2023 Mach-E priced over $55K & delivered in 2023 will not qualify for tax credit! Latest IRS ruling says Mach-E is a CAR - not SUV !

[4sallypat]

Is this for real ?

Expected $80K max MSRP.

Now it says $55K max MSRP.

Is this final for the 2023 tax year on our incoming MME ?

How did the "SMALL SUV" change to "CAR" ?

https://www.irs.gov/credits-deducti...ied-clean-vehicles-purchased-in-2023-or-after

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[newmme]

MME has been categorized as a car since it's debut. Seems strange.

 

[RickMachE]

It does appear to be that, yes. Bummer for all the 2023 deliveries...

 

[4sallypat]

Wasn't the 2022 MY MME classified as "Small SUV" ??

 

[flapjake314]

i always thought this was a risk but also thought there would be a good chance we'd be classified as an SUV... this is a huge last minute blow to everyone, especially if you ordered in 2022 and are delayed......

 

[Rabidsquirrel22]

Makes absolutely no sense that the Escape is classified as an SUV and the Mach-E isn't. They're basically the same size.

 

[4sallypat]

Makes absolutely no sense that the Escape is classified as an SUV and the Mach-E isn't. They're basically the same size.

Agreed!

Escape PHEV weighs less, has less cubic feet of storage, etc...

MME should be classified as "mini or small SUV / CUV"....

 

[A-A-Ron]

Is this for real ?

Expected $80K max MSRP.

Now it says $55K max MSRP.

Is this final for the 2023 tax year on our incoming MME ?

How did the "SMALL SUV" change to "CAR" ?

https://www.irs.gov/credits-deducti...ied-clean-vehicles-purchased-in-2023-or-after

What's really sad is that it's almost exactly the same size as the Escape

 

[newmme]

It is my understanding that the Mach e is considered a crossover, like a car, thus no worry about it being considered as an SUV.

You have it backwards.

If it was a car, and not an SUV, it would be an issue. It is an SUV, so no issue.

the MME is classified as an SUV, so the MSRP limit is $80k.

Looks like some folks are saying it is an SUV. There is hope!

 

[Kamuelaflyer]

Looks like some folks are saying it is an SUV. There is hope!

Unfortunately, it’s what the IRS thinks that matters.

 

[RickMachE]

Unfortunately, it’s what the IRS thinks that matters.

I wonder how many people are going to take delivery and not realize this until next tax season?

And, how many are going to not go through with the purchase, leaving the dealers with cars people don't want?

Of course some of the buyers, as evidenced by their social media posts, are not going to make the income cutoff anyway...

 

[Scooby24]

Welp, was a good ride. MME is going to be a dead car after 2023, IMO.

 

[flapjake314]

Unfortunately, it’s what the IRS thinks that matters.

and unfortunately this is even worse than leaving it up to taxpayers to determine (in which case you may be able to use various sources as backup when audited).

here they have specifically made a determination to the contrary

the only hope is a revision down the road. they are missing many manufacturers on here for example, so it seems like everything is in the works

 

[generaltso]

MME has been categorized as a car since it's debut. Seems strange.

Not exactly. The IRS didn't classify cars before. The EPA classified the 2021 MME as a small station wagon, but changed the classification to a small SUV for 2022.

Wasn't the 2022 MY MME classified as "Small SUV" ??

By the EPA, yes. The belief was that the IRS would use the EPA classifications, but they don't have to. We can hope that the list on the IRS website isn't final, but it certainly looks that way.

 

[4sallypat]

I wonder how many people are going to take delivery and not realize this until next tax season?

And, how many are going to not go through with the purchase, leaving the dealers with cars people don't want?

Of course some of the buyers, as evidenced by their social media posts, are not going to make the income cutoff anyway...

I make the income cutoff and was looking forward to picking up my '23 MME Premium next month with the battery requirement waived.

Now, I won't make the purchase, even with a $6500 PCO ('22->'23).

How ironic: my '23 MME is $1275 over the max MSRP:

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