It will be very public information when the tax credit starts phasing out for Ford, so it won't be difficult to find when the time comes. The current estimate is that Ford may hit the 200k mark in Q3. If that happens, the full credit will remain in place through all of Q4. If they don't hit 200k until Q4, the full credit will remain through Q1 of 2023 as well.
Because that's how the phase out works. The full $7500 remains for the quarter that the limit is reached AND the following quarter. Then the credit is reduced to $3750 for two more quarters. Then the credit is reduce to $1875 for two more quarters after that.
Yep. Which when you think about it, makes sense because they won't even know if a manufacturer hits 200k within the quarter it's hit. They won't know that until after, when the numbers are collected and reported. It would be unfair for buyers early in the next quarter to buy without knowing whether the credit will drop or disappear for that purchase. So they extend it for an extra quarter after it hits the 200k. (The "reporting" quarter, so to speak.)
We're still in 1Q2022 so no numbers would come out until after the quarter. In fact 4Q2021 is still missing, so they're not exactly fast. Government.
This is a popular estimate that's been floating around:
Sure it is. Ford can’t make the cars/trucks fast enough to reach 200K before June 30th. So even if they reach 200K on July 1st, the full tax credit will remain in effect until December 31st.
And Ford has since announced more chip supply issues that have shut down plants temporarily, pushing everything back. Seems pretty likely that 194k estimate for 2Q2022 won't jump up to 200k. 3Q seems more likely, which means the full $7500 would be eligible through Dec 31.This is a popular estimate that's been floating around:
Source: https://evadoption.com/ev-sales/federal-ev-tax-credit-phase-out-tracker-by-automaker/
