Proposed Legislation

Discussion in 'Cooper SE' started by Quorn, Jul 29, 2022.

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  1. Quorn

    Quorn Member

    Looks like imported EV's will lose their $7500 rebate in 2023.
    Not clear about the $4000 tax credit on resales?
    Form 8911 for 30% rebate on charging station still OK I think.
     
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  3. teslarati97

    teslarati97 Well-Known Member

    The legislation has a new income cap of $150,000 for single filers and $300,000 for joint filers to claim the credit but it might be applied at the point of sale as a rebate. For used cars the income cap is $75,000 for single filers and $150,000 for joint. The 200,000 phase out limit would also be lifted.

    There is also a price cap of $55,000 for new cars and $80,000 for SUVs & pickup trucks so the ultimate quad motor long range edition probably won't qualify but there will be a whole slew of cars available. I'm still not quite clear on the North America requirements for battery and critical minerals.
     
  4. insightman

    insightman Well-Known Member Subscriber

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