Credits for new clean vehicles purchased in 2023 or after | Internal Revenue Service
You may qualify for a clean vehicle tax credit up to $7,500 if you buy a new, qualified plug-in electric vehicle or fuel cell electric vehicle.
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IRS weighs in on tax rebate, mostly bad news for Model Y
- Thread starter Hookemhorns
- Start date
AlexHung
Member
AlexHung
Member
So I don't get the post's title "mostly bad news for Model Y" part.
Credits for new clean vehicles purchased in 2023 or after | Internal Revenue Service
You may qualify for a clean vehicle tax credit up to $7,500 if you buy a new, qualified plug-in electric vehicle or fuel cell electric vehicle.
Model Y (7) qualifies for $80K max, but Model Y (5) does not with a $55K limit. Mach-e has $55K max also. Nothing in this IRS post for GM.
So, does this mean all Model Y LR will be (7) in the future?
No, it means if you buy a 5 seater at the current price it won’t qualify…Credits for new clean vehicles purchased in 2023 or after | Internal Revenue Service
You may qualify for a clean vehicle tax credit up to $7,500 if you buy a new, qualified plug-in electric vehicle or fuel cell electric vehicle.www.irs.gov
Model Y (7) qualifies for $80K max, but Model Y (5) does not with a $55K limit. Mach-e has $55K max also. Nothing in this IRS post for GM.
So, does this mean all Model Y LR will be (7) in the future?
Well, if it doesn't qualify then it might be a better deal to get the 7-seater. Especially if you want the Performance version.
I think most model Y orders are the 5 seater, which Is not eligible for the rebate. Thus "mostly"
Looks like more orders for the 7 seater! When just using the front and middle rows, looks like the same legroom for the passengers, range is 326 instead of 330 miles, and net cost is +$3000 for the extra seats - $7500 rebate, thus net cost is $4500 less (slightly diminished by the increased sales tax and for the first year not having the rebate until next tax filing).
Buy a model Y, add the rear row seats, leave them folded down forever, and pay $4500 less! Is this a no brainer?
Buy a model Y, add the rear row seats, leave them folded down forever, and pay $4500 less! Is this a no brainer?
Seems so. Will be interesting to see how this impacts delivery time as 7 seaters previously seemed to take much longer.
Lol. So ridiculous and a waste to force people to add the 3rd row. In what world does a car go from a sedan to SUV by just adding a tiny 3rd row.
Yes, it's coming down to what makes an SUV, be an SUV. Just make the third row smaller and leave it folded up.
Does this mean that the IRS interpretation of the New Clean Vehicle tax credit will result in Tesla selling a 7 seat Performance Model Y? This is interesting.
Snow Drift
[Off-Road Assist] Activated
Mexico is in North America. The rule is assembled in North America (not the US).
Snow Drift
[Off-Road Assist] Activated
The IRS must be mistaken. The MY is an SUV, all versions. Seats don't change it's classification.
MME is $55k also. Maybe they think it is a coupe lol?
The VW ID.4 AWD is considered an SUV, but not the RWD.
MME is $55k also. Maybe they think it is a coupe lol?
The VW ID.4 AWD is considered an SUV, but not the RWD.
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