New USA EV Tax Credits starting 1/1/2023

scottyshaps · 12-14-2022, 02:39 PM

Does anyone have any info on if any of the BMW PHEV or full electric vehicles will be eligible in 2023? The new rules state 50% of the battery materials must come from the US or their trade partners (i.e. not from China) but BMW has not provided any info on this at all...

I have a new 2023 330e on order and from talking to BMW customer service it sounds like its hopeless at this point that it will be delivered before the end of the year, so I'm trying to figure out if I'm screwed regarding the credit or not (I'm eligible on all the other factors, its battery material that is still a question...)

happyjack · 12-14-2022, 02:42 PM

let me google that for you

https://electrek.co/2022/12/13/which...al-tax-credit/

EngineGoBrrr · 12-19-2022, 03:00 PM

It is extremely unlikely that any BMWs will qualify for any portion of the tax credit in 2023.

ASAP · 12-19-2022, 03:34 PM

Quote:

Originally Posted by EngineGoBrrr

It is extremely unlikely that any BMWs will qualify for any portion of the tax credit in 2023.

common sense says no car over $50k should qualify for ANY credit which would knock BMW out of any credits as it should be

Quadruple VANOS · 12-31-2022, 08:01 PM

Learning that the new IRS “clean vehicle” rules state that in order to qualify as an SUV the vehicle MUST have a 3rd row. This is really going to hurt the Mustang Mach e and Cadillac Lyriq.
https://www.irs.gov/credits-deductio...F7jtA8Nq5gkaxM

M-technik-3 · 01-01-2023, 06:58 AM

Don't forget you can lease one for 7500 a year tax credit now too.

ASAP · 01-01-2023, 11:55 AM

Quote:

Originally Posted by M-technik-3

Don't forget you can lease one for 7500 a year tax credit now too.

This has now basically become a shit show of confusion mixed with complete government ineptitude.

M-technik-3 · 01-01-2023, 03:11 PM

Exactly I expect a few more loopholes to open up in free subsidizing of electrifying of the US.

12-14-2022, 02:39 PM	#1
scottyshaps Registered 6 Rep 4 Posts Drives: Infiniti G35S Join Date: Aug 2022 Location: California iTrader: (0)	New USA EV Tax Credits starting 1/1/2023 Does anyone have any info on if any of the BMW PHEV or full electric vehicles will be eligible in 2023? The new rules state 50% of the battery materials must come from the US or their trade partners (i.e. not from China) but BMW has not provided any info on this at all... I have a new 2023 330e on order and from talking to BMW customer service it sounds like its hopeless at this point that it will be delivered before the end of the year, so I'm trying to figure out if I'm screwed regarding the credit or not (I'm eligible on all the other factors, its battery material that is still a question...)
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12-14-2022, 02:42 PM	#2
happyjack Captain 1759 Rep 923 Posts Drives: '21 F87 M2C 6MT Join Date: Nov 2017 Location: old line state iTrader: (0) Garage List 2015 MINI Hatch 5-door [10.00] 2021 BMW M2 Competi ... [9.75] 2023 BMW X5 xDrive40i [10.00] 2017 BMW X3 xDrive28i [10.00]	let me google that for you https://electrek.co/2022/12/13/which...al-tax-credit/ __________________ my garage: '23 G05 xDrive40i m-sport; '21 F87 M2C, 6MT; '17 F25 x-drive28i SAV; '15 F55 mini hatch 5-door retired: '87 E30 MT 'vert; '92 E36 sedan; '99 E36 MT 'vert; '06 E90 x-drive sedan; '07 E83 x-drive30 SAV; '09 E91 x-drive wagon; '12 E89 Z4 MT M-sport; '15 F22 sport line
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12-19-2022, 03:00 PM	#3
EngineGoBrrr Private 58 Rep 89 Posts Drives: 2022 X5 45e, 2023 X1 Join Date: Jul 2022 Location: SF Bay Area iTrader: (0)	It is extremely unlikely that any BMWs will qualify for any portion of the tax credit in 2023.
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12-31-2022, 08:01 PM	#5
Quadruple VANOS Captain 1407 Rep 922 Posts Drives: ICE Join Date: Aug 2021 Location: America iTrader: (0)	Learning that the new IRS “clean vehicle” rules state that in order to qualify as an SUV the vehicle MUST have a 3rd row. This is really going to hurt the Mustang Mach e and Cadillac Lyriq. https://www.irs.gov/credits-deductio...F7jtA8Nq5gkaxM
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01-01-2023, 06:58 AM	#6
M-technik-3 Lieutenant Colonel 2517 Rep 1,683 Posts Drives: E30 M3, E36 M3, 328iT, 335i Join Date: Mar 2020 Location: western Ma iTrader: (0) Garage List 1995 M3 [9.00] 2007 E91 [7.25] 1988 M3 [9.50]	Don't forget you can lease one for 7500 a year tax credit now too.
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01-01-2023, 03:11 PM	#8
M-technik-3 Lieutenant Colonel 2517 Rep 1,683 Posts Drives: E30 M3, E36 M3, 328iT, 335i Join Date: Mar 2020 Location: western Ma iTrader: (0) Garage List 1995 M3 [9.00] 2007 E91 [7.25] 1988 M3 [9.50]	Exactly I expect a few more loopholes to open up in free subsidizing of electrifying of the US.
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