Ktnluksmom
Active Member
- First Name
- Stephanie
- Joined
- Oct 5, 2021
- Threads
- 0
- Messages
- 25
- Reaction score
- 70
- Location
- Wentzville, Missouri
- Vehicles
- 2020 Ford Escape hybrid, 2022 Mach-e prem ex rwd
Because now shipping is a nightmare.
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As far as tax credit goes, you will be fine. Phase-out of the full $7500 credits starts in the SECOND quarter AFTER the quarter in which an automaker hits the 200K celling, so if Ford hits the limit in Q1 the reduction in tax credits won't apply to vehicles sold until October.The maximum tax credit was previously projected to run out July for Ford. That credit runs out when a manufacturer hits 200k EVs (across all models). For Ford, they only needed to sell 39420 EVs in 2022 to hit 200k. So far they have sold 13169 in January, 8984 in February, 13772 in March, and 16779 in April. Do the math and it's likely too late already. After 200k sales, the credit drops to $3750.
If it was first come first serve, I wouldn't be complaining. But it is not. People who have ordered their cars many months after me have already gotten their cars many months ago. There is clearly some sort of prioritization going on, and I am at the very bottom of it. :-( :-( :-(
So by all accounts Ford did not hit 200K units during 1Q22. If they hit the number during 2Q22, then the full tax credit will be available through 3Q22. I believe it's likely that people with '21 orders will see their cars by then.The maximum tax credit was previously projected to run out July for Ford. That credit runs out when a manufacturer hits 200k EVs (across all models). For Ford, they only needed to sell 39420 EVs in 2022 to hit 200k. So far they have sold 13169 in January, 8984 in February, 13772 in March, and 16779 in April. Do the math and it's likely too late already. After 200k sales, the credit drops to $3750.
If it was first come first serve, I wouldn't be complaining. But it is not. People who have ordered their cars many months after me have already gotten their cars many months ago. There is clearly some sort of prioritization going on, and I am at the very bottom of it. :-( :-( :-(
Ok - I read up on the phase out rules - looks like you are right. The $7500 credit is good to the end of the quarter following the quarter in which the 200k happens. Meaning, assuming my EV sales numbers are correct, Ford sold 35925 cars in Q1 2022. That is just short of 200k total. So, Q2 (Apr-Jun) is when they hit 200k EV sales. As a result, the $7500 is good only until the end of the following quarter - meaning Q3 Jul-Sep. Then for Q4 2022 and Q1 2023 it's at 50% ($3750) and then Q2 2023 and Q3 2023 it's at 25% ($1875) then Q4 2023 it is zero (no more credit).As far as tax credit goes, you will be fine. Phase-out of the full $7500 credits starts in the SECOND quarter AFTER the quarter in which an automaker hits the 200K celling
One more thing - your Jan-Apr sales numbers look really high to my untrained eye. Ford isn't even delivering 5,000 Mach E units a month so it's hard to believe they're delivering over 15,000 total electrified units monthly. Are you looking at worldwide deliveries? Can you provide a source?Ok - I read up on the phase out rules - looks like you are right. The $7500 credit is good to the end of the quarter following the quarter in which the 200k happens. Meaning, assuming my EV sales numbers are correct, Ford sold 35925 cars in Q1 2022. That is just short of 200k total. So, Q2 (Apr-Jun) is when they hit 200k EV sales. As a result, the $7500 is good only until the end of the following quarter - meaning Q3 Jul-Sep. Then for Q4 2022 and Q1 2023 it's at 50% ($3750) and then Q2 2023 and Q3 2023 it's at 25% ($1875) then Q4 2023 it is zero (no more credit).
I feel a little bit better - however be assured you' all will hear me complain again if it is September and I still have no car.
Where are you getting your EV sales from? If from the Ford sales press releases, those are NOT the same as EVs eligible for the tax credit. Ford puts all hybrids (including the non-plugins that are NOT eligible for the tax credit) in this category. They are projected to hit 200k in Q3. You'll be fine if you get it by December 31st.The maximum tax credit was previously projected to run out July for Ford. That credit runs out when a manufacturer hits 200k EVs (across all models). For Ford, they only needed to sell 39420 EVs in 2022 to hit 200k. So far they have sold 13169 in January, 8984 in February, 13772 in March, and 16779 in April. Do the math and it's likely too late already. After 200k sales, the credit drops to $3750.
If it was first come first serve, I wouldn't be complaining. But it is not. People who have ordered their cars many months after me have already gotten their cars many months ago. There is clearly some sort of prioritization going on, and I am at the very bottom of it. :-( :-( :-(
Nope this isn't right-- in your example above, the reduction would start in July. It's only the quarter in which the threshold is reached and the quarter after.As far as tax credit goes, you will be fine. Phase-out of the full $7500 credits starts in the SECOND quarter AFTER the quarter in which an automaker hits the 200K celling, so if Ford hits the limit in Q1 the reduction in tax credits won't apply to vehicles sold until October.
Yep that is where I was getting my EV numbers from. I didn't realize that Ford also puts ineligible vehicles in the the electric column. That helps, thanks.Where are you getting your EV sales from? If from the Ford sales press releases
And it is only cars sold in the US so I believe your sales numbers may be high.Ok - I read up on the phase out rules - looks like you are right. The $7500 credit is good to the end of the quarter following the quarter in which the 200k happens. Meaning, assuming my EV sales numbers are correct, Ford sold 35925 cars in Q1 2022. That is just short of 200k total. So, Q2 (Apr-Jun) is when they hit 200k EV sales. As a result, the $7500 is good only until the end of the following quarter - meaning Q3 Jul-Sep. Then for Q4 2022 and Q1 2023 it's at 50% ($3750) and then Q2 2023 and Q3 2023 it's at 25% ($1875) then Q4 2023 it is zero (no more credit).
I feel a little bit better - however be assured you' all will hear me complain again if it is September and I still have no car.
The sales numbers he cited are US sales, but just include non plugin hybrids ineligible for the credit.And it is only cars sold in the US so I believe your sales numbers may be high.
Correct - they are USA sales numbers. This is where I am getting those numbers from -The sales numbers he cited are US sales
You are absolutely eligible for up to the full $7500 tax credit. No worries.So I recently took delivery of my Mach-E GT (Non PE) on April 19, 2022. If Ford didn't already hit their 200K number does that mean that when I file my taxes next year (2023) I can potentially take advantage of the full $7,500.
That is, if it's based on the purchase date correlation to your vehicle being within the first 200K cars?! I'm trying gauge if it's possible for me not to qualify for the tax credits even though I already took delivery. Happy to hear any thoughts.