2022 Tax credit
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2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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The Inflation Reduction Act did away with the 200,000 EV cap so it doesn’t matter.
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This is from the IRS guide on the tax credits. As I read it the 200,00 cap still applies to vehicles purchased before 1/1/2023
Vehicles Purchased and Delivered between August 16, 2022 and December 31, 2022
If you purchase and take possession of a qualifying electric vehicle after August 16, 2022 and before January 1, 2023, aside from the final assembly requirement, the rules in effect before the enactment of the Inflation Reduction Act for the EV credit apply (including those involving the manufacturing caps on vehicles sold). If you entered into a written binding contract to purchase a new qualifying vehicle before August 16, 2022, see the rule above.
Vehicles Purchased and Delivered between August 16, 2022 and December 31, 2022
If you purchase and take possession of a qualifying electric vehicle after August 16, 2022 and before January 1, 2023, aside from the final assembly requirement, the rules in effect before the enactment of the Inflation Reduction Act for the EV credit apply (including those involving the manufacturing caps on vehicles sold). If you entered into a written binding contract to purchase a new qualifying vehicle before August 16, 2022, see the rule above.
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Credits for New Electric Vehicles Purchased in 2022 or Before | Internal Revenue Service
If you bought or leased a new, qualified plug-in electric vehicle (EV) in 2022 or before, you may be eligible for a clean vehicle tax credit up to $7,500 under IRC 30D.
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The reason they responded as they did is it won't apply in December. They have not hit the cap.
2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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Under the old law, reductions in the tax break don’t start until the end of the quarter after the quarter when the automaker reaches 200,000. They’re aren’t 2 quarters left in 2022 so it doesn’t matter.
I'm no expert, but may want to check that mannequin qualifies as a "new" vehicle as I believe the tax credit is only applicable for new EV until IRA kicks in next year. I'm sure others here know more than I do on this front.
They qualify as new
The other two catches for the tax credit is, the vehicle must cost less than $80,000 and your combined family income must be under I think $275,000, it might be $300,000
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Not for this specific topic – the 2022 tax year credit. The only requirement that changed on 8/16/22 is final vehicle assembly must occur in North America.
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I just checked with the dealer, the mannequin is just another new unregistered truck in their inventory. I checked with a CPA and the rebate goes to the first buyer to register the truck. Final vehicle assembly is in NA so I should be good to go.
2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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It depends on your state. If the mannequins remain untitled, they are new. Some states require registration and titling. For the Mustang Mach E, Ford put in place a special program to rebate the $7500 to buyers of mannequins where they were not considered new.
I haven't seen a comparable document for the Lightning but this program from the Mach E will show you the states where mannequins are not considered "new":
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not for purchases in 2022
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only restrictions this year is 200k which ford is good on and if the final assembly is in north america which ford is good on. it qualifies for the full 7500 federal rebate plus whatever state rebates you are entitled to. also there is a federal rebate for installation costs for the charger up to 1,000
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