Peace_Berry_House

Peace_Berry_House OP t1_j2bj5v0 wrote

For everyone else’s sake I hope you’re wrong. For my own sake I hope you’re right lol. I found news articles hinting that prices are going to be raised because the manufacturers don’t want to incur the additional costs of manufacturing in the US or providing proof that certifies where the parts were sourced.

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Peace_Berry_House OP t1_j2big90 wrote

I think that’s what my dad was getting at but before this tax guidance was released today it seemed that cars purchased after the IRA legislation was passed eg after October 2022 were going to be eligible. Now it appears it has been finalized that no purchase qualifies before January 1, 2023. In terms of logistics and communication, not a point about politics, I feel like this was really poorly handled by IRS and DOE based on the consumer guidance I was reading at the beginning of Q4 2022.

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Peace_Berry_House OP t1_j2bhxy2 wrote

Well assuming Chevy does raise the price as expected I guess it’s not too bad saving $6500 at the point of sale as opposed to reducing my tax liability by either $3750 or $7500. It is also unclear what happens if there is a manufacturer phase out during the tax year you buy the vehicle - is it the date you purchase the vehicle or date you file your taxes? Point being if this is super popular you could lose out on the rebate anyway. I am just going to be grateful that I calculated I will be saving about $5,000 in fuel and maintenance costs annually after subtracting out the estimated cost of electricity commuting to work and expected EV maintenance and not too upset at myself for something I can’t change. I’m not financially vulnerable but this still is annoying to potentially have left money on the table.

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