Those have nothing to do with the topic at hand. The ev supply equipment credit already allowed infrastructure inprovements when required for installing the ev supply equipment. What youre talking about is infrastructure improvements supporting other high efficiency electrical upgrades.
Long story short, the evse tax credit currently can be applied towards something like a panel upgrade if it’s needed as part of the evse install. The new changes you’re referring to would cover a panel upgrade as part of a different project unrelated to evse installs.
well this is what the gentleman asked:
specifically, updating the electrical to 240v for level 2 charging, could also include upgrading and changing out his electrical panel and running wiring for said work , which would both fall outside the previous EV charger parameters from what i understand. not to mention, since we’re literally less than 2 months away from 23, i’m not quite sure why you wouldn’t want to wait and take advantage of even more state and federal tax credit availability when they’re both due to be on the table sooner rather than later. as an informative post i think it was quite handy and i’m not really sure why we’re having all the braying and gnashing of teeth about the technicality when even that is pointed out specifically in the rewiring america article and informative website.
This is where youre misunderstanding.
The credit as it currently stands allows for changing out the panel and running wiring, as long as it is part of the install of an evse.
The credit youre referring to that starts in 23 is for changing out the panel and running wiring for other reasons where an evse is not involved.
You currently could not change out the panel for a reason unrelated to an evse and claim that as part of the evse credit. You could change out the panel to facilitate an evse install and claim that as part of the current evse credit.
What you said was that action now would allow the evse to be covered but not the panel/wiring needed to support the evse until next year. That is incorrect.
apparently there is some disagreement on this with the agencies then. what i was specifically told when i inquired about this was that if the panel needed to be changed because, for instance, it needed more breaker space to accommodate the charger, then it would be covered. but a service upgrade, to go from 150v to 200v for instance, would not. that change is quite a substantial cost.
regardless, my point still stands that 23 is almost here anyway so why rush it.
Recent quotes from GM CEO and CFO:
Mary Barra:
We think, out of the gate, we’re going to be eligible for the $3,750, and we’ll ramp to have full qualification in the next two to three years, getting up to the $7,500. It just takes a couple of years to ramp up based on our expectations with the supply moves that we’ve already made.
Paul Jacobson:
He said GM expects to be among the first, if not the first, to be eligible for the full $7,500 consumer tax credits that will take into account stricter sourcing of EV battery materials.
If GM has done their research correctly, they expect no one in the industry to qualify for full $7500 credit for 2-3 years.
That is not at all surprising.
How did all the Washington lobbyists missed this? I’m still surprised
You’d think one of them would have been able to have a grace period inserted into the bill for 1-2 years, but nope.
GM’s lobbyists are probably very happy with the new law. Under the old law, GM products received no tax credits, and most of its competitors products received full tax credits. Now, GM products will receive $3,750 in tax credits, and most of its competitors products will receive no tax credits.
Is the Toyota BZ4X tax credit available for purchases if purchased before 12/31? Does final assembly requirement not apply if we buy before year end?
Any vehicle since passing the IRA needs to be manufactured in the US to be eligible, that is the first of may bars to pass for any tax credit in 2022 or 2023.
No, as Toyota exhausted that credit 4 months ago. (And it went down to ZERO before it even was officially exhausted) And it’s currently not on the list for Jan 2023 either.
Current EV eligible vehicles for 2022-2023
https://electrek.co/2022/11/16/which-electric-vehicles-still-qualify-for-us-federal-tax-credit/
this was a pretty informative article. not much to choose from in 23.
This website does not show what vehicles will receive a tax credit in 2023. It only shows what vehicles havent yet been disqualified.
If you go through the article completely there is a link provided but anyway here is the list from the above article where it shows complete list
That link is not the vehicles that qualify next year either, its the vehicles that have been reported by the manufacturers to satisfy the north american assembly requirement.
The vehicle has to be manufactured in North America. So vehicles manufactured in Canada and Mexico can qualify.
Toyota’s tax credits were to start phasing out beginning October 1, 2022 under the prior law/200,000 vehicle cap. However, none of its EVs/plug-in hybrids are manufactured in North America, so no credits are available for Toyota vehicles bought after the new law went into effect in August, unless binding contract signed before then.