Trying to determine the probability that I qualify for the federal EV tax credit.
Ordered 2023 model May, 2022.
Delivery and purchase will be December, 2022. Manufactured in TN.
MAGI is over $300k.
From what I can tell, if I take delivery in 2022 then my MAGI is not a problem.
Is it a problem...
I just tweeted this to Sec. of Treasury Yellen and President Biden:
Please review IRA limitations on EV credits. Almost no new EVs will qualify for them for the next 2 years. Limits on battery source elements and cars not assembled in US will hobble efforts to increase EV...
Reviewed the Senate Inflation Reduction Act bill text and, as it is currently written, ID4's coming from Germany will not qualify for the federal tax credit starting with any vehicles sold as of the day after the act is signed into law. Here are the relevant parts:
The above is from page 366...