IRS Issues New EV Tax Credit Guidance -- Rules Effective 4/18/23

[mmiles2012]

Yea, that's what Tesla used to do in their Tilburg Netherlands plant. They would almost completely assemble cars in Fremont, and then complete "final assembly" in Europe. That involved installing the battery and the drivetrain. No idea if the US will have a similar loophole.

Yes. Go google the "chicken tax." Funnily enough it's about pickup trucks.

Sponsored

 

[MidnightRivian]

Of course, since there is a price threshold of $80,000, none of the post-March 2022 Rivian's will be eligible, so there are relatively few R1's that will actually qualify for any of the Federal tax credit.

Dual motor R1S and R1T should qualify for some sort of credit. That is the model for cost conscious customers.

Dual motor R1S with standard pack and silver paint is less than $80,000
Dual motor R1T with standard pack or large pack is less than $80,000

 

[tobyringle]

Correct, except it's 8/15/2022 that should be used. Refer to the instructions here

What date do we use for “date acquired”? If we enter any date after 8/15/22, we receive an error saying “acquired date cannot be later than in-service date”. Do we use 8/15/22 for acquired date as well?

 

[freshpow]

What date do we use for “date acquired”? If we enter any date after 8/15/22, we receive an error saying “acquired date cannot be later than in-service date”. Do we use 8/15/22 for acquired date as well?

I would enter the date listed on your BPA from Rivian. My BPA was dated 8/10, so I used that for the date acquired and 8/15 for the in-service date. This is not tax advice

 

[tobyringle]

I would enter the date listed on your BPA from Rivian. My BPA was dated 8/10, so I used that for the date acquired and 8/15 for the in-service date. This is not tax advice

Thank you!

Sponsored