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The phaseout based on units sold was in place as far back as 2018 since Tesla reached it in July 2018 and GM in November 2018. The Inflation Reduction Act of 20
by craftsman 2y ago
The phaseout based on units sold was in place as far back as 2018 since Tesla reached it in July 2018 and GM in November 2018. The Inflation Reduction Act of 2022 (effective August 2022, not 2023) reinstated Tesla's eligibility and disqualified a number of other EVs.
- evanelias 2y agoAlthough the Inflation Reduction Act became effective in August 2022, no EV tax credit was available for new Tesla or GM EVs purchased in 2022, regardless of month. The units-sold threshold phaseout was only lifted for purchases made after 2022. Source: personal experience, as well as https://www.irs.gov/credits-deductions/manufacturers-and-models-for-new-qualified-clean-vehicles-purchased-in-2022-and-before https://www.irs.gov/credits-deductions/manufacturers-and-mod...
- craftsman 2y agoYou're right, thank you for the fix. My apologies.