Tax Credit - Senate Parliamentarian Reportedly Ruled

[Mark_AZR1T]

You sound confident in your assertion about waivers. Where are you getting your information?

Lobbyist friends say it's a done deal, hence why there is little noise on the subject out of any manufacturer....its typical for any bill of this nature... long transition period and waivers galore across the entire bill.....

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[RoadRunner]

Lobbyist friends say it's a done deal, hence why there is little noise on the subject out of any manufacturer....its typical for any bill of this nature... long transition period and waivers galore across the entire bill.....

That's great news, hope it ends up being correct!

 

[SASSquatch]

Lobbyist friends say it's a done deal, hence why there is little noise on the subject out of any manufacturer....its typical for any bill of this nature... long transition period and waivers galore across the entire bill.....

My friend, I hope you are right.

 

[Gamma rays]

If the bill is signed into law, waivers will be issued that will allow most every manufacturer of EV's to qualify....100% for 2022/2023 Rivian purchases including those with window sticker prices over $80K......My LE window sticker price is below.......(accessories will not count towards the cut-off)......

What a sales price bargain: $74,875 - $7500= $67,375!!!

You mean current rules for Rivian (and other EV manufacturers who haven't exhausted the 200K limit) for all deliveries during rest of 2022 and 2023? No price cap, no income cap, and no US source for batteries? That would be awesome news if true!

GR

 

[Acoustic71]

I take it you're not married?

Trust me, if you're married? You're the one doing the dishes!

 

[Mark_AZR1T]

You mean current rules for Rivian (and other EV manufacturers who haven't exhausted the 200K limit) for all deliveries during rest of 2022 and 2023? No price cap, no income cap, and no US source for batteries? That would be awesome news if true!

GR

To get this out of committee (passed AOC crowd), these constraints on natural gas, coal, oil, and EV mandates had to be in the original legislation, simply to get an okay from their constituents. Check that box. In parallel lobbyists were working the aisles for waivers and transition periods. Coupled with this Musk cut a deal to get in on the $5B in charging infrastructure investment opportunities that they were previously x'd out of by agreeing to open up their SuperCharger infrastructure. Check that box.

We'll end up with a 100% waiver on Lithium battery content, a 1-2 year transition period for the bulk of the bill and my guess with a hybrid version of the income limitation parameters. The 200,000 vehicle limitation will be pushed back to something else all-together and Tesla's will get in on the pie again ......no one should be worried unless you're at $500K (wishful thinking)for a couple on AGI...........YMMV

 

[Jac]

CNN reports this morning the Senate will be completing “vote-a-rama” consideration of amendment proposals early Sunday morning. House of Representatives expected to convene on Friday to pass the legislation.

”(CNN) - The Senate on Saturday voted to advance Democrats' sweeping health care and climate bill toward final passage -- putting the package on track to pass the chamber as soon as this weekend.”

https://www.cnn.com/2022/08/06/politics/senate-democrats-health-care-climate-bill-vote/index.html

 

[Autolycus]

I'm sure the lobbyist friend isn't making stuff up, but never count on something until it's done.

 

[R1Sky Business]

If the $7500 credit is not available due to the new bill, are people really contemplating canceling their preorder???

 

[thrill]

If the $7500 credit is not available due to the new bill, are people really contemplating canceling their preorder???

It's almost like the loss of an incentive has a negative effect.

 

[Autolycus]

If the $7500 credit is not available due to the new bill, are people really contemplating canceling their preorder???

Contemplating? Absolutely. Even with the tax credit, an R1S will cost more than 2x as much as my wife or I have ever spent on a car. I don't actually need something as capable or as large -- an R2 would probably be a better fit, depending on what form it actually takes. I'd like the capability and the size, some of the time, but the value proposition is already tight for me. $7500 extra might legitimately tip it over the edge and cause me to look at one of the other options coming to market in the next year or two.

 

[Gamma rays]

If the $7500 credit is not available due to the new bill, are people really contemplating canceling their preorder???

May be not for pre-March preorders, but it's going to take longer for Rivian to sell 200K units without the $7.5K tax credit.

GR

 

[Rivian_Hugh_III]

To get this out of committee (passed AOC crowd), these constraints on natural gas, coal, oil, and EV mandates had to be in the original legislation, simply to get an okay from their constituents. Check that box. In parallel lobbyists were working the aisles for waivers and transition periods. Coupled with this Musk cut a deal to get in on the $5B in charging infrastructure investment opportunities that they were previously x'd out of by agreeing to open up their SuperCharger infrastructure. Check that box.

We'll end up with a 100% waiver on Lithium battery content, a 1-2 year transition period for the bulk of the bill and my guess with a hybrid version of the income limitation parameters. The 200,000 vehicle limitation will be pushed back to something else all-together and Tesla's will get in on the pie again ......no one should be worried unless you're at $500K (wishful thinking)for a couple on AGI...........YMMV

From Your ears to God’s mouth!

 

[electruck]

The bill has now been passed by the Senate.

 

[R1Sky Business]

The bill has now been passed by the Senate.

Did they change anything important?

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