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Proposed Tax Credit by Model

Do you think the current proposal is an overall improvement to the current program?


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OEVA

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The OEVA and EAA have a goal of promoting the adoption of EVs thru education. We took a look at how the at how the proposed tax credit will impact EVs available (including most upcoming in 2022). This is a fairly comprehensive list, but we likely missed at least one or two (Hypercars and highly speculative vehicles were generally omitted).

Some models straddle the MSRP cap depending on configuration. Some or all versions of those models would be eligible depending on the specific wording in the final bill.

Model names in Red lose their Tax Credit under the current proposal
Model names in Green regain a Credit
Additional columns were added looking at some possible changes and how they would impact the tax credit available.

Rivian R1T R1S Proposed Tax Credit by Model 1635962265350


Most PHEVs have their credit amount reduced due to the 40kWh battery provision.
If the only change made to the current code was restructuring the credit $ per kWh (maxes out at a 16kWh pack size) to the proposed $4,000 base and $$3,500 for a 40 kWh+ pack size (move to 50 kWh later), only PHEVs would see much impact (with just a couple of exceptions). Tesla and GM would still be out, and all other manufacturers would have their credits phase out after they too reached 200K vehicles sold.

Presenting this information helps concerned citizens to make relevant comments to their elected representatives. If there are things you see here that you think are important to change, the window to do so is closing rapidly.
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rajasaab

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Why is the R1S in red?
 

camaroz1985

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Why is the R1S in red?
At the time the chart was made, it would not be eligible based on MSRP. Until the most recent proposal, it was limited to $69,000 for SUVs. It is now $80,000, in the current proposal, so the R1S would be eligible for the $7,500 like the R1T. How the MSRP limits are set (whether it is base price for the model, or actual price of the car as purchased) is still unknown.
 

rajasaab

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Phew!! Got me worried:))
 

St Bernard

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At the time the chart was made, it would not be eligible based on MSRP. Until the most recent proposal, it was limited to $69,000 for SUVs. It is now $80,000, in the current proposal, so the R1S would be eligible for the $7,500 like the R1T. How the MSRP limits are set (whether it is base price for the model, or actual price of the car as purchased) is still unknown.
[/
I saw this on the Porsche Taycan Forum-“The latest House version of the BBB act, which appears ready to pass today in the House, has the following new (revised) section with upper MSRP limits on eligible newly purchased EVs:

[cut-and-pasted from Part 4, Sec. 136401, new Sec. 36C.d]

(d) Manufacturer's Suggested Retail Price Limitation.--
``(1) In general.--No credit shall be allowed under
subsection (a) for a vehicle with a manufacturer's suggested
retail price in excess of the applicable limitation.
``(2) Applicable limitation.--For purposes of paragraph
(1), the applicable limitation for each vehicle classification
is as follows:
``(A) Sedans.--In the case of a sedan, $55,000.
``(B) Vans.--In the case of a van, $64,000.
``(C) Sport utility vehicles.--In the case of a
sport utility vehicle, $69,000.
``(D) Pickup trucks.--In the case of a pickup
truck, $74,000.”
If passed after Senate approval is not good news.
 

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majorfriend

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The current text on congress.gov has the msrp limits back down. The R1S is ineligible.
 

TXR1S

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The current text on congress.gov has the msrp limits back down. The R1S is ineligible.
Please share a link, what is the date on the text you are looking at?
 

Dbeglor

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The current text on congress.gov has the msrp limits back down. The R1S is ineligible.
The story is not over, it still has to go through Senate revisions, and Manchin holds the power.
 

TXR1S

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The current text on congress.gov has the msrp limits back down. The R1S is ineligible.
This is definitely incorrect. The text you are looking at is the original text as introduced. Through all the amendments, they adopted rules committee print 117-18.

https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-18.pdf

The proposal in this thread is what passed today.

https://www.rivianforums.com/forum/threads/tax-credit-proposal-house-bill-11-3.2640/
 

majorfriend

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