john adams
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- First Name
- John
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(Cross posted this elsewhere on the internet but I thought others might want to pick this apart)
tl;dr. If you make less than $400,000, and order a 4xe that costs less than 69K, you would get $8,500 (or $9,000) if this passes.
Correct me if I'm wrong. The current house bill due for a vote and pre-reconcilation is here and the consumer credit discussion begins at page 1240, though by all means read the entire thing. I apologize for the formatting. Blame Congress.
The way I read it, the 4xe qualifies for (these items are additive):
(2) BASE AMOUNT.—The amount determined under this paragraph is $4,000. YES=$4000
(3) BATTERY CAPACITY.—In the case of a new
qualified plug-in electric drive motor vehicle, the
amount determined under this paragraph is $3,500
if—
(A) in the case of a vehicle placed in service before January 1, 2027, such vehicle draws
propulsion energy from a battery with not less
than 40 kilowatt hours of capacity and has a
gasoline tank capacity not greater than 2.5 gallons, and
(B) in the case of a vehicle placed in service after December 31, 2026, such vehicle
draws propulsion energy from a battery with
not less than 50 kilowatt hours of capacity and
has a gasoline tank capacity not greater than
2.5 gallons.
NO = gas tank more than 2.5G, also battery capacity is only 17.3 kWh.
(4) DOMESTIC ASSEMBLY.—In the case of a
new qualified electric drive plug-in vehicle which satisfies the domestic assembly qualifications, the
amount determined under this paragraph is $4,500. Assume yes = $4,500.
(5) DOMESTIC CONTENT.—In the case of a
new qualified electric drive plug-in vehicle which satisfies domestic content qualifications, the amount determined under this paragraph is $500.
-----Later definition: (2) DOMESTIC CONTENT QUALIFICATIONS.—
The term ‘domestic content qualifications’ means,
with respect to any model of a new qualified plug-
in electric vehicle, that vehicles of that model are
powered by battery cells which are manufactured in
the United States as certified by the manufacturer
at such time and in such form and manner as the
Secretary may prescribe
Don't know = ???
----Limitations
Then there is an income limitation. If you make less than $400,000, this does not apply but take a look if you make more than that.
Then there is a price limitation, which in short says if your vehicle is more than 69K, no credits at all (Rubicons and HAs can go above this so talk to your dealer as you build and make sure the price works) :
(1) IN GENERAL.—No credit shall be allowed
under subsection (a) for a vehicle with a manufac
turer’s suggested retail price in excess of the appli
cable limitation.
(2) APPLICABLE LIMITATION.—For purposes
of paragraph (1), the applicable limitation for each
vehicle classification is as follows:
(B) SPORT UTILITY VEHICLES.—In the
24 case of a sport utility vehicle, $69,000.
tl;dr. If you make less than $400,000, and order a 4xe that costs less than 69K, you would get $8,500 (or $9,000) if this passes.
This page has a good summary of the two bills pending and that need reconcilation. It's Tesla biased but you get the gist.
tl;dr. If you make less than $400,000, and order a 4xe that costs less than 69K, you would get $8,500 (or $9,000) if this passes.
Correct me if I'm wrong. The current house bill due for a vote and pre-reconcilation is here and the consumer credit discussion begins at page 1240, though by all means read the entire thing. I apologize for the formatting. Blame Congress.
The way I read it, the 4xe qualifies for (these items are additive):
(2) BASE AMOUNT.—The amount determined under this paragraph is $4,000. YES=$4000
(3) BATTERY CAPACITY.—In the case of a new
qualified plug-in electric drive motor vehicle, the
amount determined under this paragraph is $3,500
if—
(A) in the case of a vehicle placed in service before January 1, 2027, such vehicle draws
propulsion energy from a battery with not less
than 40 kilowatt hours of capacity and has a
gasoline tank capacity not greater than 2.5 gallons, and
(B) in the case of a vehicle placed in service after December 31, 2026, such vehicle
draws propulsion energy from a battery with
not less than 50 kilowatt hours of capacity and
has a gasoline tank capacity not greater than
2.5 gallons.
NO = gas tank more than 2.5G, also battery capacity is only 17.3 kWh.
(4) DOMESTIC ASSEMBLY.—In the case of a
new qualified electric drive plug-in vehicle which satisfies the domestic assembly qualifications, the
amount determined under this paragraph is $4,500. Assume yes = $4,500.
(5) DOMESTIC CONTENT.—In the case of a
new qualified electric drive plug-in vehicle which satisfies domestic content qualifications, the amount determined under this paragraph is $500.
-----Later definition: (2) DOMESTIC CONTENT QUALIFICATIONS.—
The term ‘domestic content qualifications’ means,
with respect to any model of a new qualified plug-
in electric vehicle, that vehicles of that model are
powered by battery cells which are manufactured in
the United States as certified by the manufacturer
at such time and in such form and manner as the
Secretary may prescribe
Don't know = ???
----Limitations
Then there is an income limitation. If you make less than $400,000, this does not apply but take a look if you make more than that.
Then there is a price limitation, which in short says if your vehicle is more than 69K, no credits at all (Rubicons and HAs can go above this so talk to your dealer as you build and make sure the price works) :
(1) IN GENERAL.—No credit shall be allowed
under subsection (a) for a vehicle with a manufac
turer’s suggested retail price in excess of the appli
cable limitation.
(2) APPLICABLE LIMITATION.—For purposes
of paragraph (1), the applicable limitation for each
vehicle classification is as follows:
(B) SPORT UTILITY VEHICLES.—In the
24 case of a sport utility vehicle, $69,000.
tl;dr. If you make less than $400,000, and order a 4xe that costs less than 69K, you would get $8,500 (or $9,000) if this passes.
This page has a good summary of the two bills pending and that need reconcilation. It's Tesla biased but you get the gist.
Sponsored
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