I signed it and was taken to a "Thank you" page and given the option to download a copy. People on another forum found that a pop-up blocker might stop you from getting past the signing page.Anyone else got that email?
When I entered my name and email, indicating agreement, I got no acknowledgment and instead just the same terms and conditions page.
How did it go for others?
My understanding regarding "income levels and vehicle price compared to what is in place at the current moment" is:I haven't dived into the new bill yet, but what are the specifics around the income levels and vehicle price as compared to what is in place at the current moment? #lazyweb Thanks for your help and distillation of the salient points.
Under the current system, there are no limitations to claim the credit based on vehicle value or household income. The new Act only allows the credit to people who have less than $300,000 in household income and for vehicles that have MSRP of less than $80,000 (for Vans, pickups, and SUVs) or $55,000 (for all other vehicles). The new Act also has limitations regarding place of assembly, battery composition, etc - it's a lot, and very few EVs will qualify for a credit under the new Act. That was the price Manchin required to get his vote....I haven't dived into the new bill yet, but what are the specifics around the income levels and vehicle price as compared to what is in place at the current moment? #lazyweb Thanks for your help and distillation of the salient points.
I don't see anything there that would suggest that the current rules are invalid:However, the current language states to claim the credit you need to do it in the year you start driving the vehicle. I am not due to receive my R1S until 2023. Even though I signed the contract, I am still concerned the new rules will apply. See link and relevant language:
Find out if you're eligible for a Plug-in Electric Drive Vehicle Credit under Internal Revenue Code section 30D(a) or 30D(g).www.irs.gov
You may be eligible for a credit under Section 30D(a), if you purchased a car or truck with at least four wheels and a gross vehicle weight of less than 14,000 pounds that draws energy from a battery with at least 4 kilowatt hours and that may be recharged from an external source. You must have purchased it in or after 2010 and begun driving it in the year in which you claim the credit. The credit ranges between $2,500 and $7,500, depending on the capacity of the battery. The credit begins to phase out for a manufacturer, when that manufacturer sells 200,000 qualified vehicles.
Maybe Rivian will prioritize orders based on binding contracts? One can only hope.