Tax Credit numbers?

[Shelbeast]

Ok, no sticky or anything in recent search shows where we are tax credit #'s at this time. Seems important to most.
Where are we for the quarter and $7500?

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[Maquis]

The consensus is that Ford will hit 200K in Q3. That means full $7500 for the rest of this year, with tapering to begin in Q1 2023.

Some have speculated that if Ford is close to the limit late in Q3, they might hold cars back to delay hitting the limit until Q4, but I highly doubt that happens.

 

[RickMachE]

Many threads on this.

 

[Shelbeast]

Many threads on this.

I looked at stickies. Searched "tax credit" and went thru 4-5 pages. nothing. This should be on the splash page.

 

[Bigfeets]

The consensus is that Ford will hit 200K in Q3. That means full $7500 for the rest of this year, with tapering to begin in Q1 2023.

Some have speculated that if Ford is close to the limit late in Q3, they might hold cars back to delay hitting the limit until Q4, but I highly doubt that happens.

Yep. At this tick of the clock, assuming Ford hits the 200,000 sales in US cap in 2022Q3, it looks like all the 2022MY MME built units could be shipped and "sold" before 31 Dec 2022 thus qualifying for the full $7500 tax credit. All 2023MY and any converted 2022MY orders will probably encounter the $3750 tax credit next year, as you say. It still seems possible that Ford may not reach their cap until 2022Q4, which pushes these thresholds out 3months. But this could mean slowing down production and/or delaying deliveries of 2022MY MME and other Ford EV units. That's one ugly thought for someone who's waited 7 months to get scheduled, waited for a build date at 9 months, and delivery ~11 months after ordering.

 

[DadzBoyz]

Sooo much of this is supposition because there is a big, nasty, ridiculous, lack of data….

That said, it may be hard to quantify (like about everything else) but the Q3 projection for hitting the 200,000 number was:

1. Before known actual delivery start date and production rates of the Lighting.
2. Before Ford had to put a Mach -E stop sale order on for the HVBJB, which, I believe was about 3-4 weeks (don’t remember the exact)

I don’t know what the original projected start sale date or production run rate was for the Lightning when the Q3 date was published.

I DO know that the original Q3 date assumed uninterrupted sale of the Mach E, which did not happen.

So, it’s not beyond reason to consider that the Q3 projection may slip to Q4.

 

[RickMachE]

Sooo much of this is supposition because there is a big, nasty, ridiculous, lack of data….

That said, it may be hard to quantify (like about everything else) but the Q3 projection for hitting the 200,000 number was:

1. Before known actual delivery start date and production rates of the Lighting.
2. Before Ford had to put a Mach -E stop sale order on for the HVBJB, which, I believe was about 3-4 weeks (don’t remember the exact)

I don’t know what the original projected start sale date or production run rate was for the Lightning when the Q3 date was published.

I DO know that the original Q3 date assumed uninterrupted sale of the Mach E, which did not happen.

So, it’s not beyond reason to consider that the Q3 projection may slip to Q4.
[/QUOTE]

Basically all of this is discoverable if one wants to take the time to go look for it.

Mach-E sales slipped, but all those cars were at dealers, got updated, and sold.

There are more than Mach-Es and Lightnings in the 200,000 number. Again, discussed often, numbers quoted elsewhere.

However, what's your question? It seems you don't understand the tax credit phase out.

"Ok, no sticky or anything in recent search shows where we are tax credit #'s at this time. Seems important to most. Where are we for the quarter and $7500?"

What are you concerned about? Regardless of whether Ford hits 200,000 in Q3 or Q4, anyone expecting delivery between now and 12/31/22 gets the full $7,500 tax credit. If Ford hits the number in Q3, then 50% credit kicks in on 1/1/23, and 25% on 7/1/23. If Ford doesn't hit 200,000 in Q3, but slips to Q4, then add 3 months to each date.

Your April 2022 order will likely get built, and delivered, this year. You will get 100% of the $7,500 tax credit, assuming you have adequate tax liability.

 

[Shelbeast]

Sooo much of this is supposition because there is a big, nasty, ridiculous, lack of data….

That said, it may be hard to quantify (like about everything else) but the Q3 projection for hitting the 200,000 number was:

1. Before known actual delivery start date and production rates of the Lighting.
2. Before Ford had to put a Mach -E stop sale order on for the HVBJB, which, I believe was about 3-4 weeks (don’t remember the exact)

I don’t know what the original projected start sale date or production run rate was for the Lightning when the Q3 date was published.

I DO know that the original Q3 date assumed uninterrupted sale of the Mach E, which did not happen.

So, it’s not beyond reason to consider that the Q3 projection may slip to Q4.

Basically all of this is discoverable if one wants to take the time to go look for it.

Mach-E sales slipped, but all those cars were at dealers, got updated, and sold.

There are more than Mach-Es and Lightnings in the 200,000 number. Again, discussed often, numbers quoted elsewhere.

However, what's your question? It seems you don't understand the tax credit phase out.

"Ok, no sticky or anything in recent search shows where we are tax credit #'s at this time. Seems important to most. Where are we for the quarter and $7500?"

What are you concerned about? Regardless of whether Ford hits 200,000 in Q3 or Q4, anyone expecting delivery between now and 12/31/22 gets the full $7,500 tax credit. If Ford hits the number in Q3, then 50% credit kicks in on 1/1/23, and 25% on 7/1/23. If Ford doesn't hit 200,000 in Q3, but slips to Q4, then add 3 months to each date.

Your April 2022 order will likely get built, and delivered, this year. You will get 100% of the $7,500 tax credit, assuming you have adequate tax liability.
[/QUOTE]
Thanks, that's what I was looking for. Again, it should be sticky on the splash page as that is important to most buyers.

 

[DadzBoyz]

Sooo much of this is supposition because there is a big, nasty, ridiculous, lack of data….

That said, it may be hard to quantify (like about everything else) but the Q3 projection for hitting the 200,000 number was:

1. Before known actual delivery start date and production rates of the Lighting.
2. Before Ford had to put a Mach -E stop sale order on for the HVBJB, which, I believe was about 3-4 weeks (don’t remember the exact)

I don’t know what the original projected start sale date or production run rate was for the Lightning when the Q3 date was published.

I DO know that the original Q3 date assumed uninterrupted sale of the Mach E, which did not happen.

So, it’s not beyond reason to consider that the Q3 projection may slip to Q4.

Basically all of this is discoverable if one wants to take the time to go look for it.

Mach-E sales slipped, but all those cars were at dealers, got updated, and sold.

There are more than Mach-Es and Lightnings in the 200,000 number. Again, discussed often, numbers quoted elsewhere.

However, what's your question? It seems you don't understand the tax credit phase out.

"Ok, no sticky or anything in recent search shows where we are tax credit #'s at this time. Seems important to most. Where are we for the quarter and $7500?"

What are you concerned about? Regardless of whether Ford hits 200,000 in Q3 or Q4, anyone expecting delivery between now and 12/31/22 gets the full $7,500 tax credit. If Ford hits the number in Q3, then 50% credit kicks in on 1/1/23, and 25% on 7/1/23. If Ford doesn't hit 200,000 in Q3, but slips to Q4, then add 3 months to each date.

Your April 2022 order will likely get built, and delivered, this year. You will get 100% of the $7,500 tax credit, assuming you have adequate tax liability.
[/QUOTE]

 

[Bigfeets]

Sooo much of this is supposition because there is a big, nasty, ridiculous, lack of data….

That said, it may be hard to quantify (like about everything else) but the Q3 projection for hitting the 200,000 number was:

1. Before known actual delivery start date and production rates of the Lighting.
2. Before Ford had to put a Mach -E stop sale order on for the HVBJB, which, I believe was about 3-4 weeks (don’t remember the exact)

I don’t know what the original projected start sale date or production run rate was for the Lightning when the Q3 date was published.

I DO know that the original Q3 date assumed uninterrupted sale of the Mach E, which did not happen.

So, it’s not beyond reason to consider that the Q3 projection may slip to Q4.

Ford will likely announce their July 2022 production numbers for all Ford vehicles (and US sales) in first week of August (next week).

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