08-17-2022, 08:56 AM | #111 |
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Does anyone know why the 2023 X5 wasn’t included in the list of eligible EVs/PHEVs released by DoE yesterday?
https://afdc.energy.gov/laws/inflation-reduction-act |
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08-17-2022, 09:22 AM | #112 | |
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08-17-2022, 09:40 AM | #113 |
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Confusion
All these new rules are really confusing. I put an order down in early august with the week 37 built date(according to the genius). I think it will be delivered sometime in late September. The order date is before august 16 and the delivery date is after the 16th. I hope i still qualify.
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08-17-2022, 09:42 AM | #114 | |
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Was hoping to find more context here: https://electrek.co/2022/08/16/ev-ta...reduction-act/ good article, but doesn't ad much new info to what has already been written on this forum |
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08-17-2022, 09:50 AM | #115 | |
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08-17-2022, 09:53 AM | #116 | |
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The reason the 23 X5 isn’t on the list is that it only contains early MY 23 as far the ones certified by the EPA. There is no doubt that it qualifies for the credit. |
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08-17-2022, 10:40 AM | #117 |
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Remember there was a very short delay on deliveries because they didn’t have the 2023 epa certificate. Seems like it was completed in the first week of August
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08-17-2022, 11:16 AM | #118 |
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The 2023 X5 45e is listed on the website so the IRS afdc link for cars and credits will be updated soon.
https://www.fueleconomy.gov/feg/taxevb.shtml Safe to say, as Turtle has been saying , are all 45e's delivered before Jan 1 2023 will apply for the $7500 tax credit no matter what the MSRP and your income. The only caveat and probably irrelevant for this year is the battery guidance to be determined by the Secretary which can be issued at any moment but history says it may not happen this year because guidance also requires a public comment period and more likely something that will be finalized next year. So think about the extra $7500 you will be able to deduct from your taxes instead of worrying about nothing. |
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08-17-2022, 12:38 PM | #119 |
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08-17-2022, 01:58 PM | #120 | ||
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https://home.treasury.gov/system/fil...redit-FAQs.pdf There's no mentioning of the battery guidance in this scenario. Can someone tell me if I'm understanding this right? |
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08-17-2022, 02:08 PM | #121 | |
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Last edited by outsidepls; 08-17-2022 at 02:08 PM.. Reason: clarity |
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08-17-2022, 02:16 PM | #122 | ||
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08-17-2022, 04:30 PM | #124 |
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08-17-2022, 06:33 PM | #126 | |
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Just for accuracy, the battery rules would be effective the day after the guidance is issued. Per vehicle dollar limitation and related requirements The amendments made by subsections (a) and (e) shall apply to vehicles placed in service after the date on which the proposed guidance described in paragraph (3)(B) of section 30D(e) of the Internal Revenue Code of 1986 (as added by subsection (e)) is issued by the Secretary of the Treasury (or the Secretary's delegate).
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08-17-2022, 07:13 PM | #127 |
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08-17-2022, 09:26 PM | #128 |
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https://www.cnn.com/2022/08/17/busin...ify/index.html
The Mercedes-Benz EQS SUV is expected by the automaker to be eligible until year's end, but not the EQS sedan because, unlike the SUV, it is not assembled in the United States. "BMW says the X5 plug-in hybrid and 3-series plug-in hybrid will both be eligible for the rest of 2022." |
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08-17-2022, 10:36 PM | #129 |
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08-17-2022, 10:37 PM | #130 |
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I thought the same thing when I saw that posted.
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08-17-2022, 10:50 PM | #131 |
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Wait, should I drop my options to bring my MSRP < $80k? Just in case the guidance gets issued before the end of the year. So, that I would at least get the assembly portion of the credit?
Apologizes for all the newb questions |
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08-17-2022, 11:46 PM | #132 | |
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If we do, there is little chance that the X5 will qualify the day after the guidance is issued. Don’t apologize - we are all here to help each other. |
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