Tax Credit Changes in new bill [LOCKED DUE TO POLITICS & ARGUING]

[R1Sky Business]

I think the last version of BBB was $250k single and $500k married. There were also caps on vehicle cost. I think $80k for trucks and SUVs.

Exactly

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[R1Sky Business]

NPR has a draft of the bill up. $7500, in two $3750 parts. Battery reqs may hurt Rivian, not sure. orders after 12/31/2022. MSRP Cap for trucks and suv is $80k. pre-march increase orders should be good (R1T)

Not the way most people configured them

 

[emoore]

I guess I have to see what gets defined as MSRP. Otherwise it’s a choice between adventure package and max pack.

 

[R1Sky Business]

Yup and they are even lower now. See above a few posts. I was planning on buying 2 new EVs. Thanks for the $15k tax hike if this passes.

Wow, they're really making it difficult to be an early adopter

 

[TXR1S]

The law as written in the text is extremely complex. Transition periods, battery content origin requirements, etc. going to be interesting to see this all parsed out.

 

[R1Sky Business]

The law as written in the text is extremely complex. Transition periods, battery content origin requirements, etc. going to be interesting to see this all parsed out.

months and months of nonsense.....can't wait.

 

[RivianXpress]

Only seems to apply to EV vehicles being purchased starting in 2023??

 

[TXR1S]

Disclaimer: IANAL

But based on my understanding of this section, I really want to sign a binding written purchase agreement RFN.

 

[R1Sky Business]

Only seems to apply to EV vehicles being purchased starting in 2023??

That's most of the Rivian buyers.....

 

[sacramentoelectric]

On page 387 of the bill, it looks like they're offering a $4k rebate when you buy a used electric vehicle that costs less than $25k. Get ready for the market price of every cheap EV to jump if they all come with a huge rebate. I'm going to lose my $7.5k rebate on the R1T but the value of my old i3 just jumped a few thousand. Am I reading this wrong?

Maybe the House can broaden this. Fingers crossed. Now would be a really great time for me to get access to the Shop.

 

[emoore]

Wonder if this will kill the max pack. Seems like there have been issues with it and now taking a 7500 hit to get one means it will get pushed out indefinitely.

 

[R1Sky Business]

Wonder if this will kill the max pack. Seems like there have been issues with it and now taking a 7500 hit to get one means it will get pushed out indefinitely.

Getting pushed out regardless

 

[emoore]

Getting pushed out regardless

Any evidence of that?

 

[Carmelbythesea]

Am I reading this right? Would this mean if we purchased the truck in 2022 the new law would apply to us? As part of the transition from the old system to the new one.


TRANSITION RULE.—Solely for purposes of the
21 application of section 30D of the Internal Revenue Code
22 of 1986, in the case of a taxpayer that—
23 (1) after December 31, 2021, and before the
24 date of enactment of this Act, purchased, or entered
25 into a written binding contract to purchase, a new 387 ERN22335 9K1 S.L.C. 1 qualified plug-in electric drive motor vehicle

 

[R1Sky Business]

Any evidence of that?

Unfortunately no evidence is the evidence

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