Sounds Like the EV Tax Credit Is Staying!

[run-the-joules]

Except that the cancellations wouldn't have been good for Tesla stock and long term viability =)

They’ll be fine either way. I’m interested in the car, less so the company.

 

[JenniferQ]

Wow 53 cents a KW??? I’d be in line for a power wall or two as their run rate is roughly 20 cents per KW when you factor in upfront costs/life of unit to “transfer” power from night to daytime rates.

Yep. Which is why I find it rich that Tesla in their cost configurator uses 12c with a max of 24c to determine your cost savings with EV over ICE

 

[Iluvpcs]

I guess I won’t complain about my .07 cents a KW from 8 pm to 7 am versus .09 cents during the day.

 

[ElecFan]

You guys like reading a wall of text? Here it is (scroll down to conference agreement)! Source: Conference Report to Accompany H.R. 1—Tax Cuts and Jobs Act | House Committee on Rules

Repeal of credit for plug-in electric drive motor vehicles (sec. 1102(c) of the House bill and sec. 30D of the Code)

Present Law

A credit is available for new four-wheeled vehicles (excluding low speed vehicles and vehicles weighing 14,000 pounds or more) propelled by a battery with at least 4 kilowatt-hours of electricity that can be charged from an external source.80 The base credit is $2,500 plus $417 for each kilowatt-hour of additional battery capacity in excess of 4 kilowatt-hours (for a maximum credit of $7,500). Qualified vehicles are subject to a 200,000 vehicle-per- manufacturer limitation. Once the limitation has been reached the credit is phased down over four calendar quarters.

House Bill

The provision repeals the credit for plug-in electric drive motor vehicles.

Effective date.−The provision is effective for vehicles placed in service in taxable years beginning after December 31, 2017.

Senate Amendment

No provision.

Conference Agreement

The conference agreement does not include the House bill provision.

I wonder, if Trump really wants, is there a way for him to get the repeal anyway?

 

[Runt8]

I wonder, if Trump really wants, is there a way for him to get the repeal anyway?

He could refuse to sign it into law unless the repeal is in there. Seems very unlikely.

 

[voip-ninja]

I wonder, if Trump really wants, is there a way for him to get the repeal anyway?

That’s not the hill to die on.

He didn’t even ask for the repeal, I believe it was added by Flake.

 

[Electroman]

Wow.. I pay around 6 to 7c per kWh here in Texas and I even had the option of getting free electricity from 8pm to 6am for an offset of few cents more during the day time

 

[Rich966]

Wow.. I pay around 6 to 7c per kWh here in Texas and I even had the option of getting free electricity from 8pm to 6am for an offset of few cents more during the day time

You should be looking at a Powerwall and doing the free nights. I would be if I were in the Oncor service area.

 

[insaneoctane]

Wow.. I pay around 6 to 7c per kWh here in Texas and I even had the option of getting free electricity from 8pm to 6am for an offset of few cents more during the day time

If you drive much, that may be the most inexpensive (overall) for your household....

 

[caltechkid]

They’ll be fine either way. I’m interested in the car, less so the company.

You do realize that the economic health of the company bodes well for you, right? Given the investments in infrastructure and service, etc....see Fisker Karma for more info.

 

[run-the-joules]

You do realize that the economic health of the company bodes well for you, right? Given the investments in infrastructure and service, etc....see Fisker Karma for more info.

Sure, but in the end if every supercharger station disappeared, I'd be fine. I don't take the huge long road trips everyone pretends they take regularly. Service would admittedly be a problem. But unlike Fisker, there'd be broad interest and someone would buy Tesla and continue with a decent amount of what they're doing now.

But seriously, a few thousand or even a few tens of thousands of people cancelling their reservations doesn't mean much in the long run.

 

[bhzmark]

I wonder, if Trump really wants, is there a way for him to get the repeal anyway?

No -- he couldn't on his own. And no sign he wants to repeal.

This current congress had their chance and even when they were looking for things to generate even a little more revenue, they took a pass on repealing this. The next congress is even more likely to protect the credit. Tesla and its customers will enjoy throughout the 200k and phase out periods.

 

[ElecFan]

No -- he couldn't on his own. And no sign he wants to repeal.

This current congress had their chance and even when they were looking for things to generate even a little more revenue, they took a pass on repealing this. The next congress is even more likely to protect the credit. Tesla and its customers will enjoy throughout the 200k and phase out periods.

That'd be nice, also for other EV-makers. I'm convinced it's in Tesla's best interest demand for all EV manufacturers continues to grow. It will steadily change people's minds towards accepting electric as a viable alternative. More range at less cost, better performance, cleaner energy.

EV will become the standard in the next decade and the tax credit plays an important role in accelerating this development.

 

[K-MTG]

Just saw this in the new Wall Street journal article...they say the credit has been eliminated??? What!!!

 

[hckyplyr]

Its been taken out of the article Cut Your Tax Bill: What to Do Before Jan. 1

 

[SlicedBr3ad]

Its been taken out of the article Cut Your Tax Bill: What to Do Before Jan. 1

What's this subscribe/sign in BS? I guess we'll never know what's in the article...

 

[xav-]

Anybody else can weigh in? Is this staying or not?

 

[D3xDt3Reaction]

Anybody else can weigh in? Is this staying or not?

Should be staying based on other reports, some as recent as yesterday:
Electric car buyers will still get incentives under tax bill
Electric Vehicle Tax Credit Is Safe In Republican Tax Bill
Tax Credit for Electric Vehicles Survives, in Win for Tesla and Other Auto Makers

 

[ElecFan]

There's no mention of repeal in the GOP Tax Plan: Live Coverage

The Senate removed a few provisions to satisfy the Senate parliamentarian on a procedural rule that allows lawmakers to pass the legislation by a simply majority.

So it seemed there were some minor procedural issues

 

[Qbenjamin]

The tax credit remains untouched (source here).