[edcable]

"The new EV tax credits would be limited to trucks, vans and SUVs with a suggested retail price of no more than $80,000 and to cars priced at no more than $55,000. They would be limited to families with adjusted gross incomes of up to $300,000 annually."

https://www.google.com/amp/s/www.usnews.com/news/us/articles/2022-07-27/senate-democratic-deal-includes-new-ev-tax-credits%3fcontext=amp

 

[Fryballin]

Would this $80k mean a specked out Lariat 511A might not be eligible?

 

[edcable]

From

Senate moves forward with EV tax credit reform; Tesla (TSLA) to be included back and more

The US Senate is going to move forward with a sweeping new bill after Senator Joe Manchin finally accepted to...

electrek.co

"We pulled the information from the bill and confirmed all the changes to the EV federal tax credit in the new version:

• Federal tax credit for EVs maintained at $7,500
  • Eliminates tax credit cap after automakers hit 200,000 EVs sold, making GM and Tesla once again eligible
  • The language in the bill indicates that the tax credit would be implemented at the point of sale instead of on taxes.
  • In order to get the full credit, the electric vehicle needs to be assembled in North America, the majority of battery components need to come from North America, and contain a certain percentage of minerals from countries with free trade agreements with the US.
• A new federal tax credit of $4,000 for used EVs
• Zero-emission vans, SUVs, and trucks with MSRPs up to $80,000 qualify
• Electric sedans priced up to $55,000 MSRP qualify
• The full EV tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, $300,000 for joint filers"

 

[Njev]

Does the language say the bill will apply from 2023?

 

[Meher]

what happens if the MSPR is $82,000 with all options and destination charges?

 

[Fryballin]

what happens if the MSPR is $82,000 with all options and destination charges?

My question as well.

 

[Berm]

Destination charges wouldn't apply, options do. Dealer markups & other fees also wouldn't apply.

 

[Voltz]

I remember back when the $80,000 cap in legisaltion looked like a strong 'maybe', Ford dropped the Max Tow by $40 ($856->$825) to bring Lariat ER to $79,994, including destination and delivery. The D&D increase of $100 after it failed put it back over $80k. I hope D&D doesn't apply towards MSRP, even though I'm not affected.

 

[Meher]

Destination charges wouldn't apply, options do. Dealer markups & other fees also wouldn't apply.

Thanks Berm, Then it will put me below $80 K. But, once all this law is written and passed we don't exactly know if this new thing is effective right-away or beginning 2023.

 

[MrLopes2022]

From

Senate moves forward with EV tax credit reform; Tesla (TSLA) to be included back and more

The US Senate is going to move forward with a sweeping new bill after Senator Joe Manchin finally accepted to...

electrek.co

"We pulled the information from the bill and confirmed all the changes to the EV federal tax credit in the new version:

• Federal tax credit for EVs maintained at $7,500
  • Eliminates tax credit cap after automakers hit 200,000 EVs sold, making GM and Tesla once again eligible
  • The language in the bill indicates that the tax credit would be implemented at the point of sale instead of on taxes.
  • In order to get the full credit, the electric vehicle needs to be assembled in North America, the majority of battery components need to come from North America, and contain a certain percentage of minerals from countries with free trade agreements with the US.
• A new federal tax credit of $4,000 for used EVs
• Zero-emission vans, SUVs, and trucks with MSRPs up to $80,000 qualify
• Electric sedans priced up to $55,000 MSRP qualify
• The full EV tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, $300,000 for joint filers"

he full EV tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, $300,000 for joint filers"
so families making over $300.000.. would be a prorated or $0.00?

 

[Roy EV Hunter]

Destination charges wouldn't apply, options do. Dealer markups & other fees also wouldn't apply.

Destination fee is shown as part of the MSRP on everything I see.

 

[ChasingCoral]

Remember that the legislation is still proposed, not passed. All of these fine details may change. However, if you have particular concerns you want to see addressed, contact your Senators and Congressional Representatives.

 

[Mothertrucker]

Tax Credits

Good news! If you ordered but don't have a signed contract for the Ford F150 Lightning but are still waiting for the truck to be delivered to your dealer you are in luck as you are still eligible for the $7,500 tax credit. The only change to the existing electric vehicle credit that takes effect...

www.lightningowners.com