What is the current assessment of the likelihood of Tesla vehicles again qualifying for the the $7,500 US federal government tax credit or possibly $10,000 if including made in America provision? What purchase/pickup date would one have to have to qualify for the credit? I've seen various thoughts on whether that would be retroactive to late May, the date the legislation passes, or not until January 1, 2022. Assuming it could go into effect in July/August (passing this summer) why would anyone be purchasing a car now unless literally have nothing else to drive, his or her tax liability won't require the credit, certain it will take months to get the car with the increased demand the credit will drive, and/or Tesla will generally raise the price to offset much/all of the credit? I am currently in the 8 - 12 week window (placed M3 order at end of May) and want the car now but can't imagine my frustration if I had waited a couple of weeks/month and would have had a massive tax benefit.
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2021 EV Tax Credit
- Thread starter DLK1974VA
- Start date
MontyFloyd
Member
Idiot Republicans are just going to sit on their hands and grumble over this.
There is a lot of opposition to the Union clause of the EV credit, but because of the anti-patriotic refusal to negotiate with the Democrats simply damages the Republican party.
Look at the Infrastructure Bill passed a few days ago, even Republican who voted against the bill are crowing how much it will help their constituents.
There is no prefect bill, never was, never will be, but every one of them does help all Americans to some degrees.
Texas is Tesla country, and Cruz and Cornyn will kill themselves and hurt the state by not support the BBB bill. It will bring hundreds of billions of $$$ over decades to Texas.
There is a lot of opposition to the Union clause of the EV credit, but because of the anti-patriotic refusal to negotiate with the Democrats simply damages the Republican party.
Look at the Infrastructure Bill passed a few days ago, even Republican who voted against the bill are crowing how much it will help their constituents.
There is no prefect bill, never was, never will be, but every one of them does help all Americans to some degrees.
Texas is Tesla country, and Cruz and Cornyn will kill themselves and hurt the state by not support the BBB bill. It will bring hundreds of billions of $$$ over decades to Texas.
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I have spoke to multiple Tesla reps and was told that up to three times they won't really ask any questions. After the 3rd assignment they then reach out to you to see what the deal is. So you should be perfectly fine based on that. Alternatively, you could ask the rep to put a temporary hold on your account to the 1st of the year and then lift the hold when you are ready.
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^^^ This times a million.
Can we stop with the retroactive nonsense and misinformation? They are trying to trim costs already. The Senate version is outdated and should not be considered.
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t.e.s.l.a_dude
Member
Thanks for the info. When I put the hold end of October, I told the Tesla online chat support person that I want to take delivery in 2022, that's why they automatically put the hold until December 31. I'll wait and see what happens in the Senate. If it looks it is going somewhere I will extend the hold, if not, I will just proceed with the delivery.
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The tax credit is a positive and negative for Tesla owners. Positive: Lower upfront cost. Negative: Lower resale value (and depreciation returns due yearly downward pressure from tax credit)
Personally, I find the EV credit unnecessary spending along with much of the bill. I also found the last corporate tax cut completely unnecessary too (and no surprise it was used to buy back stock and not invest in jobs). It's best if governments just do nothing
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So did you get a new VIN assigned after the 30 day hold? What was your EDD at that point?
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t.e.s.l.a_dude
Member
The EV tax credit will apply to used EV's as well though, so the market will adapt.The tax credit is a positive and negative for Tesla owners. Positive: Lower upfront cost. Negative: Lower resale value (and depreciation returns due yearly downward pressure from tax credit)
Personally, I find the EV credit unnecessary spending along with much of the bill. I also found the last corporate tax cut completely unnecessary too (and no surprise it was used to buy back stock and not invest in jobs). It's best if governments just do nothing
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Yeah, but it is fairly limited for used vehicles:
- $4000 max credit, limited to 50% of purchase price
- Under $25,000 sale price
- At least two model years old
- AGI of buyer under $75k ($150k for married)
In other words almost no used Tesla will qualify for the tax credit.
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Except maybe an oooooooooold Model S (like 2013 version). That has like 150k miles on it. Lol
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MontyFloyd
Member
@h2ofun
What?
The BBB will eventually become law no matter if you like or not. Smart politicians will still find ways to make any bill work for them, even if eventually they will not vote for it, as we have seen by a few No-vote Republicans claiming victory.
Or is it you support Unions?
What?
The BBB will eventually become law no matter if you like or not. Smart politicians will still find ways to make any bill work for them, even if eventually they will not vote for it, as we have seen by a few No-vote Republicans claiming victory.
Or is it you support Unions?
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talkingevs
GO AVS! 2022 CHAMPS!
If this passes the Senate before Christmas and Biden signs it, will it apply retroactively to all 2021 or go into affect starting Jan 1st. That's what I'm most curious about
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The BBB that the house passed says this:
Who knows that modifications the senate will make to it.
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t.e.s.l.a_dude
Member
Most likely it will apply to vehicles purchased after 1/1/2022. The next week we should have some feedback hopefully about the negotiations in the Senate.
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