Wouldn't it be awesome to get the EV credit now?

[KevinRS]

As far as everything I've seen posted, everyone's been saying you currently have to take delivery before the deadline to get the credit.

 

[metroshot]

As far as everything I've seen posted, everyone's been saying you currently have to take delivery before the deadline to get the credit.

No, as long as there a binding agreement before 9/30 you are good to go.
This would apply to custom builds, special orders, or in this case of the Slate, a new model.
With a binding agreement (non refundable) taking delivery anytime after the 9/30 deadline and still claim the $7500.

 

[sodamo]

That would be interesting. Not that it would affect whether I purchase but might affect choice of accessories.

 

[metroshot]

It sure would be nice if Slate can offer pre-orders now before 9/30 and do a binding agreement with us so that we are sure to get one at a later date and claim the $7500 tax credit.

But that credit hinges on the battery sourcing and assembly......

Maybe Slate can team up with Ford Lightning EV trucks and use their batteries to qualify.

Same concept as the GM Ultium battery pack used in Honda and Acura crossovers....

 

[KevinRS]

Yes this change is new, based on what the IRS is saying on their website. The bill that changed things said you had to take delivery by September 30, now the IRS is saying having a binding contract and a down payment made by that date works.
The vehicle does have to be "placed in service" to actually take the credit, so I'm doubting that entering a contract and making a down payment now would get you anything if the vehicle isn't being delivered until next year

 

[sodamo]

Yes this change is new, based on what the IRS is saying on their website. The bill that changed things said you had to take delivery by September 30, now the IRS is saying having a binding contract and a down payment made by that date works.
The vehicle does have to be "placed in service" to actually take the credit, so I'm doubting that entering a contract and making a down payment now would get you anything if the vehicle isn't being delivered until next year

If I couldn’t use the credit until placed in service, I’d still do it.

 

[KevinRS]

But you likely have to use the credit this year I would think, Maybe you could manage to have a vehicle ordered in September and take delivery in January and convince the IRS to accept it, but I doubt they would go for over a year between.

 

[sodamo]

But you likely have to use the credit this year I would think, Maybe you could manage to have a vehicle ordered in September and take delivery in January and convince the IRS to accept it, but I doubt they would go for over a year between.

Some things can carry forward.