Author Topic: IRS EV tax credit rules delayed  (Read 1075 times)

Richard230

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IRS EV tax credit rules delayed
« on: December 21, 2022, 05:05:02 PM »
According to the attached article, the IRS is apparently having trouble making any sense out of the EV tax credit requirements passed by Congress earlier this year. They say that it will take them a while to formulate their regulations and devise a tax credit form. In the meantime you can get a credit that matches this years amount, $7,500. Of course this won't concern electric motorcycle buyers because they no longer get any sort of rebate for purchasing a motorcycle.  >:( You will need to buy something with four wheels and meet various other requirements as explained in the article which was published in the business section of my newspaper today.
current bikes: 2018 16.6 kWh Zero S, 2011 Royal Enfield Bullet 500 Classic, 2009 BMW F650GS, 2007 BMW R1200R, 2005 Triumph T-100 Bonneville, 2002 Yamaha FZ1 and a 1978 Honda Kick 'N Go Senior.

HadesOmega

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Re: IRS EV tax credit rules delayed
« Reply #1 on: December 25, 2022, 01:42:47 AM »
Yeah they totally messed up the tax credit.  I do know you need to purchase an American vehicle to get it.  I guess American EVs are going to go down in quality because they will have less competition now.   They tax credit is a joke anyway...
2016 Victory Empulse TT - #139