Featured Tesla to lose $7,500 consumer tax credits for some Model 3 vehicles

I suppose the portion of 401k that's not in the Roth could make that 7,500 tax debt work for us.
Might have to seriously rethink this

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I did some financial gymnastics when we bought our PHEV in 2019 to create a Federal Tax deficit to take advantage of the EV/PHEV Tax Credit.

Never again will I do that.

Why in the name of common sense isn't this just applied to the vehicle price by the Dealer when the vehicle is purchased and then the Dealer is reimbursed by the Government..

 

it can be -
In the case of a lease the manufacturer/Lessor gets the credit.
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What happened to the dealer gives 7500 at time of sale next year? I don’t need to keep up on all this, not being in the market, ever. But I remember hearing something.

 

We never lease, but I do remember that being advertised as a commonsense way to access the incentive. Hyundai and KIA at the time were advertising doing what you suggested.

 

They will if they choose to participate, but you still have to qualify

 

I looked at leases all summer before purchasing, it didn’t seem like they were giving anything back

 

The logistics of how that would work needed to be hammered out.
As of Jan 1st, that is exactly how it will work.

 

Just a total guess, but in the case of a tax rebate the basic mechanism is relatively easy to implement via the IRS and tax forms. In the case of the government sending large sums of money to dealerships every month or quarter they have to setup a way to do this and audit the validity of the claims. They don't call them stealerships for no reason.

Mike

 

My understanding is there is some sort of 'point of sale' option that discounts the purchase price when bought. You still file for the tax credit but for cash flow and car loan, instant savings.

Bob Wilson

 

If you only seek bad tesla news - then of COURSE you wouldn't see other's news - or even care about other manufacturers losing $7,500 tax credit

Nissan Leaf immediately came to mind .....
2024 Nissan LEAF eligible for $3,750 EV tax credit

Here's a more comprehensive list

Only 10 Electric Car Models Will Qualify For Full Federal EV Tax Credit On January 1, 2024 - CleanTechnica

The new rules are about sourcing battery minerals in the USA as well as Manufacturing in USA as well as fair trade agreements. Next time, try to make your links be about being informative rather than making it about Tesla Tesla Tesla - the way Yahoo news does and other lazy journalists as well.

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because ...... ?
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if you see a new bolt for sale after 12/31, you'd better snap it up and hope the dealer is participating in the federal program

 

this is a huge mistake in my opinion, it slow growth. but more n/a sourcing down the road might be a good thing, idk.

 

Read the provided list again. SOME model 3's will lose the credit. Performance version still gets - as does the Y performance .another thing - Tesla can always re-source the batteries & if they do that, and that may very well be what they're planning to, it would be to their advantage to not mention it yet. Tesla has done well in most of it's effort at beating the gamesmanship of short sellers, other auto manufacturers, government entities Etc
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