Too expensive to qualify. https://www.irs.gov/credits-deductions/manufacturers-and-models-for-new-qualified-clean-vehicles-purchased-in-2023-or-after
The IRS regs are odd. It appears that they're applying the $80K limit on MSRP that applies to SUVs only to AWD models. A lot of less expensive crossovers without AWD, including the Mustang Mach-E and most versions of the VW ID4, are also being capped at $55K. This seems arbitrary to me. Is there a written explanation of the criteria they're using?
I think the US Government has like 4 or 5 different definitions of SUV, and I think the one IRS is using has 3 rows and AWD as clarifiers.
Since the treasury department has stated that leasing is covered under the business section of the tax credit, push hard to get an excellent lease deal on a Lyriq.
It does qualify now, this is a VERY old thread before changes in the requirements were announced that made it qualify.
