Ford to reach 200K EV Quota in Weeks -- No Tax Credit Implications

[Peter P]

Helpful post copied from sister-site Macheforum.com

Reminder -- IF Ford reaches 200K EV/PHEV sales before 2023, there will be a gap for Q3/Q4, 2022 purchase not having any tax credit ($0 instead of $7500) until Jan. 1, 2023.​

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The article says .....​

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== Quote ==9/2/2022 ========​

So far this year, Ford sold over 36,000 all-electric vehicles (up 94% year-over-year).​

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BEV sales in YTD:​

• Ford Mustang Mach-E: 25,765 (up 49%)
  • Ford F-150 Lightning: 6,842 (new)
  • Ford E-Transit: 3,938 (new)
  • Total: 36,545 (up 112%)

Ford is expected to hit 200,000 cumulative plug-in electric vehicle sales this quarter, potentially within weeks.​

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==End of Quote =====================​

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[tankengr]

My understanding is that the quarter in which they reach 200K and the following quarter will still get the full tax credit. Then the phase out begins. But, the new tax credit law will take effect rather than the phase-out.

 

[BennyTheBeaver]

Yep, the quota is now irrelevant as we are a quarter away from 2023.

 

[Roy2001]

Q3 reaches, and Q4 still gets $7500. 2023 gets new incentive.

 

[lightspeed]

YES, ZERO chance of it phasing out before 2023 at this point.

 

[FordEVTruck]

Somehow $65,000 for a Lariat ER is easier to mentally handle for me than the full $80,000 (I live in MA that has an additional $7500 rebate, so a total of $15,000 for me)

 

[Aardvark1]

Somehow $65,000 for a Lariat ER is easier to mentally handle for me than the full $80,000 (I live in MA that has an additional $7500 rebate, so a total of $15,000 for me)

I live in Ma as well. Where is this additional rebate ?

 

[FordEVTruck]

I will find the link and post it here. There is a thread on here about it.

 

[cvalue13]

Ok, at first I thought the implication was that the article said this incorrect thing which was surprising - now that I’ve thumbed through the article I understand it was a forum commentary saying the incorrect thing which is not surprising

 

[cvalue13]

Helpful post copied from sister-site Macheforum.com

perhaps edit the thread post to: ‘Ford to reach 200K EV Quota in Weeks -- NO Tax Credit implications’

 

[EvEddy]

well that was a nice scare.. thanks op

 

[TaxmanHog]

I live in Ma as well. Where is this additional rebate ?

Welcome fellow MassHole

Join us in this thread https://www.f150lightningforum.com/forum/threads/-9-26-lightning-build-week-group.10416/

Read up here MOR-EV Trucks | MOR-EV

I hope you ordered an ER truck with out All Season tires, these are crucial conditions to qualify for the credit

PS The retail version of the 2023 Lightning Pro [SR] will not qualify

 

[Nick Gerteis]

Aren’t we still waiting on “guidance from treasury” and/or additional info from Ford re battery mineral sourcing requirements and battery assembly location though?
Those could make or break the federal tax credit after 1/1/2023.

 

[cvalue13]

Aren’t we still waiting on “guidance from treasury” and/or additional info from Ford re battery mineral sourcing requirements and battery assembly location though?
Those could make or break the federal tax credit after 1/1/2023.

yes but separate issue - present thread was instead about whether the old tax regime with unit cap might expire for Ford before 1/1/2023

which prior law’s cap will not expire for present tax credits (for Ford Lightning) before 1/1/2023

 

[Aardvark1]

Welcome fellow MassHole

Join us in this thread https://www.f150lightningforum.com/forum/threads/-9-26-lightning-build-week-group.10416/

Read up here MOR-EV Trucks | MOR-EV

I hope you ordered an ER truck with out All Season tires, these are crucial conditions to qualify for the credit

PS The retail version of the 2023 Lightning Pro [SR] will not qualify

Thank you love your welcome response, and proud to be a fellow Masshole. I will check out the thread. I’m guessing I won’t qualify due to GVRW 8250. But will try to apply anyways. In the Mor-ev list of qualifications, it does say rebate determined by case by case basis. So imo, worth a try since my ev Lightning is commercial registered business. I’ll plead my case.

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