5 ms·

> and I am pretty certain this is right. Happy to follow a link to the actual law it's not: https://www.irs.gov/irb/2009-48_IRB https://www.irs.gov/irb/2009-48

• njarboe 8y ago
  Thanks for the link. My basic understanding is correct, I believe, but should have said "sold in the US" rather than built. Since it is a US tax credit, I just assumed it was for cars people in the US bought and didn't include the cars not sold in the US. I wonder what that fraction might be. From a page linked on the page you gave: "The new qualified plug-in electric drive motor vehicle credit phases out for a manufacturer’s vehicles over the one-year period beginning with the second calendar quarter after the calendar quarter in which at least 200,000 qualifying vehicles manufactured by that manufacturer have been sold for use in the United States (determined on a cumulative basis for sales after December 31, 2009) (“phase-out period”). Qualifying vehicles manufactured by that manufacturer are eligible for 50 percent of the credit if acquired in the first two quarters of the phase-out period and 25 percent of the credit if acquired in the third or fourth quarter of the phase-out period. Vehicles manufactured by that manufacturer are not eligible for a credit if acquired after the phase-out period." I believe this somewhat convoluted language says the same thing I did. The phase out lasts a year. 50% for the first 6 months and 25% for the next 6 months. This starts after the end of the first full quarter after the quarter where the domestic sales are greater than 200k (ie, between 3 and 6 months after 200k sold).