07-28-2022, 01:51 AM | #1 |
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Senate Bill Deal Would Expand EV Tax Credits, But No Help For i4 / iX
Featured on BIMMERPOST.com https://electrek.co/2022/07/27/senat...rm-tesla-tsla/ |
07-28-2022, 07:04 AM | #3 | |
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07-28-2022, 07:10 AM | #4 | ||
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07-28-2022, 08:08 AM | #5 |
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Not giving up my ICE no matter the tax credit haha
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07-28-2022, 08:09 AM | #6 |
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It's almost as if the US wants everyone to be poor.
Why limit the EV credit based on income?
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07-28-2022, 08:11 AM | #7 |
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Wow this really fucks Tesla, and the Germans over. I'm shocked they won't be fighting this. Bmw and Tesla employee a massive amount of people in the US including labor workers. I would think they have a huge amount of sway.
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07-28-2022, 08:14 AM | #8 |
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They basically punishing luxury EV car makers. $55k and $80k cap??? Real bad for customers wanting to get into a luxury EV sedan or SUV.
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07-28-2022, 08:15 AM | #9 |
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You need to change the post title... "Possible"
This hasn't pass the content of the bill isn't finalized and isn't known. I doubt it will pass within the current calendar year and note the language is.... In order to get the full credit, the electric vehicle needs to be assembled in North America, the majority of battery components need to come from North America, and contain a certain percentage of minerals from countries with free trade agreements with the US. Note a large amount of EVs don't qualify... Also it's at the point of sale...so why not raise the price of EVs by 7500 then they give you a 7500 credit with a net discount of 0. EVs do no need tax rebates or incentives. This is a waste of money |
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07-28-2022, 08:17 AM | #10 | |
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You would have zero benefit of this bill... Read the fine print... Your I4 doesn't qualify to start lol |
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07-28-2022, 08:21 AM | #11 | ||||
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That's why I'm hoping to get my car before the bill passes? I4 currently qualifies for the $7500 tax incentive lol |
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07-28-2022, 08:25 AM | #12 |
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Do we think this will apply only after the first 200,000 EVs are sold by a given manufacturer? I figured the current credit will be untouched and these terms apply to extend the credit beyond 200,000 units.
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07-28-2022, 08:26 AM | #13 |
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When the average price of a new vehicle, electric, ICE or otherwise is 48k now it's laughable that the sedan cutoff is 55k. Also to cap income on this rather than just offering a floating reduction is dumb. Good they're bringing the credit back I guess though.I live in NJ and they recently passed additional legislation as well.
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07-28-2022, 08:40 AM | #14 | |
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07-28-2022, 09:09 AM | #16 | |
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Sorry bad response |
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07-28-2022, 09:18 AM | #17 | |
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07-28-2022, 09:25 AM | #18 |
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No I get the issue... Fully... This bill is garbage
Yes it's i cater to made in America. To your point, normally when they pass bills it's not retro active. So on X date it flips so BMW and others would still have time likely at least one year/tax cycle. As if they just said effective tomorrow it would result in legal actions and conflict with the prior law on the books. I myself don't think there should be any credits past 200k. As the infrastructure sucks and the fact there is no standard level of charging that all brands must follow. jayp98 |
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07-28-2022, 09:36 AM | #19 | |
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Without getting into a policy debate, it does seem a bit odd that someone making a million dollars a year could buy a $100k iX and have the federal government subsidize part of the purchase. However, it's what we've come to expect for EVs so any time the rules change people will be upset. This bill could go into effect. Will it? Who knows given the current political situation. If it were enacted, I feel confident it would NOT be for tax year 2022. The best we on here with recent i4 orders can hope is that the effective date will be 2024 tax year and not 2023. Also I really hope they raise they raise the sedan price cap and align it with the SUV cap. Hard to see why that needs to be different. |
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07-28-2022, 09:38 AM | #20 | ||
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07-28-2022, 09:42 AM | #21 | |||
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07-28-2022, 09:49 AM | #22 | ||||
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