CybertruckAgent
Well-known member
- First Name
- Bob
- Joined
- Dec 30, 2020
- Threads
- 3
- Messages
- 158
- Reaction score
- 218
- Location
- Nashville
- Vehicles
- Cybertruck Tri-motor
- Occupation
- Realtor
- Thread starter
- #1
By my reading of this report potentially no new Tesla’s would be eligible for the full $7500. My assumption is that’s by design but that’s a topic for another day. When you combine the American made/mined components requirements with the under 55k sticker price for cars, it seems to exclude most if not all current Teslas. Perhaps versions of the Cybertruck will qualify, but we won’t know till pricing and production specs are public.
“…because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent.
And those rules become more stringent over time — to the point where, in a few years, it’s possible that no EVs would qualify for the tax credit, says John Bozzella, CEO of the Alliance of Automotive Innovation, a key industry trade group. As of now, the alliance estimates that about 50 of the 72 electric, hydrogen or plug-in hybrid models that are sold in the United States wouldn’t meet the requirements.”
“For an EV buyer to qualify for the full credit, 40% of the metals used in a vehicle’s battery must come from North America. By 2027, that required threshold would reach 80%.
If the metals requirement isn’t met, the automaker and its buyers would be eligible for half the tax credit, $3,750.”
“The tax credit would be available only to couples with incomes of $300,000 or less or single people with income of $150,000 or less. And any trucks or SUVs with sticker prices above $80,000 or cars above $55,000 wouldn’t be eligible.
https://apnews.com/article/electric-vehicles-tax-credit-cfd3d9322230446f65d629b05c2ae551
“…because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent.
And those rules become more stringent over time — to the point where, in a few years, it’s possible that no EVs would qualify for the tax credit, says John Bozzella, CEO of the Alliance of Automotive Innovation, a key industry trade group. As of now, the alliance estimates that about 50 of the 72 electric, hydrogen or plug-in hybrid models that are sold in the United States wouldn’t meet the requirements.”
“For an EV buyer to qualify for the full credit, 40% of the metals used in a vehicle’s battery must come from North America. By 2027, that required threshold would reach 80%.
If the metals requirement isn’t met, the automaker and its buyers would be eligible for half the tax credit, $3,750.”
“The tax credit would be available only to couples with incomes of $300,000 or less or single people with income of $150,000 or less. And any trucks or SUVs with sticker prices above $80,000 or cars above $55,000 wouldn’t be eligible.
https://apnews.com/article/electric-vehicles-tax-credit-cfd3d9322230446f65d629b05c2ae551
Sponsored