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Qualified VehiclesGeneral RequirementsTo qualify, a vehicle...

  1. Normandy7
    2,047 Posts.
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    17/03/24
    21:24
    Post #: 72930815

    Qualified Vehicles

    General Requirements

    To qualify, a vehicle must:

    Have a battery capacity of at least 7 kilowatt hoursHave a gross vehicle weight rating of less than 14,000 poundsBe made by a qualified manufacturer.
    Note that fuel cell vehicles do not need to be made by a qualified manufacturer to be eligible. See for more detailed guidance.

    Vehicles on this list will meet the above three requirements.

    The sale qualifies only if:

    You buy the vehicle new. New means it hasn't previously been purchased, registered, titled, or used for any purpose.The seller reports required information to you at the time of sale and to the IRS. Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.

    For vehicles placed in service on or after January 1, 2024, the dealer must be registered with IRS Energy Credits Online, and the vehicle must be approved through Energy Credits Online at the time of sale.

    Final Assembly Requirement

    The vehicle must undergo final assembly in North America.

    You can find your vehicle's weight, battery capacity, final assembly location (listed as “final assembly point”) and VIN on the vehicle's window sticker.

    To check online if a specific vehicle meets the requirements for final assembly location, go to the Department of Energy's page on and use the VIN Decoder tool under "Specific Assembly Location Based on VIN."

    Critical Minerals and Battery Component Requirements

    For vehicles placed in service (delivered to the consumer) on or after April 18, 2023, the credit amount will depend on the vehicle meeting the critical minerals sourcing and/or battery components sourcing requirements. A vehicle meeting both sourcing requirements may be eligible for the full $7,500 credit, and a vehicle meeting only one of these sourcing requirements may be eligible for a credit of $3,750. A vehicle meeting neither requirement will not be eligible for a credit.

    In some instances, you may need to check with your dealer regarding the eligibility of and credit amount for a specific vehicle.

    MSRP Requirement

    The vehicle's manufacturer suggested retail price (MSRP) can't exceed:

    $80,000 for vans, sport utility vehicles and pickup trucks$55,000 for other vehicles

    The MSRP is the base retail price suggested by the manufacturer, plus the retail price suggested by the manufacturer for each accessory or item of optional equipment physically attached to the vehicle at the time of delivery to the dealer. It does not include destination charges, the cost of optional items added by the dealer, or taxes and fees. In addition, manufacturer/dealer incentives and trade-ins do not affect MSRP.

    https://www.fueleconomy.gov/feg/tax2023.shtml

    there will be plenty of contracts on the way, if you don’t get the credits how can you compete on the US market.

    SYR Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
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