That is all great until you add any option, and then it no longer qualifies.
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IRS weighs in on tax rebate, mostly bad news for Model Y
- Thread starter Hookemhorns
- Start date
electricar
Member
As far as I can tell it also violates trade agreements in place both with the Eurozone and some Asian countries. Too bad our legislators don’t bother to read the laws that the lobbyists write for them before they vote on them. AI could write better laws than the Media Personalities we call representatives.
kishkaru
Member
Topic B — Frequently asked questions about income and price limitations for the New Clean Vehicle Credit | Internal Revenue Service
Frequently Asked Questions about income and price limitations for the new Clean Vehicle Credit.
So does that mean upfront payment for FSD is excluded from the MSRP calculation? Since it's software and not "physically attached" to the vehicle. Every car gets the FSD computer, which is what's "physically attached" to the car.
MSRP is listed on the Monroney sticker. I have little doubt that will be the IRS standard, as that is what the manufacturer reports. Fell free to argue with them, you might convince them to wade into that morass.
IRS employees are stuck in the office & commute only with tail pipes and have no clue about EVs-IRS clowns!
Olle
Active Member
I think this is the only credible explanation. The 7 seater is a van.
I agree, I think they knew a decent amount. I just don’t think we’ll ever know exactly how much.
Well, ID.4 AWD minimum ground clearance is 6.8", 17.272cm, but axle clearance is higher.
(The AWD version has more ground clearance than the RWD version, maybe specifically to meet SUV definitions.)
My guess is this is based on weight. The base Model Y is somewhere around 4420 lbs, and I would guess the 7-seat variant might be just over 4500 lbs (can't find the weight for the 7-seat specifically). Looking at others in the list:
"SUV":
Audi Q5 PHEV - 4619 lbs
Chrysler Pacifica PHEV Minivan - 5010
Jeep GC PHEV - 5325
Jeep Wrangler PHEV - 5100
Rivian R1S - 7068
Rivian R1T - 7148
VW ID.4 AWD - 4834
"Car":
Mustang Mach E - 4394
Nissan Leaf = 3516
Tesla Model 3 - 3648
Volvo S60 PHEV - 4424
VW ID.4 RWD - 4568
If 4500 lbs was the cutoff between the two, the only one that doesn't seem to fit is the ID.4 RWD, which from what I can find is slightly over 4500 and thus I would expect it to be in the SUV list. But, aside from that, the data seems to fit...
"SUV":
Audi Q5 PHEV - 4619 lbs
Chrysler Pacifica PHEV Minivan - 5010
Jeep GC PHEV - 5325
Jeep Wrangler PHEV - 5100
Rivian R1S - 7068
Rivian R1T - 7148
VW ID.4 AWD - 4834
"Car":
Mustang Mach E - 4394
Nissan Leaf = 3516
Tesla Model 3 - 3648
Volvo S60 PHEV - 4424
VW ID.4 RWD - 4568
If 4500 lbs was the cutoff between the two, the only one that doesn't seem to fit is the ID.4 RWD, which from what I can find is slightly over 4500 and thus I would expect it to be in the SUV list. But, aside from that, the data seems to fit...
Snow Drift
[Off-Road Assist] Activated
That just seems so cumbersome.Topic B — Frequently asked questions about income and price limitations for the New Clean Vehicle Credit | Internal Revenue Service
Frequently Asked Questions about income and price limitations for the new Clean Vehicle Credit.www.irs.gov
So does that mean upfront payment for FSD is excluded from the MSRP calculation? Since it's software and not "physically attached" to the vehicle. Every car gets the FSD computer, which is what's "physically attached" to the car.
It is easier to say, MSRP = Base Price. Period. So, Model 3 starts at $45,000. They all qualify.
Instead of, umm, $45,000 + $2,500 paint + $2,000 wheels + $200 UMC + $5,000 EAP + $400 accessories. Do I qualify???? Sorry, the accessories put you over.
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Snow Drift
[Off-Road Assist] Activated
Elon will never drop the MYP to 55k plus a $7,500 tax credit.
Tesla will produce a smaller batter size long range Y car with 264 miles of range to meet the lower price point. These batteries are being produced in Austin, the 4680 will be the batteries in the cars to meet the $55k price limit. The current long ranges have more like a 330 or 318 range, the newer my gut tells me will be 260’s. Tesla will squeeze the cost out of the vehicle and people will compromise to get the discount. Tesla started shipping these cars under the radar already as inventory in a select few states.
Tesla will produce a smaller batter size long range Y car with 264 miles of range to meet the lower price point. These batteries are being produced in Austin, the 4680 will be the batteries in the cars to meet the $55k price limit. The current long ranges have more like a 330 or 318 range, the newer my gut tells me will be 260’s. Tesla will squeeze the cost out of the vehicle and people will compromise to get the discount. Tesla started shipping these cars under the radar already as inventory in a select few states.
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gx9901
Active Member
I'm just glad that we got our EV shopping done in 2021/early 2022. This new tax credit rule already looks super confusing. Just wait until the battery sourcing requirements kick in for even more fun...
ucmndd
Well-Known Member
IMO it’s ridiculous to have different MSRP limits for “cars” vs “SUVs”, particularly when the line between the two is murky and arbitrary. It’s also a perverse incentive to push people towards giant environmentally unfriendly cars (an 8,000 pound EV monstrosity is still a sustainability train wreck).
lol at anyone saying "typo." IRS definitely used some criteria here. My guess is GVWR at 6k is what's driving the differences. Regardless it's stupid and hopefully they change it.
I agree. However, given how popular SUV’s are in the US, if you can’t convince SUV owners to switch, and they will not switch to a sedan, EV adoption will never take off.
