Federal Tax Credits Seem To Be A Go For Now

14377 Views 175 Replies 37 Participants Last post by bufkey, 2 mo ago

JrBrowzer

Discussion Starter · 6 mo ago

Just checked on qualifying EVs for the federal tax credit and found some great news for those who signed our Ariya purchase contracts before 8/16.

The government web site states: "Preliminary guidance from the Internal Revenue Service addresses some important issues regarding vehicles purchased in 2022: If you entered into a written binding contract to purchase a new qualifying electric vehicle before August 16, 2022, but do not take possession of the vehicle until on or after August 16, 2022, (for example, because the vehicle has not been delivered), you may claim the EV credit based on the rules that were in effect before August 16, 2022."

It does not mention when you have to take possession specifically. Also, the web site now shows the Ariyas as qualifying for the $7,500 tax credit.

Here is a link to the web site: Federal Tax Credits for Electric and Plug-in Hybrid Cars

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dhat22

· #2 · 6 mo ago

JrBrowzer said:
Just checked on qualifying EVs for the federal tax credit and found some great news for those who signed our Ariya purchase contracts before 8/16.

The government web site states: "Preliminary guidance from the Internal Revenue Service addresses some important issues regarding vehicles purchased in 2022: If you entered into a written binding contract to purchase a new qualifying electric vehicle before August 16, 2022, but do not take possession of the vehicle until on or after August 16, 2022, (for example, because the vehicle has not been delivered), you may claim the EV credit based on the rules that were in effect before August 16, 2022."

It does not mention when you have to take possession specifically. Also, the web site now shows the Ariyas as qualifying for the $7,500 tax credit.

Here is a link to the web site: Federal Tax Credits for Electric and Plug-in Hybrid Cars

Wheel Tire Automotive tire Motor vehicle Font

Platinum+ conspicuously absent from the list.

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Reactions: 1

PNWariya

· #3 · 6 mo ago

Thanks for posting the info. Perhaps the Platinum trim not listed due to higher MSRP?

Reactions: 1

FolsomCa

· #4 · 6 mo ago

👏 👏 👏 I went to1) fed tax credit site you stated
2) then Preliminary Guidance page in RED
3) Back to my signed agreement dated 8/12/22 ,right below Bold Letters (Agreement to Purchase) it does say Binding Contract
4) Only question crossing my mind now (FWD) will I receive in 2022.
Thanks again for helping Ariya Family with Data

Reactions: 1

JrBrowzer

Discussion Starter · #5 · 6 mo ago

dhat22 said:
View attachment 763 Platinum+ conspicuously absent from the list.

Wondering if it's because it's the AWD isn't expected until 2023?

Maruko

· #6 · 6 mo ago

Wheel Tire Automotive parking light Car Vehicle

Maybe since it's classified as a car, the Platinum+ is over the $55k threshold for tax credit?

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Jayway

· #7 · 6 mo ago

I thought it was an SUV

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EarlyEVadopter

· #8 · 6 mo ago

Maruko said:
View attachment 764

Maybe since it's classified as a car, the Platinum+ is over the $55k threshold for tax credit?

I believe the IRS plain and simply just omitted the Ariya Platinum + model in error. ie new rules won’t apply if a buyer had signed a binding contract b4 8/16. That combined with the Lucid Air being listed here which clearly doesn’t qualify as an SUV.

dhat22

· #9 · 6 mo ago

Jayway said:
I thought it was an SUV

Nissan might call it an SUV, but that doesn’t mean the EPA classified it as one.

Marko5333

· #10 · 6 mo ago

JrBrowzer said:
Just checked on qualifying EVs for the federal tax credit and found some great news for those who signed our Ariya purchase contracts before 8/16.

The government web site states: "Preliminary guidance from the Internal Revenue Service addresses some important issues regarding vehicles purchased in 2022: If you entered into a written binding contract to purchase a new qualifying electric vehicle before August 16, 2022, but do not take possession of the vehicle until on or after August 16, 2022, (for example, because the vehicle has not been delivered), you may claim the EV credit based on the rules that were in effect before August 16, 2022."

It does not mention when you have to take possession specifically. Also, the web site now shows the Ariyas as qualifying for the $7,500 tax credit.

Here is a link to the web site: Federal Tax Credits for Electric and Plug-in Hybrid Cars

JrBrowzer said:
Just checked on qualifying EVs for the federal tax credit and found some great news for those who signed our Ariya purchase contracts before 8/16.

The government web site states: "Preliminary guidance from the Internal Revenue Service addresses some important issues regarding vehicles purchased in 2022: If you entered into a written binding contract to purchase a new qualifying electric vehicle before August 16, 2022, but do not take possession of the vehicle until on or after August 16, 2022, (for example, because the vehicle has not been delivered), you may claim the EV credit based on the rules that were in effect before August 16, 2022."

It does not mention when you have to take possession specifically. Also, the web site now shows the Ariyas as qualifying for the $7,500 tax credit.

Here is a link to the web site: Federal Tax Credits for Electric and Plug-in Hybrid Cars

you people are living in a fantasy world. Good luck on your illusion on what you want, and what your gonna get.

dhat22

· #11 · 6 mo ago

Marko5333 said:
you people are living in a fantasy world. Good luck on your illusion on what you want, and what your gonna get.

You’re*

Reactions: 2

Marko5333

· #12 · 6 mo ago

dhat22 said:
You’re*

There is no binding agreement. Did you go into the dealer and they had you sign agreement to buy this car. Do they have your signature on paper. Do you have a final price, and you signed to buy it at the price. No…no… you have no legal rights. It’s a scam. If they don’t have your signature, with a price, you have no rights to sue Nissan.

Marko5333

· #13 · 6 mo ago

Nissan is playing all of us. Here’s a VR headset. We don’t have it 3 weeks later. You won’t get your Aryia , Till spring., so we’re sending you a VR headset. How stupid are we. Call Nissan and Bitch about no communication, and how your so disappointed with them.

ManCalledSloan

· #14 · 6 mo ago

Ariya is classified as a small station wagon not an SUV.

Wheel Car Product Tire Motor vehicle

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atlasG

· #15 · 6 mo ago

Marko5333 said:
... Call Nissan and Bitch about no communication, and how your so disappointed with them.

You're

EarlyEVadopter

· #16 · 6 mo ago

Marko5333 said:
There is no binding agreement. Did you go into the dealer and they had you sign agreement to buy this car. Do they have your signature on paper. Do you have a final price, and you signed to buy it at the price. No…no… you have no legal rights. It’s a scam. If they don’t have your signature, with a price, you have no rights to sue Nissan.

Actually some of us reservationist do have a signed dealer contract in our possession. Besides my dealership in Olympia, Wa I understand a dealership near Portland Oregon provided signed contracts as well. My dealer contract for my Ariya was generated and signed by my dealerships sales manager before the IRA legislation was signed into law. Of course I also signed the Nissan agreement prior to 8-16-22 and Nissan has verified since that they have my document on file now. In addition I live in Washington state which doesn’t require a specific $ amount to be considered a binding agreement. So my $500 deposit paid back in April will deem both of my documents binding.
Regardless , I totally understand your frustration in that your dealer experience has not been positive as others may have experienced in the Great Northwest.

dhat22

· #17 · 6 mo ago

Marko5333 said:
Nissan is playing all of us. Here’s a VR headset. We don’t have it 3 weeks later. You won’t get your Aryia , Till spring., so we’re sending you a VR headset. How stupid are we. Call Nissan and Bitch about no communication, and how your so disappointed with them.

You’re*

Reactions: 1

EarlyEVadopter

· #18 · 6 mo ago

JrBrowzer said:
Wondering if it's because it's the AWD isn't expected until 2023?

You may be on to something!

Marko5333

· #19 · 6 mo ago

FolsomCa said:
👏 👏 👏 I went to1) fed tax credit site you stated
2) then Preliminary Guidance page in RED
3) Back to my signed agreement dated 8/12/22 ,right below Bold Letters (Agreement to Purchase) it does say Binding Contract
4) Only question crossing my mind now (FWD) will I receive in 2022.
Thanks again for helping Ariya Family with Data

How is this a binding contract when you don’t know the price of the car. What if dealer says there a 10k uplift to the price. Your saying I have to buy it because it’s a binding contract.

Reactions: 1

dhat22

· #20 · 6 mo ago

Marko5333 said:
How is this a binding contract when you don’t know the price of the car. What if dealer says there a 10k uplift to the price. Your saying I have to buy it because it’s a binding contract.

You’re*

Reactions: 1

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