BMW i
Forum for the BMW i3, i4 and i8
BMW i3 BMW i8
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Go Back   BMW i Forums > BMW i8 Forums > BMW i8 General Discussion

Post Reply
 
Thread Tools Search this Thread
      01-06-2015, 12:09 AM   #1
postdady
New Member
2
Rep
14
Posts

Drives: 2014 i8
Join Date: Jun 2011
Location: LA, CA

iTrader: (0)

Tax Rebates

BIMMERPOST
     Featured on BIMMERPOST.com
Getting my i8 at the end of this week.
Can anyone tell me what Federal or CA tax rebates the car qualifies for?
Appreciate 0
      01-06-2015, 12:53 AM   #2
StuM
Private First Class
StuM's Avatar
United_States
6
Rep
133
Posts

Drives: i8 Protonic Blue/Pure Impulse/
Join Date: Mar 2014
Location: CA

iTrader: (0)

Garage List
Tax affects in CA

Unfortunately, last time I checked there is nothing from CA. The i8 was never fully tested re their existing EV program (emissions basis), therefore not covered. That may have changed more recently. Your dealer should have a communications document detailing all of this, with state contact details.
The federal incentive is a tax credit. It's about $3750 and again is a credit, not a rebate.
Appreciate 0
      01-06-2015, 11:27 AM   #3
mu2002cs
Private
8
Rep
84
Posts

Drives: i8
Join Date: May 2014
Location: Texas

iTrader: (0)

The IRS Tax Credit for 2014 was $3493. Its formula driven based electric motor output, resulting in the i8 getting a lower tax credit than the i3, Tesla, etc that receive the full $7500.

http://www.irs.gov/Businesses/30D-Ne...-North-America

In Texas, we receive a $2500 EV Incentive payment from the state.
Appreciate 0
      01-06-2015, 12:17 PM   #4
MalibuBimmer
Founder, Knights of the Roundel website
MalibuBimmer's Avatar
United_States
48
Rep
531
Posts

Drives: i8 and others
Join Date: Mar 2008
Location: Santa Monica Mountains, CA

iTrader: (0)

Garage List
2015 BMW M4  [5.00]
2014 BMW i8  [5.00]
2013 BMW X1  [0.00]
2013 BMW 650i conve ...  [0.00]
If you buy you get the Federal rebate. If you lease, the lessor gets the rebate. BMW FS passes the rebate on so that it effectively lowers the acquisition cost.
__________________
Previously: 2013 650i Gran Coupe; 2010 550i GT; 2010 535 GT; 2010 Z4 3.5; 2008 535ixt; 2007 M6 convertible; 2006 650i convertible; 1996 Z3; [1969-1970; 1983-2005 -- the Mercedes years]; 1980 633CSi; 1978 630CS; 1972 3.0CS; 1971 Bavaria. All new except the Bavaria.

Appreciate 0
      01-06-2015, 06:21 PM   #5
ChiTownM
First Lieutenant
ChiTownM's Avatar
United_States
8
Rep
343
Posts

Drives: M and i BMWs
Join Date: Oct 2010
Location: Chicago

iTrader: (0)

Same in Illinois, only Federal Rebate. Bummer...
Appreciate 0
      01-18-2015, 01:51 AM   #6
morfinx
Shenanigans
morfinx's Avatar
United_States
27
Rep
1,246
Posts

Drives: Audi R8 V10
Join Date: Jul 2010
Location: Austin, TX

iTrader: (1)

Quote:
Originally Posted by mu2002cs View Post
In Texas, we receive a $2500 EV Incentive payment from the state.
I was under the impression that was only to replace a really old car?
__________________
Audi R8 V10, 6MT, Ibis White
i3 REx Mega, Laurel Grey
[Retired] Z4 sDrive35i, 335i Coupe


Appreciate 0
      01-18-2015, 10:31 AM   #7
MalibuBimmer
Founder, Knights of the Roundel website
MalibuBimmer's Avatar
United_States
48
Rep
531
Posts

Drives: i8 and others
Join Date: Mar 2008
Location: Santa Monica Mountains, CA

iTrader: (0)

Garage List
2015 BMW M4  [5.00]
2014 BMW i8  [5.00]
2013 BMW X1  [0.00]
2013 BMW 650i conve ...  [0.00]
Quote:
Originally Posted by morfinx View Post
I was under the impression that was only to replace a really old car?
Nothing mentioned in this article about the vehicle being replaced, just the car being acquired.
__________________
Previously: 2013 650i Gran Coupe; 2010 550i GT; 2010 535 GT; 2010 Z4 3.5; 2008 535ixt; 2007 M6 convertible; 2006 650i convertible; 1996 Z3; [1969-1970; 1983-2005 -- the Mercedes years]; 1980 633CSi; 1978 630CS; 1972 3.0CS; 1971 Bavaria. All new except the Bavaria.

Appreciate 0
      01-18-2015, 12:21 PM   #8
mu2002cs
Private
8
Rep
84
Posts

Drives: i8
Join Date: May 2014
Location: Texas

iTrader: (0)

The Texas EV credit is new and was enacted in June, 2014. It is a roughly $6B fund that covers electric, propane and CNG based vehicles.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 11:26 AM.




bmw
bmw
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST