-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)
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ACTUAL correct answer:
The $7500 credit is good for years to come. There are specific requirements to qualify for the first $3750, and OTHER requirements to qualify for the second half $3750....adding to $7500.
Treasury failed to issue guidance for that second half before the start of the year as they were supposed to... so until they do everyone who qualifies for the first half gets the second half too.
SOMETIME in March (no actual date announced) Treasury says it will issue guidance on the battery and mineral requirements for the IRA tax credit (that second half)
At THAT time (whenever in March they issue it- or later if they miss that date, as they've already missed previous dates) the guidance will kick in.
At that time SOME Teslas MAY lose half ($3750) of the credit. As will most OTHER EVs who also don't meet the new guidance.
Tesla, getting more of their cells domestically than any other maker, is likely to have the most # of cars still qualifying for the full $7500.
Until the guidance is issued NOBODY knows which ones- but the SR model 3 is most likely to lose it, and the SR model Y most likely to keep it (the LR and P models have a pretty good shot to qualify too but again nobody can be sure). Likewise nobody knows WHEN this happens other than Treasury saying "sometime in March"
The 200k thing was the OLD credit BTW, and does not apply to any brand of cars in 2023 (that credit hasn't existed for Tesla for years anyway since they passed 200k long before anyone else)
Or is it folks know enough about Tesla's production to feel like they will meet at least one of the requirements?
Regarding timing, they say that once the proposed guidance is issued in March "vehicle manufacturers will be required to certify whether their vehicles meet the critical mineral and battery component requirements." Perhaps there will be a time period manufacturers are given for this certification before consumers could know what the credit for each vehicle is. Hopefully the IRS would give a deadline for the certifications and a date when the actual credit amounts would go into affect. Otherwise no one would know what qualifies at delivery/purchase.
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-Ordered MYLR midnight silver w/ no other upgrades on 1/15 (initial delivery Jan.-Mar.)
-1/18, delivery updated to 1/26-2/23
-1/24, delivery updated to 1/30-2/13
-1/31, delivery updated to 2/6-2/20
-2/7, delivery updated to 2/7-2/19
-2/11, VIN assigned and delivery scheduled for 2/22
-2/12, delivery re-scheduled for 2/19 via text message w/ SA
-2/13, car on-site, additional delivery schedules available, I plan to pick up tomorrow, 2/14.
Valentine's Day present to wife...and myself.
-Ordered MYLR midnight silver w/ no other upgrades on 1/15 (initial delivery Jan.-Mar.)
-1/18, delivery updated to 1/26-2/23
-1/24, delivery updated to 1/30-2/13
-1/31, delivery updated to 2/6-2/20
-2/7, delivery updated to 2/7-2/19
-2/11, VIN assigned and delivery scheduled for 2/22
-2/12, delivery re-scheduled for 2/19 via text message w/ SA
-2/13, car on-site, additional delivery schedules available, I plan to pick up tomorrow, 2/14.
Valentine's Day present to wife...and myself.
MYLR base white/black
Decatur, GA
From the doc-
"the battery component requirement will be met if the percentage of the value of
the components in the vehicle's battery that were manufactured or assembled in North America is equal to or greater than 50 percent, for a vehicle placed in service in 2023 after the date on which Treasury and the IRS issue proposed guidance"
Tesla FOR SURE assembles all its battery packs for US cars, other than the SR Model 3, in the US already so that's a given as qualifying....and does so with cells from either the US (2170 and 4680 cells) or Japan (18650- but those go in S/X that are too expensive for rebate anyway)
I -believe- the LFP packs in the SR Model 3 use Chinese LFP cells, but the ASSEMBLY still happens in the US so should still qualify. Open to correction if anyone has a firm source saying otherwise for assembly.
Looks from the wording I quote about that the cutoff is pretty clear-
"vehicle placed in service in 2023 after the date on which Treasury and the IRS issue proposed guidance"
But yes, depending how complex the guidance is it's possible a buyer won't be able to be sure if he qualifies for the other $3750 for at least a couple of days after the guidance is issued...but doesn't sound like IRS would grant any 'grace' period to such buyers-- the guidance date is the cutoff for the guidance to matter.... buyer should know long before it matters for doing their taxes of course...
MY has a cap of 80, not 55k. Only Model 3 has the 55k cap being a sedan instead of an SUV.
Plus if you get the 7500 rebate, you can flip your car and still pocket the difference and upgrade later to HW4. Its not like the minute it comes out it will be perfect. They will fine tune/test it on the streets and send OTA updates (much like modern cell phones) to get it right.
I love the idea of having HW4 but put in my MYP now for the reasons above. Who knows maybe the next one will be a model S or X or roadster (upgrade vehicle in the process lol) with HW4 instead.
Flipping for a profit is not in my plans, since the the tax credit will probably be baked into FMV over time and not really realistic to expect inflated used prices to continue. It does baffle me when I see people mention "upgrading" to a new model year within 1-3 years unless they were able to take advantage of inflated used market pricing or jumping into another lease. I get that Tesla is always making incremental updates, but I don't get why one would spend more money to jump into substantially the same car.
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