[lefkonj]

Does this include the requirement for American/Free-trade parts sourcing?

 

[O. horridus]

Consumer Reports has a similar article, which IMO is a little more accurate and nuanced:

After Price Drop, More Teslas Qualify for the Full Electric Vehicle Tax Credit in 2023 - Consumer Reports

Consumer Reports details which new, used electric vehicles qualify for Inflation Reduction Act tax credit—including some Teslas, and EVs made in North America.

www.consumerreports.org

 

[eHauler]

While this sucks in the short term, it will help our economy a lot over the long haul.

 

[EaglesPDX]

My R1S Explore with 316 mile battery MSRP is $70k so that qualifies for the new rebate. I'd think all the original 75,000 pre-price increase Rivians could be configured to get under $80k. Rivian no longer posts prices so hard to know on the new models, a dual motor, 300 mile Rivian for under $80K sounds doable.

WTO has already called US on the subsidy for US made, illegal under WTO, so be interesting to see what happens with that ruling by WTO.

 

[John O]

While this sucks in the short term, it will help our economy a lot over the long haul.

I think most people are only concerned with their economy.

 

[John O]

WTO is like WHO, they can give guidance but no enforcement power. I’ll be more worried about politicians who think this is going to take jobs away from oil economy and ICE vehicles mfgrs. Some of them already think buying an EV is unAmerican and UnPatriotic.

 

[EaglesPDX]

WTO is like WHO, they can give guidance but no enforcement power.

Not exactly.

The World Trade Organization said Friday the European Union could slap more than $4 billion worth of sanctions on the United States for granting unfair export subsidies to American firms.

 

[SteinR1T]

Rivian no longer posts prices so hard to know on the new models

They do...you go to "learn more" and then visualizer and configure your options.

 

[EaglesPDX]

They do...you go to "learn more" and then visualizer and configure your options.

Never would have looked for pricing under "visualization". Could get a R1S with dual motor, 320 mile range for $78k so even with the new prices, you can get a Rivian that will qualify for $7.5k tax credit.

 

[John O]

Not exactly.

The World Trade Organization said Friday the European Union could slap more than $4 billion worth of sanctions on the United States for granting unfair export subsidies to American firms.

That would be a sanction by the EU not WTO and the EU wouldn't want a trade war with the US, their economy is already shaky and on the brink of a recession.

 

[EaglesPDX]

That would be a sanction by the EU not WTO and the EU wouldn't want a trade war with the US, their economy is already shaky and on the brink of a recession.

EU did put the tariffs on US for that fairly recent case. Same will be true if WTO rules against US on the EV subsidies. All EV the overseas EV makers will be allowed to apply offsetting tariffs on US goods or US can modify.

 

[KentMa]

Question, if you buy R1T with old pricing MSRP that was lower than 80K , will you qualify for a tax credit in 2023?