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609 Views 4 Replies 2 Participants Last post by  lllaible1
My dealer is selling at MSRP, 2022 Lariat ER. It comes up on it's 6 mo period Feb 6,2023. MSRP before destination charge is $79549 after destination charge $81244 will it qualify for EV tax credit?
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My dealer is selling at MSRP, 2022 Lariat ER. It comes up on it's 6 mo period Feb 6,2023. MSRP before destination charge is $79549 after destination charge $81244 will it qualify for EV tax credit?
IRS says:
To qualify, a vehicle must:
  • Have a battery capacity of at least 7 kilowatt hours
  • Have a gross vehicle weight rating of less than 14,000 pounds
  • Be made by a qualified manufacturer. See our index of qualified manufacturers and vehicles.
    • FCVs do not need to be made by a qualified manufacturer to be eligible. See Rev. Proc. 2022-42PDF for more detailed guidance.
  • Undergo final assembly in North America
The sale qualifies only if:
  • You buy the vehicle new
  • The seller reports required information to you at the time of sale and to the IRS.
    • Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.
In addition, the vehicle's manufacturer suggested retail price (MSRP) can't exceed:
  • $80,000 for vans, sport utility vehicles and pickup trucks
  • $55,000 for other vehicles
MSRP is the retail price of the automobile suggested by the manufacturer, including options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay.

To confirm whether a vehicle is a van, sport utility vehicle, pickup truck or other, see our qualified vehicles and manufacturers.

You can find your vehicle's weight, battery capacity, final assembly location (listed as “final assembly point”) and VIN on the vehicle's window sticker.

To check online if a specific vehicle meets the requirements for final assembly location, go to the Department of Energy's page on Electric Vehicles with Final Assembly in North America and use the VIN Decoder tool under "Specific Assembly Location Based on VIN."



It looks like your biggest issue is whether it is considered "new" in your sate. Was it titled and registered?
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In Kansas were I live and the dealer is located doesn't require to be titled by dealer so that part is good to go. I just didn't know if destination charge was added to MSRP which would go over the $80,000 limit.
At $79549 it looks like you sneak in right under the wire.
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