{"id":12440,"date":"2022-08-16T14:39:34","date_gmt":"2022-08-16T14:39:34","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/16\/buying-an-ev-is-about-to-be-a-pain-in-the-ass-thanks-to-stricter-tax-credits\/"},"modified":"2022-08-16T14:39:35","modified_gmt":"2022-08-16T14:39:35","slug":"buying-an-ev-is-about-to-be-a-pain-in-the-ass-thanks-to-stricter-tax-credits","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/16\/buying-an-ev-is-about-to-be-a-pain-in-the-ass-thanks-to-stricter-tax-credits\/","title":{"rendered":"Buying an EV is about to be a pain in the ass, thanks to stricter tax credits"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/15\/23306417\/ev-tax-credit-binding-contract-electric-vehicle<\/a>
\n
<\/br><\/code><\/p>\n

\n

Volkswagen \u201ccannot guarantee\u201d that its ID.4 compact electric SUV will be eligible for the new electric vehicle tax credits<\/a> that are set to go into effect after President Joe Biden signs the Inflation Reduction Act. The automaker isn\u2019t alone in its confusion. <\/p>\n

The auto industry is scrambling to adjust to the new rules requiring that EVs must be assembled in North America<\/a>, using parts and supplies sourced domestically or from official trading partners, in order for customers to qualify for the $7,500 tax credit. Most EVs have batteries that are sourced from China, meaning the new rules are written in such a way as to effectively disqualify the vast majority of EVs on the road today. <\/p>\n

In an email to customers, VW says it \u201cexpects but cannot guarantee\u201d that model year 2022 and 2023 ID.4s will meet the new strict requirements. Due to the uncertainty, the automaker is urging its customers to enter into a \u201cwritten binding contract to purchase\u201d as their best chance of qualifying for the tax credits. <\/p>\n

\n