaus/status/1556659404698779650?t=OIXbIjw0vVAXoSV_p_O05Q&s=19 (twitter.com)

Responses:

the problem (for now) is all US manufacturers have basically surrendered to SUV/truck profits and the suckers willing to overpay for that shit are not - hollywood big shot Aug 8, 10:54
VW forums are going crazy about what this means for people who have ID4s on order (my sister). if they receive german-made cars, are they not elig? -- nm - amanda Aug 8, 10:23 2
- The thread indicates cars ordered now, but delivered next year, get the credit under this year's rules. - TWuG Aug 8, 10:31 1
  - oh cool. thanks. -- nm - amanda Aug 8, 10:32
Was reading a bit about this also. The dealer credit part is pretty interesting. Too bad about Aptera also. I wonder if GM is going to raise their - oblique Aug 8, 09:35 1
- There would need to be demand for the Bolt to warrant a price hike. I think the battery issue soured the name -- nm - TWuG Aug 8, 09:55
This is the only thing anyone looking for a tax credit needs to remember... - Mop Aug 8, 09:33 9
- Yes. Though now the option exists to assign the credit to the dealer in exchange for a reduction in purchase price. - TWuG Aug 8, 09:40
- That’s not how tax credits work. It doesn’t matter whether or not you get a refund every year. Credit eligibility is based on your total tax liability. -- (edited) - znufrii Aug 8, 09:38 6
  - Of course, you're absolutely right. But the fact of the matter is it's easiest for me to comprehend in this way. - Mop Aug 8, 09:45
  - IE: Make sure you have paid at least $7500 (in the case of EV) of tax. I probably should email our tax person and see if we need to do anything - oblique Aug 8, 09:41 4
    - Mostly right. I don’t know if they changed it here, but the prior credit was actually subject to the AMT floor, not the zero floor. - znufrii Aug 8, 09:43 3
      - The trick is... I don't know how I'm supposed to make that happen? Like buy stock? Withdraw early from my 401K? -- nm - Mop Aug 8, 09:52 2
        
        don't claim your kids? -- nm - amanda Aug 8, 10:07
        
        *shrug emoji* -- (edited) - znufrii Aug 8, 10:01
- thanks for this -- nm - St. Epiphany Aug 8, 09:35

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