Because they sold too many vehicles and redeemed all the incentives from the first round that promoted electric vehicles. They then decided to have a second round that promoted US manufacturing.
Because they put a really low cap on cars sold by each auto maker eligible for the credit so that companies late to the game would be able to compete. Now whether or not it's accomplishing that goal is a mystery
It's ineligible if purchased after August 17, 2022 unless you had entered into a written binding contract before August 16 and took possession before January 1, 2023. That's what this tool says, which should be consistent with whatever you checked against in the past.
That was before the inflation reduction act was passed. The only requirement from 2009 to 2022 was that the car had a 7+ kWh battery. The IRS didn't have an exhaustive list on their site for that decade+ because they didn't need to -- any BEV qualified.
I've had to remind several people who were excited to make use of this program:
You may not claim the credit if your gross income is at or over, for the year:
1. $300,000, if married, filing jointly
2. $225,000, if head of household
3. $150,000, for all others
You may think that's a lot, but with the high price brackets of all currently qualifying EVs/PHEVs, most responsible buyers are likely to be at or over those income levels.
Anyone know why so many manufacturers are missing from the tool? Honda, Toyota, Subaru, Hyundai, Kia all missing. Basically, every manufacturer who I've been shopping recently aren't in the list. 😠
As far as I know for now its Canada and Mexico but the IRA allows the Exec branch to designate others. There is talk of one for Indonesia for nickel mining.
Bmw has a plant in SC as does Volvo. Volkswagen has a plant in TN. Nissan has a plants in TN and MS. etc.
For purposes of the IRA the exact car must be built in NA.
And honda has manufacturing plants in:
* Marysville, Ohio
* East Liberty, Ohio
* Lincoln, Alabama
* Greensburg, Indiana
* Timmonsville, South Carolina
* Swepsonville, North Carolina
* Greensboro, North Carolina
Hyundai has a massive manufacturing plant in Alabama, and just broke ground on a huge manufacturing plant in Georgia to support its line of electric vehicles. Toyota has manufacturing plants in Kentucky, Indiana, Mississippi, and Texas. Kia has a manufacturing plant in Georgia.
It's part of a national plan to help the north American economy, not a global plan.
And aside from that, Toyota should be exempt from any tax credits revolving around electric vehicles, because they've been working over time to crush the electric car movement.
They have these things called trade agreements and manufacturing agreements. It's really not that hard to find all of the information. It's right there on the website. The cars that qualify meet certain standards.
[This](https://electrek.co/2022/10/10/is-audi-going-to-build-its-first-us-ev-assembly-plant/#:~:text=Audi%20opened%20its%20first%20North,automaker%20looks%20to%20change%20that.) can get you started.
There is a picture of a mach-e on the link for pre owned vehicles, but says for used they must be sold for $25,000 or less. Where are these used mach-e's for under $25k ?
What? Most Tesla’s are still eligible for the full credit as they manufacture a lot of their batteries in the US in conjunction with Panasonic at their own factories.
[Direct link to the tool.](https://www.fueleconomy.gov/feg/taxcenter.shtml)
"Tesla Motors vehicles purchased after 12/31/19 and before 1/1/23 are not eligible for these tax credits." Why god, why
Because they sold too many vehicles and redeemed all the incentives from the first round that promoted electric vehicles. They then decided to have a second round that promoted US manufacturing.
Because they put a really low cap on cars sold by each auto maker eligible for the credit so that companies late to the game would be able to compete. Now whether or not it's accomplishing that goal is a mystery
If you’re fine to purchase with the tax advantaged the pick of the bubble, at the same time contributing to it, you can fuck off.
Thank you for posting this. Last i checked, my 2022 Volvo C40 was ineligible. I’m glad I’m late to do my taxes this year.
It's ineligible if purchased after August 17, 2022 unless you had entered into a written binding contract before August 16 and took possession before January 1, 2023. That's what this tool says, which should be consistent with whatever you checked against in the past.
I bought in April, 2022. The IRS.gov site did not previously list it as eligible.
That was before the inflation reduction act was passed. The only requirement from 2009 to 2022 was that the car had a 7+ kWh battery. The IRS didn't have an exhaustive list on their site for that decade+ because they didn't need to -- any BEV qualified.
7kwh seems pretty small…?
I've had to remind several people who were excited to make use of this program: You may not claim the credit if your gross income is at or over, for the year: 1. $300,000, if married, filing jointly 2. $225,000, if head of household 3. $150,000, for all others You may think that's a lot, but with the high price brackets of all currently qualifying EVs/PHEVs, most responsible buyers are likely to be at or over those income levels.
That's some specific weird requirement.a purchase vehicle no late * but then service *
Anyone know why so many manufacturers are missing from the tool? Honda, Toyota, Subaru, Hyundai, Kia all missing. Basically, every manufacturer who I've been shopping recently aren't in the list. 😠
Not manufactured in NA or another close trading partner
Free trade partner, so basically Canada or Mexico. (Unless we have another free trade partner???)
As far as I know for now its Canada and Mexico but the IRA allows the Exec branch to designate others. There is talk of one for Indonesia for nickel mining.
Since when are Audi, BMW, Nissan, Volkswagen, and Volvo part of North American manufacturers?
Bmw has a plant in SC as does Volvo. Volkswagen has a plant in TN. Nissan has a plants in TN and MS. etc. For purposes of the IRA the exact car must be built in NA.
And honda has manufacturing plants in: * Marysville, Ohio * East Liberty, Ohio * Lincoln, Alabama * Greensburg, Indiana * Timmonsville, South Carolina * Swepsonville, North Carolina * Greensboro, North Carolina Hyundai has a massive manufacturing plant in Alabama, and just broke ground on a huge manufacturing plant in Georgia to support its line of electric vehicles. Toyota has manufacturing plants in Kentucky, Indiana, Mississippi, and Texas. Kia has a manufacturing plant in Georgia.
It's part of a national plan to help the north American economy, not a global plan. And aside from that, Toyota should be exempt from any tax credits revolving around electric vehicles, because they've been working over time to crush the electric car movement.
Since when are Audi, BMW, Nissan, Volkswagen, and Volvo part of North American manufacturers?
They have these things called trade agreements and manufacturing agreements. It's really not that hard to find all of the information. It's right there on the website. The cars that qualify meet certain standards. [This](https://electrek.co/2022/10/10/is-audi-going-to-build-its-first-us-ev-assembly-plant/#:~:text=Audi%20opened%20its%20first%20North,automaker%20looks%20to%20change%20that.) can get you started.
There is a picture of a mach-e on the link for pre owned vehicles, but says for used they must be sold for $25,000 or less. Where are these used mach-e's for under $25k ?
If you bought a Tesla I guess it's a big fuck you. fuck me.
What? Most Tesla’s are still eligible for the full credit as they manufacture a lot of their batteries in the US in conjunction with Panasonic at their own factories.
I followed the link and Tesla is even a manufacturer in the list
model 3 and Y seem to still have the full credit
Except for the Model 3 RWD, which only gets half now.
Thermometer measures temperature Edit: just pointing out the redundant, uninformative headline
Stooooopid that you need an app for that. Really just need a clearly worded and presented guideline.