-Wiznaz (mod)
As of Feb 3, IRS the Treasury Department just fixed the EV tax credit's Tesla Model Y problem and the cap is $80k for ALL models now.
Ordered Date and App Time; City/State; Model; Delivery Date
01/13/2023; 7pm CST, Dallas, TX; MY, Est Jan 22nd to Feb 5th
01/13/2023; Ohio; M3, Est Mid Feb to March
01/15/2023; Oahu, Hawaii; MY; February 19 - March 26
01/14/2023; 9pm; Los Angeles, CA; MY (Blue); February 4 - March 4 (edit// now February 14 - March 21 as of 1/24/23) (edit2// February 8 - February 22 as of 1/30/23) (edit3// VIN assigned [PA066*]; February 15 - February 24 as of 2/4/23)
01/13/2023; 11:29am EDT; Boston/MA; MY White/Black wheels; January 19 - came with defect and went promptly to body shop without picking up
01/13/2023: 12pm PT, Los Angeles, CA; MY (white) no options; Jan 26 - Feb 26, then 10 days later got VIN, then three days later scheduled delivery for Feb 5.
Who Qualifies
You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV). The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.
The credit is available to individuals and their businesses.
To qualify, you must:
Buy it for your own use, not for resale
Use it primarily in the U.S.
In addition, your modified adjusted gross income (AGI) may not exceed:
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
https://www.irs.gov/credits-deduc...quireme
The sale qualifies only if:
You buy the vehicle new
The seller reports required information to you at the time of sale and to the IRS.
Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.
The new law requires the POS (Dealer or manufacturer) to report a bunch of information on the buyer to the IRS.
Such as:
Seller/Dealer name and taxpayer ID number
Buyer's name and taxpayer ID number
Maximum credit allowable under IRC 30D for new vehicles or IRC 25E for previously owned vehicles
Vehicle identification number (VIN), unless the vehicle is not assigned one
Battery capacity
Date of sale
Sale price
For new vehicles, verification that the buyer is the original user
CALIFORNIA
Now the Model 3 and Y do qualify for CVRP rebate up to $4,500 ($2,000 + $2,500 income eligible ) up to $7,500 after February 2023.
https://cleanvehiclereb
Summary of February 28, 2023 updates:
……
In addition to the standard CVRP rebate, consumers with household income less than or equal to 400 percent of the federal poverty level are eligible for an increased rebate amount of $5,500 (previously $2,500) for BEVs and PHEVs, and $3,000 (previously $2,500) for FCEVs. This amounts to:
……….$7,500 for battery-electric vehicles (previously $4,500)
https://cleanvehiclereb
B Thank you for your email. Vehicle manufacturers must apply for Clean Vehicle Rebate Project (CVRP) eligibility with the California Air Resources Board (CARB) and meet a number of program requirements. If all program requirements are met, the vehicle is added to the list of eligible vehicles on our website. At this time, Tesla has not applied.
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Excluding taxes and fees, I paid $63,940. It's now $59,630, which is $4,310 less, and it is eligible for the $7,500 tax credit. That means if I didn't buy it in December and bought it today, I would have saved $11,810 + sales tax, so a bit over $12,000 in savings I missed. (I got 10,000 Supercharger miles, which is worth somewhere between $500 and $1,000.) With taxes and fees, I paid $71,578.55 in total.
For those who do order, I recommend this Tesla Prep guide [glideapp.io] to check for build quality issues on delivery day.
I hope this helps,
Tofu Vic
The disclosure, which was first reported by Electrek, comes as the company faces scrutiny over the safety and capabilities of its standard advanced driver assistance system known as Autopilot and the $15,000 optional upgraded product branded as "Full Self-Driving." Tesla FSD beta software offers some automated driving features but is not a self-driving system.
The luxury EV-maker has long claimed it could reach full autonomy through a "vision only" approach that shuns other sensors like lidar and radar in favor of cameras and a deep neural network that quickly processes a vehicle's surroundings and responds in real time. Tesla CEO Elon Musk previously promised to "solve" full self-driving by the end of this year (he's also promised Tesla would get there every year for roughly nine years now). He has recently admitted the problem will take longer to solve.
And perhaps, as every other autonomous vehicle technologist says, it's not actually achievable yet through cameras alone.
The company began removing radar from its vehicles last May. In October, Tesla removed its 12 ultrasonic sensors from Model 3 and Model Y vehicles built for North America, Europe, the Middle East and Taiwan. Ultrasonic sensors measure distance via ultrasonic waves and are used as proximity sensors to support anti-collision safety systems, particularly in parking use cases.
Now it appears radar is back. It's not yet clear which models will get the new radar. The type of radar Tesla intends to market next year is of a frequency that's allocated by the FCC for ADAS use cases, according to Ram Machness, chief business officer at Arbe Robotics, which produces ultra-high-resolution 4D imaging radar.
Tesla had originally filed with the FCC to use the new radar — which is described in filings as "76-77 GHz Automotive Radar" — in its vehicles back in June.
"From the frequency of operation (76-77GHz) as well as the mechanical design of the sensor from Tesla's FCC filing, it appears that this radar would be utilized in ADAS applications," Steven Hong, VP and general manager of radar technology at semiconductor company Ambarella, told TechCrunch.
He noted that while the performance of this "edge" radar sensor will be limited, it's a positive development that Tesla is looking to add radar to its perception stack for safety-critical, robust performance.
Earlier this year, the FCC had granted a confidential treatment to Tesla in order to keep the details of the new radar under wraps. Late last month, Tesla applied to extend that confidentiality treatment another 60 days from its date of expiration, which is December 7.
i hope this answers your question
Wayback Machine if anyone wants to do some research: https://web.archive.org/web/20220...ely/design
I'll throw out some notable 'milestones' , focusing only on the Model Y LR base model:
* Feb 2021 - $49,000 - Roughly the lowest price for the Y LR (not including the SR @ $42k)
From this point forward, Tesla started increasing the price about $1-2 every month or so, until it peaked out at $66,000. Ex:
* May 2021 - $51,000
* July 2021 - $53,000, etc...
* Feb 2022 - $59,000, etc...
* July 2022 - $66,000 <-- peak
* Dec 1 2022 - $66,000 (-$3750 credit/refund)
* Dec 15 2022 - $66,000 (-$7500 credit/refund)
* Jan 1 2023 - $66,000 back to peak (-$7500 fed tax credit only on 7-seater)
* Jan 13 2023 - $53,000 (-$7500 fed tax credit on base model + 7-seater but not performance)
* Jan 23 2023 - $53,500 (-$7500 fed tax credit on base model + 7-seater but not performance)
* Feb 4 2023 - $55,000 (-$7500 fed tax credit on all models)
12,284 Comments
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BTW, I have never had a car payment either ...
So overall, it may cost 20-25K more than others.
Without FSD, it is like a bland car with few options.
So if people like Lexus RX, they prefer to get EV/Hybrid in that series than Tesla at similar price points. Same with fans of other brands (F/GM/Nissan/VW/Volvo/Honda...).
I am thinking of canceling my 53K TYLR and losing $250.
+Cheaper than gas
+Free Autopilot
+Free and paid EV chargers everywhere
+Charge at home and work
+FSD $200/month for road trips
+Lots of automated features my 20 year old car never dreamt of having
+7 seats (great for when I'm DD and I easily get carsick as a passenger so I prefer to drive)
+Insurance premium is $80/month vs $75 for my old car (I don't drive 10-12k/year which would significantly increase the cost)
One of my main reasons for getting the Y is because I had my previous car for 20+ years while everyone else I know went through 2-4+ cars in the same span. If I live to see 65+ years of age and only own a car every 10-20 years, I'm only going to own 1-3 more cars. I drive short distances but I drive a lot and I want to be happy and enjoy those times. The Y addresses those concerns. That's just me though.
I lost out on $5000-$12500 because I took delivery in late Dec vs waiting 3 weeks right now. I regret not waiting, but I don't regret the purchase even at the price I paid.
My point was don't jump on this because the price was just lowered, jump on it if there is an immediate need, and make sure to do a proper cost analysis. This isn't a buy now think later type of deal lol.
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I was debating between the Lexus rx350, Volvo xc90 and model Y, all were in the 65K range. Now with basically ~20K discount on the model Y. It's an easy decision for me
It is not the end of the world, it just takes some of the shine off a new car purchase that's all.
So overall, it may cost 20-25K more than others.
Without FSD, it is like a bland car with few options.
So if people like Lexus RX, they prefer to get EV/Hybrid in that series than Tesla at similar price points. Same with fans of other brands (F/GM/Nissan/VW/Volvo/Honda...).
I am thinking of canceling my 53K TYLR and losing $250.
Also, seat and steering wheel heating, panorama, a nice mobile app where you can gradually control climate, 360 degree security system and some others.
Y is a very roomy car with big trunk and frunk, storage space is huge vs 2 row big SUVs like bmw x5/mb gle etc.
And don't forget instant torque, that will always put a smile on your face when you floor it.
Tesla charging network is far more superior vs others.
Ok the other hand, a rather simple interior made with cheap materials, lack of customization (more colors to choose from, materials), no perforated and ventilated seats etc. List goes on.
Consumer Reports does not recommend this car. It is not a quality car. Nor or any of the EV startups. These companies can't possibly catch up to the quality and know-how of the big car manufacturers that have been doing it for decades and/or centuries.
The price decrease is SOLELY BECAUSE OF THE LAW. There will not be more drops in prices if you "hold the line.". This is a car, not a video card.
A huge advantage that Tesla has over any other EV maker is the Supercharger network. At this point, it's probably the only thing that will keep them competitive against large automakers in the next decade. I believe GM or Ford or Hyundai/Kia can make a better EV, but without the charging network to support it, you basically just have a local runabout car good for trips to work.
All of that being said, I have decided to stick with Hybrid. All of this EV hype being pushed by California(ns) is really premature. Charging networks really are lacking, EV vehicle quality is suspect, and EVs really do cost more than regular cars or hybrids, even with a $7500 rebate.
Maybe next time.
Also your idea that EV quality is suspect is without merit. Just compare number of parts needed in a car between EV and ICE/hybrid and you will be amazed. That's the reason why non-EV cars need so much maintenance. And if you care about safety, just compare the crash test result between Tesla and whatever car you are driving. Model Y scores the highest test score ever in Euro NCAP. That to me is the most important thing above all else. Just look at that sicko husband drove whole family in Model Y down 250 ft cliff and everyone survived. Model Y's structure and b pillar still in tact after such big fall tells me all I need to know about the safety of the car.
But enjoy your hybrid. Nothing wrong with that, it's just a car that needs more maintenance and takes gas, and less safe. Hopefully next time you will consider EV.
It is not the end of the world, it just takes some of the shine off a new car purchase that's all.
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It is not the end of the world, it just takes some of the shine off a new car purchase that's all.
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