Topic starter
December 30, 2022 4:31 pm
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?
https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before
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.
December 30, 2022 4:47 pm
No one knows. See this thread for extensive discussion
https://forums.fiskerati.com/fisker-ocean/new-wrinkle-guidance-on-the-transition-rule-tax-credit/
progressnc reacted
January 24, 2023 4:08 pm
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.
Surfrider reacted
January 24, 2023 4:22 pm
@carvana That is what we are all waiting for! (And, hopefully, with positive clarification.)
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