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Tax credit (Green ACT)

Discussion in 'Model Y' started by sam2020, Feb 14, 2021.

  1. DanDi58

    DanDi58 Member

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    I don't believe the original credit had a limit on price. Could be wrong. I know NJ did, $55k.
     
  2. MrTuna

    MrTuna Member

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    Can’t imagine not buying a SRY as my in town car if this bill goes live. Drive it 3 years and likely sell it for what I paid.
     
  3. Jasaka25

    Jasaka25 Member

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    Assuming this tax credit bill passes (or for other EVs that still have credit available), does anyone know if you can get more than one per year per household? For example, could I purchase one in my name and get $7000/$7500 and my wife purchase one in her name and also get $7000/$7500 if we file jointly ($14,000-$15,000 depending on manufacturer)? There doesn't seem to be very good information about this online. I do know that the form has columns for adding more than one vehicle, so it seems like it is allowed.
     
  4. specialgreen

    specialgreen Member

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    #24 specialgreen, Feb 19, 2021
    Last edited: Feb 19, 2021
    Most of the language is describing the new phase-out period. It does not say boo about the period between when the previous Act expired, and the day this Act takes effect. [ EDIT: THIS IS INCORRECT ]
     
  5. fiveten

    fiveten Member

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    See also "(c) EFFECTIVE DATE.— (1) LIMITATION.—The amendment made by subsection (a) shall apply to vehicles sold after the date of the enactment of this Act."
     
  6. specialgreen

    specialgreen Member

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    My mistake. I quit reading when it switched to 2-wheel/3-wheel EVs.
    Yes, that basically says that the previous Act (200,000 phaseout) applies for any purchases before the date of adoption of this Act.
    So... no credit if you buy before the date of passage.

    I'd still suggest calling your Rep and telling them that this is going to hold-back demand. I would not expect a bill like this to get through committee, House and Senate in under 6-9 months. Ways & Means could add a date and fix this easily.
     
    • Like x 1
  7. TravelFree

    TravelFree Member

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    Once it gets out of Ways and Means, I expect a quick passage in the House. Since it affects the budget it can be passed with a 51 vote majority in the Senate. As long as it is kept out of other committees we could see this before April. If the bill goes to the Fall Tesla may have produced enough to make them beyond the phase out anyway. Fortunately, the Exclusion was added now to prevent Tesla from eliminating itself in the first half of this year. I have always hoped for a simple calendar expiration or % of the fleet expiration rather than company sales.
     
  8. bdaviskc

    bdaviskc Member

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    Agreed, will be nice to see what Congress does, even better if Ways/Means adjusts/adds a specific date. Otherwise, at some point this seems like it will impact Tesla (and others) sales as people think about waiting to see what happens--I know I'm in this board. Would have already ordered a MYP, but now waiting to see what happens as my purchase isn't urgent/needed.

    Alternatively, might also be nice if Tesla (Elon) would come out and address the issue/those of us potentially delaying and offer up an incentive to pull the trigger now and not wait--for example--if you purchase in 2021 and Green Act passes in such a way that your purchase is excluded from the credit, you will receive free FSD, discount on FSD or something along those lines. I realize they don't have to do this, but at some point you would think their sales will be impacted (at least slowed in Q1 and maybe Q2) by those who are waiting/thinking about this.......
     
    • Like x 2
  9. GeorgeC1

    GeorgeC1 Member

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    That would be very smart on Tesla’s part. I think their sales have dropped and will continue to do so. Never have I saw so many Model Y’s available on the sales site.
     
  10. TravelFree

    TravelFree Member

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    #30 TravelFree, Feb 19, 2021
    Last edited: Feb 19, 2021
    Where did you find that information? I've been looking and haven't seen it for the Y.
    Edit- Never mind I found it

    I like the idea of a credit for FSD or maybe even lifetime Free Supercharging that expires when the GREEN bill is passed.

    Our plan is to first get a test drive in the Y for my wife to be sure she likes it, and then if her OK we will order. Currently, I want to see that new console be common on new Y's being delivered before I order. I believe that will be statistically guaranteed by April.

    Meanwhile if the GREEN Tax Credit is what's holding you up, why not call your congressman and Senators and ask that it be made retroactive to Jan 1 deliveries? A simple amendment to replace one sentence in the Bill would be all it takes.
     
    • Like x 1
  11. Tedkidd

    Tedkidd Member

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    Tesla dropped price when the tax credit went away.
    They may increase price if a credit comes back, particularly if they are selling every car sold...
     
    • Like x 1
    • Disagree x 1
  12. TravelFree

    TravelFree Member

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    That doesn't make any sense. They appear to adjust prices based on orders vs manufacturing capacity. As orders exceed manufacturing capacity they increase prices. As orders slow down they decrease prices or offer incentives. Tesla has placed emphasis on numbers of cars made each quarter so they have to move them with sales. Other car makers seem to force associated dealers to fill their lots with more new cars when sales slow down.
     
  13. RRKR

    RRKR Member

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    Location:
    VA
    Have a scheduled pickup of MY this weekend.
    Thinking of impact of the GREEN ACT, and alternatives.
    And also price change. Any thoughts will be helpful to make the decision.
     
  14. smallgi2021

    smallgi2021 New Member

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    Location:
    Collegeville PA
    Hi Buckyswider,
    I am in PA too but don't see any credit in PA.
    Could you please elaborate more?
    Thanks
     
  15. specialgreen

    specialgreen Member

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    Minneapolis MN
    #35 specialgreen, Feb 20, 2021
    Last edited: Feb 20, 2021
    I told our Tesla rep that I was going to wait and probably place an order if the GREEN Act 2021 passes. He suggested that I should order now with a future delivery date, because Tesla might have 400k+ orders in the pipeline before the Act passes (if it does), and those buyers would get delivery (and the tax credit) first. That seemed like a stretch: US production capacity is probably 600k vehicles/yr. (until Texas begins production), and those aren't all getting delivered to the US. So I think we're talking about 9+ months of US deliveries after the Act passes.

    But I'm not against the idea. The $100 order fee makes the risk lower. Has anyone put-in an order, requesting delivery 6 months in the future, and then later asked to move the delivery date forwards/back?
     
    • Like x 1
  16. TravelFree

    TravelFree Member

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    I was contacted today after perusing the inventory site. I responded that I'm just doing initial homework and plan to order in April or May. I didn't give a reason. I will let you all know if I get a similar response. I was not aware of a delayed delivery either.
     
  17. buckyswider

    buckyswider Member

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    Cold Point Hill, PA
    Alternative Fuel Vehicles
     
  18. smallgi2021

    smallgi2021 New Member

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    Collegeville PA
    Thank you. 50k limit is really a pain for only $750 in PA
     
    • Helpful x 1
  19. buckyswider

    buckyswider Member

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    Location:
    Cold Point Hill, PA
    yep, getting so close! with the LRY now 48,900, the delta between a red and other colors is now an additional $750 thanks to this limit. Maybe if the list comes down another $1000....
     
  20. ssv22

    ssv22 Member

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    Jun 2, 2020
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    Location:
    Santa Clara
    If I place an order in 2020 and take delivery in 2021 after the law has passed, will I still be eligible?
     

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