It hasn’t been voted on you’re right. But I believe it’s the latest. https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-17.pdf
Edit: pages 1240-1260
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So the way I’m reading that is you get the sum of a few different values that would give a decent amount for the wrangler:
- Base amount of $4k
- $3500 if over 40 kwh/under 2.5 gallons of gas
- $4500 for made in the USA
- $500 for domestic content of the parts
That would suggest the 4xe incentive would be $9000 (4000+4500+500), no?
I went back and reread it and yeah that seems right. I had missed the part about the base $4000.
Check x 4(or at least the first 3) for Polestar when they start making them here.
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An easy fix would be to disable a few desirable features like heated seats or autopilot at delivery and lower the MSRP right below $55k and then ask the buyer to pay $2k to unlock the feature if they want it after taking delivery.
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As long as one can keep the MSRP below $55k…
They already have the FWD that starts under $55k.
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They should turn over the charging network to Tesla, They have done a amazing job.
It has to be made at a US plant/factory by a unionized group, so Tesla/Toyota/Honda will not qualify for this part.
From my understanding, it also seems like leases might not qualify anymore as banks won’t be able to claim the credit, so they can’t pass it on.
Tesla has played around with pricing before to allow customers to qualify for governmental incentives/credits. Like in Canada, you can order a 93 mile Model 3 (Tesla limited to range to 93 so it could get the 3 under the price point to qualify for a Canadian tax incentive. Lol)
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Yep, depending on the final version of the bill that passes (if it passes at all) they can use this trick even to get Model S and X under the price limits at delivery…
Remember Obamacare? I bet very few people who are going to vote for it read it.
Pretty sure any unlockable at delivery feature will be qualified as MSRP by IRS.
The link is to restaurant revitalization fund
I just pinged someone I know at the NLRB about the legality of creating a “union light.” There are few restrictions on what a union must do to be considered valid and the definition of labor organization is very broad. It would be interesting to see if, say VW in TN, encouraged the formation of a minimalist union in order to get this money. It is a dangerous play but not inconceivable.
It is almost impossible to come up with a hard line rule on this. What about something like a Polestar tune? What if a feature requires installation of a small piece of hardware in addition to a software update.
IMO, by far the easiest way for manufacturers to save a couple K off MSRP that would be hard for IRS to prevent would be putting cheap steel wheels on a vehicle. Almost everyone buying a 55K plus car is gonna upgrade from cheap steel wheels but the IRS can’t mandate a certain size wheel on vehicles.
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If there is a will there is a way, they can make the extra range a monthly subscription at $1k that you will be credit toward owning the feature outright after 2 years of subscription or something.
In my opinion income and net worth limit is the only way to stop the subsidies from going to people, who can afford these higher end EVs without them.
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These do have an income cap with the new plan. $400k for single filers, $800k joint households.
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House’s proposal does but senate’s proposal does not have an income cap. However, the wording on the latest release from the WH saying “middle class family” hints at an income cap for the final version of the bill. I would be surprised if it ends up being as high as the house’s proposal, $800k household income can hardly be considered middle class.
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Yah, hard to say without seeing the actual proposal.
With that said, if you’re making $800k a year, I think you’ll manage without having your EV subsidized.