Fisker Ocean One Pre-Orders no longer eligible for EV Tax Credit?
I saw this mentioned in facebook group. The update to IRA guidance by IRS now stipulates that car should be delivered before 2023 to be eligible for EV Tax Credit under transition rules?
Hello: IRS has come with a new guidance on transition rule for US EV Tax Credit. Does this mean if the delivery of vehicle is in 2023, we are not eligible for EV Tax credit in US?
Purchase date vs. delivery date
If you entered a written binding contract to buy a vehicle before August 16, 2022, but took possession on or after August 16, 2022, and before January 1, 2023, you may claim the credit based on the prior rules and disregard the assembly requirement.
If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After.
No one knows. See this thread for extensive discussion
New credit law is missing this piece.
If you entered a written binding contract to buy a vehicle before August 16, 2022, but took possession on or after January 1st, 2023! This might come as part of 2023 tax credits.
@carvana That is what we are all waiting for! (And, hopefully, with positive clarification.)
🌊 Fisker Ocean One | Mariana | Sea Salt | 20” F7 AeroStealth | 7/8/22 Preorder
🚗 '18 Tesla Model 3 LR RWD | '21 VW ID.4 Pro S AWD || 🌞 22 SunPower X22-360 Panels - 7.92 kW System
@carvana I noticed that also, and sure hope that Fisker joins other auto manufacturers in helping to push this key piece of the tax credit language through for next year.