[gulshan]

While we debate this ad nauseam Sinema is getting ready to piss on Manchin's bonfire

[azfootdoc]

Transition provision for EVs with written sales orders dated in 2022 prior to the date of President signing the bill but delivered in 2023 allows purchaser to claim the “old” credit in 2023. (Page 386, line 20).

https://electrek.co/2022/07/27/senat...esla-tsla/amp/

[pookiemalibu]

[QUOTE=m3number86;29164135]

Originally Posted by pookiemalibu

I would argue no private school if youre at that income level. No fancy car either. Theres your savings lol

I would argue differently lol. That said, my (private) high school is "only" $20K/year per kid. I think they start offering a discount after the 2nd kid.

[m3number86]

[QUOTE=pookiemalibu;29172731]

Originally Posted by m3number86

I would argue differently lol. That said, my (private) high school is "only" $20K/year per kid. I think they start offering a discount after the 2nd kid.

Yeah depends where you live and how the school districts are. I'm still in older child after school program payments and second child just starting day care situation.

Once my oldest finishes elementary (close to home and in a decent district) hes going to private school. Same with second.

THATS GT3 MONEY!

[LeeInCT]

Originally Posted by azfootdoc

Transition provision for EVs with written sales orders dated in 2022 prior to the date of President signing the bill but delivered in 2023 allows purchaser to claim the “old” credit in 2023. (Page 386, line 20).

https://electrek.co/2022/07/27/senat...esla-tsla/amp/

"EVs with written sales orders dated in 2022"
Anyone know the answer to the following questions ?

1. Does a bill of sale for a future delivery qualify as a written sales order?
2. Will dealer issue a bill of sale for a future delivery?

Thanks in advance :-)

[heatmizr]

Originally Posted by F32Fleet

Cronyism is government favoring one industry over another via direct payments, through regulations, or both. "Rent seeking" is another term.

I suppose this comes down to your idea of the government's purpose. If you are opposed to most everything the government does and believes it should do much much less, well then there's nothing anyone can say that will change your mind. In a country of two or more people, there will never be complete agreement on how to spend money.

For others who believe government's job is to actually govern - create policy and take actions in alignment with the desires of the public who elected them - then they are doing right by me with the CURRENT program in place. I believe they should gently nudge the country in the direction of the most good. I think in that case this fits. This program is not the first of its kind, it is a common method to help move society forward. I too was helped to consider the i4 based on the large incentive.

Now if we speak about the proposed program yet to be enacted, I will say that it smells a little off to me, by making so many exclusions and taking away people's freedom of choice. Some may see certain provisions as favoring American, for better or worse. I personally just dislike the complexity and long list of rules about it.

[F32Fleet]

Originally Posted by heatmizr

I suppose this comes down to your idea of the government's purpose. If you are opposed to most everything the government does and believes it should do much much less, well then there's nothing anyone can say that will change your mind. In a country of two or more people, there will never be complete agreement on how to spend money.

For others who believe government's job is to actually govern - create policy and take actions in alignment with the desires of the public who elected them - then they are doing right by me with the CURRENT program in place. I believe they should gently nudge the country in the direction of the most good. I think in that case this fits. This program is not the first of its kind, it is a common method to help move society forward. I too was helped to consider the i4 based on the large incentive.

Now if we speak about the proposed program yet to be enacted, I will say that it smells a little off to me, by making so many exclusions and taking away people's freedom of choice. Some may see certain provisions as favoring American, for better or worse. I personally just dislike the complexity and long list of rules about it.

It's about ethics. The predominant ethics of altruistic - collectivism a moral cannibalism where the individual exists solely to serve society.

[heatmizr]

Too deep for me.
I just want to see us tangibly move toward the future. We'll never all agree on how.

[jgunnz]

What's to stop BMW from dropping the e40 base MSRP by $900 and making it up by charging for previously standard features as options?

[mbchris]

They would eventually have to break the $55K due to inflation. They can't keep it there forever. So why bother for just 1 year? Better to get new models in that are way under the $55K to fill that gap.

Plus there is the scenario where they wouldn't even qualify for the rebate given the stringent sourcing requirements.

[jeffc42]

Originally Posted by jgunnz

What's to stop BMW from dropping the e40 base MSRP by $900 and making it up by charging for previously standard features as options?

It's not built in North America, so it wouldn't qualify anyway. Could they start assembling it in Mexico in the existing factory there? I guess, but they've announced no plans to do so. No cars made there are imported into the U.S.

[OUGrad05]

Subscribing to this thread since I'm on the list at my local dealer and should be able to order in early September.

[Flet0027]

If this passes as currently outlined, it throws a bit of monkey wrench in my "get and nice ev for my next car" plan. Fortunately, these things change a lot before they pass. I'm hoping for the best.

[JM71]

Looking like it may be done and signed in a week or two now that Sinema caved. Unless you have written binding contract before signed, then $7500 credit goes away.

https://www.zerohedge.com/political/...y-billionaires

[techwhiz1]

Originally Posted by jeffc42

It's not built in North America, so it wouldn't qualify anyway. Could they start assembling it in Mexico in the existing factory there? I guess, but they've announced no plans to do so. No cars made there are imported into the U.S.

The M2 will be made there exclusively and the LCI 3maeries will be made there for North America.

So the plant in Mexico will be making cars for the US. The question is; will they tool it for North American EV?

Only BMW can answer that.

[OUGrad05]

Originally Posted by JM71

Looking like it may be done and signed in a week or two now that Sinema caved. Unless you have written binding contract before signed, then $7500 credit goes away.

https://www.zerohedge.com/political/...y-billionaires

zero hedge sucks, basically propaganda...

Everything I've read says if you're under contract by year end you're fine.

[JM71]

Originally Posted by OUGrad05

zero hedge sucks, basically propaganda...

Everything I've read says if you're under contract by year end you're fine.

It is just a source. There are plenty that summarize the bill.

You have to have a "written binding contract" by the time the law is signed.

[OUGrad05]

Originally Posted by JM71

It is just a source. There are plenty that summarize the bill.

You have to have a "written binding contract" by the time the law is signed.

Yea that's how it reads. That or take delivery by year end.
The house could fix it and the IRS and Treasury could also create a grace period but who knows if they will.

[cruzer666]

Originally Posted by OUGrad05

Yea that's how it reads. That or take delivery by year end.
The house could fix it and the IRS and Treasury could also create a grace period but who knows if they will.

I thought the same, then I read the bill:
"before the date of enactment of this Act, purchased, or entered into a written binding contract to purchase"
So you either take delivery before this bill is enacted or you're under contract before.
If you take delivery by end of year without a "binding contract" you don't qualify.

I did see some outlets incorrectly summarize the bill saying if you take delivery by end of year you're ok, but that is not the case.

I'm asking my dealer for one now.

[techwhiz1]

Originally Posted by cruzer666

I thought the same, then I read the bill:
"before the date of enactment of this Act, purchased, or entered into a written binding contract to purchase"
So you either take delivery before this bill is enacted or you're under contract before.
If you take delivery by end of year without a "binding contract" you don't qualify.

I did see some outlets incorrectly summarize the bill saying if you take delivery by end of year you're ok, but that is not the case.

I'm asking my dealer for one now.

Yep BMW is frozen out the day this is signed and California people are screwed because our consumer protection laws do not allow binding contracts from dealer/brokers if no car exists.

Fisker, Tesla, etc can get around this because they are direct to consumer and they can claim without a binding contract they will not produce a car/truck.

[moodyhank82]

"FINAL ASSEMBLY.—The amendments made by subsection (b) shall apply to vehicles sold after the date of enactment of this Act."

If I understand this part correctly, as soon as POTUS signs this bill into law, even deliveries this year (the ones after POTUS' signature and before 1/1/2023) will only get $3,750 in federal tax credit since the i4 is not assembled in North America.

[OUGrad05]

Originally Posted by moodyhank82

"FINAL ASSEMBLY.—The amendments made by subsection (b) shall apply to vehicles sold after the date of enactment of this Act."

If I understand this part correctly, as soon as POTUS signs this bill into law, even deliveries this year (the ones after POTUS' signature and before 1/1/2023) will only get $3,750 in federal tax credit since the i4 is not assembled in North America.

50% is better than 0%.