LeftieBiker
Posts: 7404
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: EV Tax Question

Wed Dec 06, 2017 11:18 pm

Having it pending but unknown by the end of the year is my nightmare. Having to lease a Bolt or Soul without being sure I even have to...
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

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IssacZachary
Forum Supporter
Posts: 571
Joined: Fri Jan 13, 2017 9:57 am
Delivery Date: 15 Nov 2016
Leaf Number: 420789
Location: Gunnison, CO, USA

Re: EV Tax Question

Wed Dec 06, 2017 11:48 pm

Here's another question. Isn't the federal EV tax credit only good on the first so-many EVs built by any particular car manufacturer. I heard on a news report that the great majority of Tesla 3 buyers this coming year will not qualify for the federal EV tax credit.
2013 SL 50,000 miles.
12 bars until 44,300 miles on June 2, 2017. :D
11 bars current. :)
The Nissan Leaf is the fourth best long distance car for highway driving. >>Best Long Distance Cars<<

LeftieBiker
Posts: 7404
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: EV Tax Question

Thu Dec 07, 2017 12:32 am

Yes, each manufacturer gets something like 200,000 vehicles credited. It phases out rather than ending in stages. Tesla and GM will lose it first, IIRC, followed soon after by Nissan.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

GetOffYourGas
Posts: 1691
Joined: Tue Dec 20, 2011 6:56 pm
Delivery Date: 09 Mar 2012
Location: Syracuse, NY

Re: EV Tax Question

Thu Dec 07, 2017 6:35 am

IEVs wrote up an article on who would likely lose the credit and when. It was a year and a half ago, so the information is out of date. But it's still surprisingly close:

Image

https://insideevs.com/when-will-the-7500-us-credit-expire-for-the-tesla-model-3-and-everyone-else/

Notice the phase-out schedule. It first drops to $3750 for 6 months, then to $1875 for 6 months, then it ends completely.
~Brian

EV Fleet:
2011 Torqeedo Travel 1003 electric outboard on a 22' sailboat
2012 Leaf SV (traded for Bolt)
2015 C-Max Energi (302A package)
2017 Bolt Premier

RonDawg
Posts: 2715
Joined: Sat Jan 12, 2013 3:46 am
Delivery Date: 11 Jan 2013
Leaf Number: 027089
Location: SoCal

Re: EV Tax Question

Thu Dec 07, 2017 8:40 am

LeftieBiker wrote:
By Christmas? I am doubtful.


Based on what? I'm basing my view on the facts that:

* Both the Trump Administration and the Republicans who control Congress want this done by Christmas, and have promised that it will be.

* There are no insurmountable differences between the two bills.

* The Democrats have no way of blocking the process of which I'm aware.


What you are saying is kind of like 'Ok, we know there is a large animal outside the tent, we're eating bacon, and it's pawing at the door. We still have no reason to think it will come in here.' ;-)


I personally don't care if it passes this month vs. next month as it will affect me the same way. It's strictly my opinion, if I'm wrong oh well.
Blue Ocean 2012 Leaf SV, lost that 1st bar on 11/21/2015 at 26,435 miles.
Lease returned on 12/23/2015. Final LeafStat figures: 225 Gids, 17.44 kWH, SOC 91.89%, SOH 82.36%, 69.49% HX, 54.57 Ahr, battery temp 61.8 F
Now driving a 2015 VW eGolf SEL

pointlomadave
Posts: 83
Joined: Mon May 06, 2013 9:04 pm
Delivery Date: 30 Apr 2013

Re: EV Tax Question

Sun Dec 10, 2017 2:28 pm

Buy a car before Dec 31st if u want to secure the rebate for sure provided there is no news or deal on the current tax plan reconciliation process. If you don't make at least $95k a year, you start losing $$$ from the federal rebate. If u lease, that $7500 goes towrds the lease regardless of what you make.

We bought a 2017 and are really close to getting the full rebate. I bought because we got such a deal on our 2017. $9300 + fees after all applicable rebates was our cost on the car with the 2 years free charging.

LeftieBiker
Posts: 7404
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 31 May 2013
Location: Upstate New York, US

Re: EV Tax Question

Sun Dec 10, 2017 7:03 pm

If u lease, that $7500 goes towrds the lease regardless of what you make.


Except that if "U" lease a Bolt, you get $2500 up front and a $5k higher (not lower) residual that saves you a little money in taxes, but kills you if you want to buy the car. So call it $3k back from the Federal credit if you lease a Bolt, and don't plan on buying it.
2013 "Brilliant Silver" SV with Premium Package and no QC, and 2009 Vectrix VX-1 with 18 Leaf cells.

The most offensive, tasteless phrase in use here is "Pulled the trigger." I no longer respond to posts that use it.

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