Ignore the internet nonsense, as I ignore the WSJ reporting of all the minutiae.
1. The facts about the status of the pending bills and what they factually include or do not include.
The wording makes it sound like the new rebate is for union made vehicles only (though that is unlikely to be the case). Also “middle class families” hints at an income limit substantially lower than what was in Sept discussions.Current framework details released this morning:. EV credit remains.
President Biden Announces the Build Back Better Framework | The White House
Joe Biden believes that there’s no greater economic engine in the world than the hard work and ingenuity of the American people. But for too long, the economy has worked great for those at the top, while working families continually get squeezed. President Biden promised to rebuild the backbone...www.whitehouse.gov
Although not all the legislative details are worked out, this framework supposedly has the support of all 50 Senators that are Dems (or caucus with them). This provides a degree of optimism that it may actually pass through reconciliation, and may also get support from house progressives. Hopeful!
Nope the House one starts on Jan 1 2022. Assuming that’s what is included in the legislation.
I’m in about the same timeframe. Until this is passed I’m not taking any action. My SA said if it’s passed i can decline when assigned a vin or go on hold. Not sure which will make it most likely to not fall to the bottom of the list.
Mine is the same. I was planning on delaying only if they tried to deliver it but don't know if that's the best approach. No VIN yet
www.cnet.com
No vin here either. MYP so hopefully the wait wouldn't be so bad. Waiting and watching.
Note the wording "for a middle-class family" and "average American family" language.....sounds like Manchin got his "means test" to me
I believe that references the current tax incentives which would run through this calendar year. If the BBB plan is taking the suggested legislation from the House then the caps are raised on Jan 1 2022.EV tax credits: Manchin a no on Build Back Better bill, putting $12,500 incentive in doubt
The House passed Biden's Build Back Better bill in November, but it remains untouched in the Senate.
This part bothers me
Why can't I claim the EV tax credit for my Tesla?
Tesla is by far the largest EV maker in the US today. However, those who purchase an EV from the automaker will not be eligible to claim the car on their taxes. That's because the current law for the credits phases them out after a particular automaker sells over 200,000 qualifying vehicles. In Tesla's case, it sold its last qualifying vehicle back in 2019, leaving no additional tax credits to take advantage of. The same goes for General Motors. A Chevy, GMC, Buick or Cadillac EV is not eligible for the EV tax credit as of today. The automakers continue to lobby for new legislation to make credits available to them once again.
I wouldn't read into that too much. Articles like that are written for SEO purposes. That's just the correct state of the tax credit for Tesla. Not the new legislationEV tax credits: Manchin a no on Build Back Better bill, putting $12,500 incentive in doubt
The House passed Biden's Build Back Better bill in November, but it remains untouched in the Senate.
This part bothers me
Why can't I claim the EV tax credit for my Tesla?
Tesla is by far the largest EV maker in the US today. However, those who purchase an EV from the automaker will not be eligible to claim the car on their taxes. That's because the current law for the credits phases them out after a particular automaker sells over 200,000 qualifying vehicles. In Tesla's case, it sold its last qualifying vehicle back in 2019, leaving no additional tax credits to take advantage of. The same goes for General Motors. A Chevy, GMC, Buick or Cadillac EV is not eligible for the EV tax credit as of today. The automakers continue to lobby for new legislation to make credits available to them once again.
