voxel
Active Member
not as long for MYP
Once the tax credit gets restored..... expect demand to soar. Waits could double if Austin isn't fully operational ASAP.
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not as long for MYP
Tesla buyers are getting nothing today, yet Tesla cannot keep up with demand.You ignore those who would not buy the Tesla without the incentive because of their cost.
So they are leaving the BS in where GM & Ford get more money for making PHEVs than Tesla makes to produce full on BEVs.
- Keep the $7,500 incentive for new electric cars for 5 years
- Make the $7,500 incentive a point-of-sale discount instead of tax credit
- EVs with battery pack smaller than 40 kWh are limited to a $4,000 incentive
- Add an additional $4,500 for EV assembled at union factories
- Add another $500 for EVs using battery packs with 50% of components (including cells) are made in the US
- After the first 5 years, the $7,500 becomes only for US-made electric vehicles and it applies for another 5 years.
Actually this is zero new details. Not surprising...More details Electrek.
$12,500 electric vehicle incentive survives Biden's updated 'Build Back Better' proposal
The reform to the federal electric vehicle incentive program, which includes an increased $12,500 EV incentive, has survived President Biden’s...electrek.co
"The framework doesn’t include the details of the program.
We listed all the main changes to the program when it was first announced earlier this year:
- Remove the 200,000 vehicles per manufacturer cap
- Keep the $7,500 incentive for new electric cars for 5 years
- Make the $7,500 incentive a point-of-sale discount instead of tax credit
- EVs with battery pack smaller than 40 kWh are limited to a $4,000 incentive
- Add an additional $4,500 for EV assembled at union factories
- Add another $500 for EVs using battery packs with 50% of components (including cells) are made in the US
- After the first 5 years, the $7,500 becomes only for US-made electric vehicles and it applies for another 5 years.
- They introduce price limits on the EVs eligible for the incentives:
- Sedans under $55,000
- SUVs under $69,000
- Pickup trucks under $74,000
- Vans under $54,000
- They are also introducing caps on income to get access to the incentives, but they are fairly high at an adjusted gross income of up to $400,000 for individuals and up to $800,000 for joint filers."
I don't need it, but I want the car lol. I have a LR also on order scheduled for March (was planning on getting it later though). If the tax credit passes, I'll probably delay the MYP and just take which ever one delivers first. Then put myself back of the line for the other and get it end of next year or when significant changes are made (battery pack).You can't exactly time Tesla deliveries though... you put your order on hold then suddenly the tax credit is restored there are going to be thousands of unholds and you might get your car 3-6 months later than expected (June instead of Jan).
As long as you don't need the car... you should be fine.
SUV for sure.Is the Model Y a sedan or SUV?
Looks like the House version made it. Income caps at $400K (Single) $800K (Married) and vehicle upper limits are $55K for cars and $69K for SUVs. Also, very clear that it is effective 1/1/2022.This NPR article has the newest document linked that was unveiled today (I think?).
Biden unveils a smaller spending framework. But all Democrats are not onboard
The "Greening the Fleet and Alternative Vehicles" starts the section about the tax credit, on page 1240.
Sounds like some of the Tesla stuff will qualify, but maybe not all of it, based on MSRP.
And I'm not great at reading all of the legal-eze, but perhaps that it will not be retroactive for this year, but rather will not start until 1/1/2022 (see pg 1247 about 12/31/2021).
Agreed. It’ll create some interesting incentives — and possibly massive short-term disruption — if it passes. Reluctant to put my order on hold when I’m so close to delivery because it could be many months before I get another…Looks like the House version made it. Income caps at $400K (Single) $800K (Married) and vehicle upper limits are $55K for cars and $69K for SUVs. Also, very clear that it is effective 1/1/2022.
Incoming additional price hike for teslas!Looks like the House version made it. Income caps at $400K (Single) $800K (Married) and vehicle upper limits are $55K for cars and $69K for SUVs. Also, very clear that it is effective 1/1/2022.
Leaving the union aspect out of it...So they are leaving the BS in where GM & Ford get more money for making PHEVs than Tesla makes to produce full on BEVs.
I got excited when I read an extra $4,500 for Domestic Assembly, but the definition of that means a unionized plant. I'm still excited about the $8,000 though.You can read the legislative text based on the new framework here:
H.R.5376–Build Back Better Act
I'll save you the trouble. Nothing has changed since September (regarding EVs), its exactly the same.
The $500 domestic content would apply to TeslaI got excited when I read an extra $4,500 for Domestic Assembly, but the definition of that means a unionized plant. I'm still excited about the $8,000 though