Featured Now non-NA built BEV can get a full tax credit on Lease.

that's good news!

 

With an expiration date toward a graduated scale, works for me. One IRA goal is USA-free trade, EV manufacturing.

Of course as a TSLA stock holder, I would prefer no IRA distortion of the free market.

Bob Wilson

 

usa manufacturing is pie in the sky donald trump schlock, pandering for votes.

let's stick with promoting fossil fuel alternatives in all energy needs, and us manufacturing to the free market.
we should be more concerned about where our food and medicines are produced

 

Well, Toyota is siding with Manchin in disagreement of this interpretation of the law. I agree with them as it is the same BS logic that let doctors, lawyers, and other white collar professionals apply a commercial truck tax credit to pay for their commuter Escalades.

The credit limit for personal car sized vehicles is $7,500, but what the actual amount will be for a model is determined differently than the consumer vehicle portion, "Section 45W provides a credit for qualified commercial clean vehicles acquired after 2022 and prior to January 1, 2033 equal to the lesser of (i) 30% of the basis of such vehicle[2] or (ii) the incremental purchase price of such vehicle above the purchase price of a comparable vehicle powered solely by a gasoline or diesel internal combustion engine." Virtually, its $7500 for all. In the case of the Bolts, it will be limited to their price difference over the Trax.

There is also limits on what leases can benefit from this, but I'm pretty sure the typical 2 to 3 year car lease does. Of course, this doesn't help the leassee if the lease company doesn't pass on the savings.
https://electrek.co/2022/12/29/cars-assembled-outside-na-may-qualify-for-ev-tax-credit-per-new-irs-note/
IRA Update: IRS Releases Reporting Requirements for EV Manufacturers and Sellers | Mintz

edit: Electrek comments point out that this will allow 'buyers' of the EV to circumvent the EV price limits and buyer income requirements for the consumer credit. So fully loaded Hummer EVs will get it.