No tax credit for the Lyriq

  • Thread starter Thread starter marshall
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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?
 
Bruce M. said:
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?
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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.
 
SR-71 said:
I'm missing why they Lyriq doesn't qualify for tax credit. Does the Lyriq cost more than $80k?
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It does qualify now, this is a VERY old thread before changes in the requirements were announced that made it qualify.
 
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