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Discussion Starter · #1 ·
Just learned that the inflation reduction act about to be signed next week changed the $7500 tax rebate criteria and Mach-e won’t qualify for most of the $7500 . Also there’s income threshold and families with >$300k get 0 tax rebate. Some EV car manufactures have offered to convert orders to binding purchase agreements. Here’s a twitter feed asking Ford to do the same: . Please help share and support. Thanks!
 

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Just learned that the inflation reduction act about to be signed next week changed the $7500 tax rebate criteria and Mach-e won’t qualify for most of the $7500 . Also there’s income threshold and families with >$300k get 0 tax rebate. Some EV car manufactures have offered to convert orders to binding purchase agreements. Here’s a twitter feed asking Ford to do the same: . Please help share and support. Thanks!
this is interesting, it's doubly painful because probably going to be a hefty price hike next year, as ford is doing a hefty price hike on the lightning.
 

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2022 Select MMe with std. battery, eAWD, and Comfort & Tech package in Rapid Red
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@neodm00 That isn't true at all.

These standards don't take effect for cars put in service before December 31 of this year. The current tax credit remain in effect for the duration of this year.

 

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Discussion Starter · #4 ·
@neodm00 That isn't true at all.

These standards don't take effect for cars put in service before December 31 of this year. The current tax credit remain in effect for the duration of this year.

“However, the requirement that vehicles be made in North America in order to qualify will go into effect as soon as the law is passed”. This will disqualify ford Mach-e as soon as the law takes effect and this has been confirmed by Ford dealership
 

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“However, the requirement that vehicles be made in North America in order to qualify will go into effect as soon as the law is passed”. This will disqualify ford Mach-e as soon as the law takes effect and this has been confirmed by Ford dealership
The requirement is to be made in North America which includes Mexico and Canada. It doesn’t say made in USA.
 

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2022 Mach-E Premium AWD ER
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OMG. So much bad info.
 

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2021 Mach-E Select AWD | Iconic Silver
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(disclaimer: parts of the IRA can be temporarily waived until a later date, perhaps even the "Assembled in North America" part that as written would take immediate effect upon signing).

I believe the new Inflation Reduction Act (BBB renamed IRA) does seem to immediately upon signing this week require vehicles be manufactured in North America (the continent which includes Canada, USA, Mexico and more) to earn any tax credit. The Mach-E vehicle sold here in the USA is built in a Ford factory in Mexico thus should still qualify.

The remaining requirements of the IRA appear to all only take effect December 31, 2022. Thus likely this means the cost of the vehicle and income level of the buyer does not take effect until end of year. That may also mean the cap of 200k vehicles sold also is not yet removed. Thus Tesla and GM which long ago exceeded 200k cars may not immediately regain access to the incentives upon the President signing the act/bill into law this week.

Ford seems likely to pass 200k sales cap by end of this quarter, but even if they did that still permits the full incentive to be provided also during the 4th final quarter of 2022.

So, the new law may have no impact whatsoever of the incentives provided for buyer of Mach-E cars or F-150 Lighting Trucks until January 1 2023.

P.S> Even in the year 2023, some predict the new battery guidelines regarding Minerals sourced and Assembly occurring in North America may not be immediately enforced. For example a waiver might be provided in 2023 for the source of minerals since that is difficult to assess. Most EVs & PHEVs assembled in North America might then get access to at least half of the $7500, GM also assembles their batteries at a facility in Holland Michigan thus their EVs might get the full $7500 incentive. As was the case previously the website that has always listed which cars get access to the incentive and what portion of the incentives, will likely continue to serve that same purpose.
 

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Biden to sign law on Tuesday cutting most current EV credits

From the article:

"On Jan. 1, when the bill's new income and price caps and battery and critical mineral sourcing rules take effect, "none would qualify for the full credit when additional sourcing requirements go into effect," the group added." (emphasis added)
see: https://www.yahoo.com/finance/news/biden-sign-law-tuesday-cutting-204016461.html
 

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The remaining requirements of the IRA appear to all only take effect December 31, 2022. Thus likely this means the cost of the vehicle and income level of the buyer does not take effect until end of year. That may also mean the cap of 200k vehicles sold also is not yet removed. Thus Tesla and GM which long ago exceeded 200k cars may not immediately regain access to the incentives upon the President signing the act/bill into law this week.
According to this article... Cost/Income are gone today...
"But regardless of this, the transition rule triggers as soon as the bill is signed, so you should still attempt to convert to a binding reservation ASAP if you think you might end up in one of the bill’s edge cases next year (e.g. taking delivery of an 80k+ Rivian next year, or if you have income over 150k single/300k jointly)."

I've looked through the IRA text and could not specifically find what's triggered.
 

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2021 Mach-E Select AWD | Iconic Silver
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According to this article... Cost/Income are gone today...
"But regardless of this, the transition rule triggers as soon as the bill is signed, so you should still attempt to convert to a binding reservation ASAP if you think you might end up in one of the bill’s edge cases next year (e.g. taking delivery of an 80k+ Rivian next year, or if you have income over 150k single/300k jointly)."

I've looked through the IRA text and could not specifically find what's triggered.
I believe the Transition Rule for EVs can be found starting on the bottom of page 393.

Not sure what you mean by "Cost/Income are gone today..." perhaps you mean that an article on electrek.co suggests that cost/income limits begin immediately today. Maybe, but the language in the legislation states that everything (except Assembled in North American) is not supposed to start until after December 31st 2022.
 

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I believe the Transition Rule for EVs can be found starting on the bottom of page 393.

Not sure what you mean by "Cost/Income are gone today..." perhaps you mean that an article on electrek.co suggests that cost/income limits begin immediately today. Maybe, but the language in the legislation states that everything (except Assembled in North American) is not supposed to start until after December 31st 2022.
Thanks... I'll be discussing with my accountant. Perhaps I'll purchase another EV (or 2)... before the end of the year.
 
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