Has anyone negotiated 2022 Bolt below MSRP?

Nothing was changed in section 30D(a)

(a) Allowance of credit


There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of the credit amounts determined under subsection (b) with respect to each new qualified plug-in electric drive motor vehicle placed in service by the taxpayer during the taxable year.

 

https://www.foley.com/en/insights/publications/2022/08/inflation-reduction-act-key-provisions-itc-ptc

Direct Pay Option and Transferring Credits
The Act allows tax credit recipients to monetize the credits in two new ways: via the direct pay option set forth in Section 6417 or by transferring all (or any portion of) the tax credit to another taxpayer under Section 6418.

"To properly transfer, the transferee must pay for the credit in cash, and the buyer is not allowed to deduct the amount paid for such credit or subsequently transfer the credit. The payment will not be included in the gross income of the original recipient."

 

https://blog.ucsusa.org/dave-reichmuth/what-the-inflation-reduction-act-means-for-electric-vehicles/

"The credit is now assignable to a car dealer so that buyers can use the credit as part of their down payment or as cash back from the dealer. This could function like a “point-of-sale” rebate and would make it easier for many EV buyers as the tax credit will reduce the upfront cost of the EV. That’s different than the current EV tax credit that requires buyers to wait until filing their taxes in the following calendar year to receive the value of the EV credit. This assignment of the credit is also a potential solution for car buyers that have less than $7,500 tax liabilities as the EV credit can reduce one’s tax liability but is not refundable." (The current legislation is not refundable - the new IRA legislation most definitely is.)

The whole point of this legislation was to provide relief for EV buyers - at the point of sale as a refund.

 

If folks listen to you they are going to be owing thousands of dollars to the IRS if they take that advancement and don't own enough taxes to use up the tax credit.

 

Thank you to identify an Inside EVs user I can safely ignore.