I have been looking and cannot find confirmation it did pass in the green new deal or if it was removed at the end?
If it was included, is it active for new Tesla’s purchased now?
If it was included, is it active for new Tesla’s purchased now?
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Did the $7k additional tax rebate pass?
- Thread starter davenlei
- Start date
The house bill was introduced in feb and it hasn't even been brought to committee. Can follow here GREEN Act of 2021 (H.R. 848).
I think there may be a senate bill as well, but that similarly has gone nowhere. I would not hold your breath.
I think there may be a senate bill as well, but that similarly has gone nowhere. I would not hold your breath.
Here you go. You're in CA and may be eligible for CVAP and CVRP, plus the clean fuel program. That saves you pretty much 11k. If you definitely need the tax credit, then by all means wait. but the eventually the current incentives will run out.
OCJeff
Active Member
Thanks for all the info! I am new to this community (coming from the Lexus community), and am happy with how engaged everyone is!
Mrbrock
Active Member
There is also the CARS Act.
www.govtrack.us
Electric CARS Act of 2021 (2021 - S. 395)
A bill to amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.
www.govtrack.us
Agreed. I can see how that makes sense too. If you’re gong to have charging stations as part of the infrastructure bill, why not include an EV credit?
SkynetT10000
Member
yup cvap is already gone for a few months due to funds exhausted if i would have waited i would have lost out 5k because who knows when they get funds with the backlog they have.
Might as well apply for the 5k cvap and plan to be patient for the 7k federal tax, biden should make it sweet..
ArizonaJon
Member
Followed the link. Noticed it showed a 4% guestmate on passing.There is also the CARS Act.
Electric CARS Act of 2021 (2021 - S. 395)
A bill to amend the Internal Revenue Code of 1986 to extend certain tax credits related to electric cars, and for other purposes.
Mrbrock
Active Member
OCJeff
Active Member
I think it really all depends on what they can get rolled into the Infrastructure Bill. From what I read they plan to allocate $50Billion for each of the next 10 years to alternative fuel vehicles (so $500 billion total) Charging network and other incentives but I couldn’t find any details beyond that. The bill was very vague.
As an independent bill I don’t see these getting traction in the house or senate, but that is 100% opinion.
As an independent bill I don’t see these getting traction in the house or senate, but that is 100% opinion.
From my reading of the actual bill so far, cars bought during the transition period (defined as the beginning on the date Tesla was no longer able to get the credit until the enactment of this bill) will count towards the 400,000 additional cars and will receive a tax credit of 7000. I am not a lawyer, but here is an excerpt of Section 401 of this bill Text of H.R. 848: GREEN Act of 2021 (Introduced version) - GovTrack.us
(1)
In general
In the case of any new qualified plug-in electric drive motor vehicle sold after the date of the enactment of the GREEN Act of 2021—
(A)
if such vehicle is sold during the transition period, the amount determined under subsection (b)(2) shall be reduced by $500, and
(B)
if such vehicle is sold during the phaseout period, only the applicable percentage of the credit otherwise allowable under subsection (a) shall be allowed.
(2)
Transition period
For purposes of this subsection, the transition period is the period subsequent to the first date on which the number of new qualified plug-in electric drive motor vehicles manufactured by the manufacturer of the vehicle referred to in paragraph (1) sold for use in the United States after December 31, 2009, is at least 200,000.
(1)
In general
In the case of any new qualified plug-in electric drive motor vehicle sold after the date of the enactment of the GREEN Act of 2021—
(A)
if such vehicle is sold during the transition period, the amount determined under subsection (b)(2) shall be reduced by $500, and
(B)
if such vehicle is sold during the phaseout period, only the applicable percentage of the credit otherwise allowable under subsection (a) shall be allowed.
(2)
Transition period
For purposes of this subsection, the transition period is the period subsequent to the first date on which the number of new qualified plug-in electric drive motor vehicles manufactured by the manufacturer of the vehicle referred to in paragraph (1) sold for use in the United States after December 31, 2009, is at least 200,000.
OCJeff
Active Member
(ii)
Exclusion period
For purposes of this subparagraph, the exclusion period is the period—
(I)
beginning on the first date on which the number of new qualified plug-in electric drive motor vehicles manufactured by the manufacturer of the vehicle referred to in paragraph (1) sold for use in the United States after December 31, 2009, is at least 200,000, and
(II)
ending on the date of the enactment of the GREEN Act of 2021.
Exclusion period
For purposes of this subparagraph, the exclusion period is the period—
(I)
beginning on the first date on which the number of new qualified plug-in electric drive motor vehicles manufactured by the manufacturer of the vehicle referred to in paragraph (1) sold for use in the United States after December 31, 2009, is at least 200,000, and
(II)
ending on the date of the enactment of the GREEN Act of 2021.
OCJeff
Active Member
We are all just waiting patiently for updates. Or for this to be rolled into a Biden bill.
The original transition period is the phase-out period.
The original transition period is the phase-out period.
Uncle Paul
Well-Known Member
This may be true, but it looks like Tesla sold 500,000 cars in 2020 alone, and is way past 600K total.
Tesla deliveries by quarter 2023 | Statista
Tesla quarterly deliveries worldwide broke records in 2022 and 2023. This came after Tesla deliveries increased to over 300,000 in the fourth quarter of 2021.
www.statista.com
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