Tax Credits vs Inflation

Aptera Community Aptera Discussions Tax Credits vs Inflation

Aptera Community Aptera Discussions Tax Credits vs Inflation

  • Tax Credits vs Inflation

  • Francis Giroux

    Member
    August 16, 2022 at 5:45 pm

    Biden Inflation Act Promises Tax Credit Worth Up To $7,500 For New Electric Vehicle Buyers – Ford Increases Price Of Electric Vehicles By Up to $8,500

  • Dennis Swaney

    Member
    August 16, 2022 at 8:10 pm

    🤣

  • Konijnerd the Great

    Member
    August 16, 2022 at 9:01 pm

    While funny, there is no way we’l get our aptera at the price we pre-ordered.

    • DIRK WRIGHT

      Member
      August 17, 2022 at 5:47 am

      Yes, I expect a price increase by the time they go on sale.

  • Sam Adams

    Member
    August 17, 2022 at 6:10 am

    Can you all please stop asking Aptera to raise the price! The goal is to get more people into EV’s, not less!!

    • Riley …

      Member
      August 17, 2022 at 6:49 am

      My only concern are the people that will immediately flip it for more money. Maybe aptera can have a none transferrable warranty.

      • Roland Smith

        Member
        September 7, 2022 at 1:19 pm

        The Ferrari sales contract specifies that you cannot sell the car unless you have owned it at least a year.

        • Curtis Cibinel

          Member
          September 7, 2022 at 2:54 pm

          Does that contract hold up? Pretty sure the F150 lightning has the same

    • Jonah Jorgenson

      Member
      August 17, 2022 at 8:55 am

      True that is the goal.

      But, Aptera is a company. In our economic system the chief purpose of a company is to maximize share holder equity.(Stock value do to company performance). We are not asking Aptera to raise prices. We are expecting Aptera to set a price based on covering operational expenses, a reasonable profit, and sometime in the future to pay dividends to investors. The Aptera prices were set in 2020 long before 9% inflation. A price increase is most certainly in the cards as it has been for Tesla, Ford, etc.

      • This reply was modified 1 month, 1 week ago by  Jonah Jorgenson. Reason: corrected spelling
      • Sam Adams

        Member
        August 17, 2022 at 9:29 am

        Please

  • Alain Chuzel

    Member
    August 17, 2022 at 6:20 am

    Biden Inflation Act(?) No.

  • Glen Flint

    Member
    August 17, 2022 at 10:53 am

    Will Aptera qualify for the $7500 tax credit? This article says most EVs won’t meet the requirements.

    U.S. Congress office sees few tax breaks for EVs under Democratic plan | Reuters

    The subsidy rules, buried in details of the Senate Democrats’ climate and energy plan agreed by Manchin and Senate Majority Leader Chuck Schumer, complicate what had been a straight forward tax credit available to buyers most of EVs — though both General Motors (GM.N) and Tesla (TSLA.O) previously hit the existing 200,000-vehicle tax break cap and are no longer eligible.

    Industry officials said it will be nearly impossible to achieve the domestic content rules calling for 50% of battery components to be manufactured in North America before 2024 and 60% by 2024-2025.

    For 2022 to 2026, the CBO estimates the government would spend $1.78 billion on subsidies for new EV purchases – suggesting budget scorekeepers expect a total of just 237,000 EVs will qualify in those five years.

    GM alone has said it expects to sell 400,000 EVs by the end of 2023. U.S. EV market leader Tesla, Ford Motor Co (F.N), Volkswagen AG(VOWG_p.DE), Hyundai(005380.KS), Kia and Mercedes-Benz among others have plans to sell EVs in high volume as well.

    Auto dealers are worried they “will be left trying to explain to consumers why these incentives aren’t available to them,” Cody Lusk, president of the American International Automobile Dealers Association said Wednesday.

    • DIRK WRIGHT

      Member
      August 17, 2022 at 11:10 am

      It’s because of IRS rules, which apply only to 4-wheel vehicles. That’s why Aptera does not qualify.

      • Glen Flint

        Member
        August 17, 2022 at 12:10 pm

        OK that makes sense. So don’t count on that $7500 when budgeting for your Aptera.

        • This reply was modified 1 month, 1 week ago by  Glen Flint. Reason: you -> your
      • John Malcom

        Member
        August 17, 2022 at 3:22 pm

        Aptera, like most other new EVs also doesn’t qualify because of the rules on battery chemistry content for new EVs. But if it is a used EV or hybrid, even with battery content that doesn’t comply, you get a 4K incentive. go figure.

        • Curtis Cibinel

          Member
          September 6, 2022 at 4:54 pm

          Hopefully your right because if no new vehicles get it the field is level. A $7500 disadvantage would really hurt the rate of conversion of reservations for Aptera. I’ll buy regardless but canadian incentives are only about half as much anyway.

          The following is a good video on the topic.

          https://www.youtube.com/watch?v=11ePVJh-S-o

  • Jeffrey May

    Member
    August 19, 2022 at 8:46 pm

    I know facts shouldn’t get in the way of a good joke, but Ford *already* had a $7500 EV tax credit in place for at least the remainder of 2022. So it’s not like Ford was reacting to a sudden increase in tax credits.

    And due to the new battery sourcing requirements and MSRP caps in the IRA that go into effect in 2023, there’s a good chance that the IRA will take significant money *away* from Ford EV tax credits in 2023 vs if nothing had been passed.

    And the mentioned $8500 price increase is only for a couple of the more expensive trims of the F150 Lightning. Other F150 Lightning trims saw smaller increases.

  • Patrick Liebknecht

    Member
    September 7, 2022 at 12:45 pm

    Even if the aptera had 4 wheels it would not qualify for the new “ non refundable tax credit ”

    Simply because of where the batteries are made.

    Not to mention nearly ALL EVs do NOT qualify for it.

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