[Aloux]

Originally Posted by TurtleBoy

I know that, I was referring to your post saying the vehicle wasn't on fueleconomy.gov.

Click on my link (https://www.fueleconomy.gov/feg/Powe...=1&rowLimit=50) and you will see that the mpg/mpge values are not yet available for the MY23 x45e. This is related to the fuel economy labeling information needed.

[TurtleBoy]

Originally Posted by Aloux

Click on my link in previous post and you will see that the mpg/mpge values are not yet available for the MY23 x45e.

Yes and as I said it doesn't matter whether it is on there or not since that is the comparison page. It is listed on fuelecononmy.gov under the listing showing what vehicles are eligible for the credit.

[Aloux]

Something that I don’t understand is why the i4, IX, and i7 are on the list for the rebate for MY23. I thought that they were manufactured in Germany.

[TurtleBoy]

Originally Posted by Aloux

Something that I don’t understand is why the i4, IX, and i7 are on the list for the rebate for MY23. I am thought they were manufactured in Germany.

They are but they are eligible for the credit if delivery was taken prior to 8/16. That list is not an absolute, there are other factors that go into whether or not a person can take the credit.

[TurtleBoy]

Originally Posted by One Desi

That’s what was my point in earlier posts. While MY 2023 seems to be eligible for credit based on “made in NA” criteria, I won’t be fully sure until it shows up on revised list. Will be awesome if that happens in next few weeks before I take my delivery. ��

And your point was incorrect. Please read the posts and look at the link, it already does show on the list.

[TurtleBoy]

Originally Posted by One Desi

I’m looking at the revised list and not the old one.

New buyers (who are newly ordering or taking delivery of vehicles ordered after 08/17) should refer the revised one -

https://afdc.energy.gov/laws/electri...for-tax-credit

Please step back and read the posts. That list is NOT the list of vehicles that are eligible for the credit. The vehicles that are eligible are found on the list on fueleconomy.gov.

[TurtleBoy]

Originally Posted by One Desi

No, I don’t think so. I’ve ordered a vehicle at the end of August and my delivery is in October. Here is the one I should refer to.

https://afdc.energy.gov/laws/electri...for-tax-credit

X5 45e doesn’t show up there (as of today). May get added later but not sure when.

You obviously have no clue what you are talking about and have no willingness to learn. I'm done with you, just don't post your nonsense here to try and confuse others.

[TurtleBoy]

Originally Posted by One Desi

Dude, I’m looking at the revised / latest info provided on IRS website.

https://www.irs.gov/businesses/irc-3...vehicle-credit

There is a link to updated info right at the top, and following page has a link to The Department of Energy’s list of Model Year 2022 and early Model Year 2023 electric vehicles.

This is THE latest official info as of now. I agree that the list is the making, but as of today, MY 2023 X5 is not on that list.

I said I was done with you but I just want to make sure others don't read your posts and believe them. You can do what you want, don't take the credit but don't post false info. That is not any type of official list of vehicles eligible for the credit, the page tells you that.

The IRS site which has been updated after the IRA was signed also shows the 2023 45e as eligible which of course doesn't really matter. So it is on two official lists.



https://www.irs.gov/businesses/irc-3...vehicle-credit

[TurtleBoy]

Originally Posted by One Desi

With all due respect, you’re just hooked to old information and not looking at the latest one.

Anyways, let’s see what happens.

I’ll go with official info than speculations.

As I said, do what you want, just don't post that fiction on here.

[TurtleBoy]

Originally Posted by One Desi

Now I’m done with you as you’re not reading the latest info.. ��

But lastly, I just hope that everyone does own research and not take this discussions to make decision. No one is expert here (and to be honest, neither tax professionals or dealers are on this subject as of now).

I’ve contacted BMW directly and they told me that they’ve no idea when MY23 X5 will appear on the revised list.

Okay Einstein, please point us to the section of the IRA that could possibly exclude the 2023 X5 45e from being eligible for the credit at this point in time even though both the fueleconomy.gov and irs.gov websites show it as being eligible.

HINT: You aren't going to find one.

[TurtleBoy]

Originally Posted by One Desi

Please hit “Updated information for consumers as of August 16, 2022” (it’s a link and not the header by the way) on

https://www.irs.gov/businesses/irc-3...vehicle-credit

Read through the page and find a link that says “list of Model Year 2022 and early Model Year 2023 electric vehicles”. You’ll reach this page..

https://afdc.energy.gov/laws/electri...for-tax-credit

I’ve posted these links quite a few times but looks like some people want to live in their own world 🙂.. anyways, bye.. won’t respond anymore..

OMG As I said before, absolutely no clue as to what is going on, probably never even read the law. I try to give you hints and still nothing. Perhaps you should read the links rather than blindly posting them. You would be able to see that one specifically tells you that nothing has changed for the rules except for the NA assembly.

"If you purchase and take possession of a qualifying electric vehicle after August 16, 2022 and before January 1, 2023, aside from the final assembly requirement, the rules in effect before the enactment of the Inflation Reduction Act for the EV credit apply (including those involving the manufacturing caps on vehicles sold)."

https://www.irs.gov/businesses/plug-...30-and-irc-30d

[TurtleBoy]

Originally Posted by One Desi

I read it and I’ve been mentioning that based on “made in NA” clause it should logically be eligible but it’s not appearing on the list AS OF NOW.. also, I’ve been saying that I hope to see it soon on the list.. man, you don’t read posts well.. and to be honest I don’t think you ever saw the links I shared that have the latest info.. you’ve been posting screenshots of old page.. I respect your contribution here but more reading is needed before confidently telling people that MY23 X5 IS eligible.. I agree that it may, but not sure until I see it officially..

I have looked at all of those pages many times and I have not posted anything old. You just don't understand the law, what has changed, the timing, etc. The 2023 45e 100% for sure qualifies for the credit at this time, there is not one smidgen of a doubt. It is listed on the official sites as eligible and nothing in the IRA has effected that status.

[TurtleBoy]

Originally Posted by One Desi

Hope you’re right Einstein (you’re confident even more than BMW itself, dealers and tax professionals).. but I don’t agree fully at this moment..

Anyways, BYE for now.. and learn to respect other’s views and research..

Hopefully you will calm down and do a little more research and gain an understanding of the situation.

Respecting views is one thing, allowing false information to be posted without being challenged/corrected is entirely different.

[TurtleBoy]

Originally Posted by One Desi

Let people decide which info is the latest and who was sending screenshots from old page.. you never realized that the blue text at the top is a link and takes you to the latest info.. you just assumed that it’s a page header and kept on posting screenshots from that page.. that info is old and misleading..

By the way I’m calm.. you lost it when I challenged you with the latest info..

Again, I know you’re trying to clarify people’s’ doubts.. just read more and don’t be overconfident.. my humble suggestion..

All you are doing is showing how little you know about the law. That page is 100% accurate since it shows the vehicles that are eligible for the credit, it is not old information. The only thing that has changed so far with the law is the establishment of the requirement that the final assembly be in NA. So any vehicle on that list that is assembled in NA is currently eligible.

The page you keep referring to is only an incomplete list of vehicles that MAY be assembled in NA. It has zero impact on the 45e being eligible for the credit since it is assembled in NA.

As I said, please take some time to read about the IRA, what it entails, what change has already gone into effect and what will happen in the future.

https://www.congress.gov/bill/117th-...bill/5376/text

[TurtleBoy]

Originally Posted by One Desi

Nope, the screenshots you sent from old page are not accurate. Those vehicles WERE eligible before 08/16 (and still may be eligible if purchase agreements was done prior to this date and are delivered after 08/16).. for absolute new orders and purchases after 08/17, that list isn’t applicable as “made in NA” requirement is applicable.. anyways, I’ve posted by understanding already.. really done with you now as you don’t want to understand (even though you understand now)..

OMG Now you are just posting nonsense to post something. Please just do some reading on the law and try to understand the IRS and fueleconomy web sites.

[Jebryan]

Originally Posted by One Desi

With all due respect, you're just hooked to old information and not looking at the latest one.

Anyways, let's see what happens.

I'll go with official info than speculations.

Hate to break it to you, but TurtleBoy is 100% correct. The 'list' you're looking at is 100% irrelevant. The ONLY thing that matters until 12/31/22 (or until the battery guidance is issued by gov) is if it's assembled in North America. Which we allllll know here that is assembled in Spartanburg. THAT'S IT. Battery components have zero say in tax credit until 1/1/23 or guidance is issued. It's verbatim in the IRA guidelines. Pretty straight forward here, not sure what's difficult to comprehend and why you're going back and forth.

Go to Leasehackr, they say the exact same things about the 45e that Turtleboy & myself just said.

Relax, you're gonna get your tax credit

[Jebryan]

Originally Posted by TurtleBoy

OMG Now you are just posting nonsense to post something. Please just do some reading on the law and try to understand the IRS and fueleconomy web sites.

You can't reason with stupid

[TurtleBoy]

Originally Posted by Jebryan

You can't reason with stupid

As happens many times, someone gets bad information to begin with and then just gets stuck on building a case to back that information. What seems to be hard for many people is taking that step back to look at various sources, understanding the process or rules and then thinking through the situation. Thankfully the overwhelming majority of folks in that situation have the light bulb eventually turn on and finally get it. Unfortunately there are some that just get mired in incorrectness and that probably led to the old saying - You can lead a horse to water but you can't make it drink.

[One Dicey]

Originally Posted by Jebryan

You can't reason with stupid

True, that’s why I’m going to ignore you guys now!

[leightos]

I am asking about MSRP because recently I was surprised what the NV government looked for (for) DMV road tax purposes. When I moved to NV I was told they would tax me for registration based on a percentage of MSRP. Well, I kept thinking it would be the $84445 at the bottom of my window sticker.
Well, when I got to the DMV they ran the VIN and came up with $65400 at the top. Hmm?
To me, that means the IRS will look at that number as well. Anyone agree, disagree ?
Another reason it fits, is what if, for me, I got a price $10k less than that bottom price, and they wanted to tax me at the DMV for the bottom price which I didn't pay (and is higher than I paid), I'd be a little pissed.
Anyway, just food for thought. (sorry for the rotated aspect, I didn't take it that way)
cheers

[TurtleBoy]

Originally Posted by leightos

I am asking about MSRP because recently I was surprised what the NV government looked for (for) DMV road tax purposes. When I moved to NV I was told they would tax me for registration based on a percentage of MSRP. Well, I kept thinking it would be the $84445 at the bottom of my window sticker.
Well, when I got to the DMV they ran the VIN and came up with $65400 at the top. Hmm?
To me, that means the IRS will look at that number as well. Anyone agree, disagree ?
Another reason it fits, is what if, for me, I got a price $10k less than that bottom price, and they wanted to tax me at the DMV for the bottom price which I didn't pay (and is higher than I paid), I'd be a little pissed.
Anyway, just food for thought.
cheers

There is no specific definition in IRA in regards to MSRP so given that, many believe it will mean the actual MSRP of the vehicle and not base MSRP. It will not be based on what a person pays for the vehicle though, that would be defined as purchase price not MSRP. I would imagine the IRS will issue some guidance on it.

[bratk]

MSRP and Income limits also don't apply to sales from August 16 to Dec 31 2022, correct? The law and IRS page makes it very clear - Only requirement for this period is NA assembly, everything else is same as pre August 16 (for cars sales between Aug and Dec 31 2022)?