Will the MY23 standard range trucks qualify for tax credit after 1/1/23?

[JPro]

I have to imagine there are a lot of other MY23 wave 1,2&3 order holders wondering will they or won't they qualify for a full or half credit if kept below $80k? I can't imagine they are changing much about the batteries in the next few months. Where are they currently built? I know there's an SK/Ford collaboration battery plant being built in Tennessee but that is several years off. Of course I'm really hoping to take delivery before the end of the year but not being scheduled as of yet that hope is slipping away quickly. It would sure be nice to have the credit cover my sales tax and home charger install.

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[sotek2345]

Best answer we have is "we don't know". We don't have the assembly / materials information from Ford and we don't have the IRS interpretation of the rules yet.

Best of luck.

 

[Maxx]

I have to imagine there are a lot of other MY23 wave 1,2&3 order holders wondering will they or won't they qualify for a full or half credit if kept below $80k? I can't imagine they are changing much about the batteries in the next few months. Where are they currently built? I know there's an SK/Ford collaboration battery plant being built in Tennessee but that is several years off. Of course I'm really hoping to take delivery before the end of the year but not being scheduled as of yet that hope is slipping away quickly. It would sure be nice to have the credit cover my sales tax and home charger install.

I am in the same boat. I would say, if the information does not impact your decision to do something differently, think about something else that is a bit more fun instead. I would still take delivery even if Tax incentive goes down to zero (as long as dealer does not screw me out of 22 pricing).

 

[Maquis]

I just went with the Lariat ER figuring the credit is a roll of the dice anyway. I’d have been really disappointed to order a lesser truck than I really wanted just for the credit only to not get it anyway.

 

[JPro]

I am in the same boat. I would say, if the information does not impact your decision to do something differently, think about something else that is a bit more fun instead. I would still take delivery even if Tax incentive goes down to zero (as long as dealer does not screw me out of 22 pricing).

I wish I could have got the MY 22 price protection but I’m one wave too late for that (wave 3) so really hoping for some tax credit or it’s a double whammy price increase..

 

[Maxx]

I wish I could have got the MY 22 price protection but I’m one wave too late for that (wave 3) so really hoping for some tax credit or it’s a double whammy price increase..

It is just too much of a coincidence that new tax law kicks in just when Ford start to run out of it's 200K. They wouldn't pass a law that is not good for Ford. You will get something.

 

[Dirtriderx99]

I got this from the Ford earnings report transcript yesterday.
" Ford EVs and our PHEVs remain eligible for the $7,500 tax credit until guidance is issued at the end of this year. Next year, we believe we'll meet the $3,750 critical materials credit requirement on certain Mustang Mach-E and F-150 Lightning models. In '24, the rules will further restrict this critical materials credit. "

 

[JPro]

I got this from the Ford earnings report transcript yesterday.
" Ford EVs and our PHEVs remain eligible for the $7,500 tax credit until guidance is issued at the end of this year. Next year, we believe we'll meet the $3,750 critical materials credit requirement on certain Mustang Mach-E and F-150 Lightning models. In '24, the rules will further restrict this critical materials credit. "

Did it say anything about the Battery components portion? Or is not mentioning it basically saying it won't??

 

[Dirtriderx99]

Did it say anything about the Battery components portion? Or is not mentioning it basically saying it won't??

I didn't see mention of the battery components $3750 portion. People on here all thought that one was in the bag for Ford.

 

[theblunden]

I didn't see mention of the battery components $3750 portion. People on here all thought that one was in the bag for Ford.

Batteries have been the linchpin of the new tax credit for 23' and beyond. Material sourcing and construction of the batteries. Half is better than nothing I guess

 

[JPro]

I didn't see mention of the battery components $3750 portion. People on here all thought that one was in the bag for Ford.

 

[Oneand0]

I feel very lucky to have gotten a second reservation and it was for my father, who extended for a Pro and ordered, build day Nov 1st. If we get it by 12/31, I make enough and will give him $7500 tax credit. It will be in both of our names. If it’s after, he doesn’t pay enough in Federal taxes for a big refund, and I make too much. I feel lucky just to get it at 2022 price, if that’s what the personal offer will be?

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