[685]

Oh goodie, a Plaid with the inane yolk steering wheel. Hard pass!

Hurtful. Hurtful...

 

[M3HNGRY]

Any updates on tax credits? Did BBB pass?

 

[Ken7]

Not so far and hopefully not ever. It would just be more pissed away money, more inflation to hurt those that can least afford it and more pet projects that benefit almost nobody. If it was passed today, in a few years people would be asking, "Where did all that money go to?"

 

[685]

Did not. Will not.

Sad. We need it. Even though I pay less taxes without.

 

[rollermonkey]

IRS also still has not updated sales figures for Q4 of 2021. Should be soon now, though. It usually gets posted near the end of the following quarter, even though the actual numbers are due to the IRS by the end of the first month after, or the manufacturer is disqualified, no matter how many or how few qualifying cars have been sold to that point.

 

[rollermonkey]

The IRS has FINALLY updated the numbers. BMW is now at 135,679 which was a Q4 increase of 5,189
That was a much bigger jump than I was expecting, considering it's based on deliveries in the quarter, the i4 and iX weren't available yet, and the i3, i8 and i3x were all almost off the market by then.

 

[Fayt349]

The IRS has FINALLY updated the numbers. BMW is now at 135,679 which was a Q4 increase of 5,189
That was a much bigger jump than I was expecting, considering it's based on deliveries in the quarter, the i4 and iX weren't available yet, and the i3, i8 and i3x were all almost off the market by then.

I don’t even know if this matters because the build back better bill is being discussed again.

 

[Ken7]

I don’t even know if this matters because the build back better bill is being discussed again.

I hadn’t heard that. I thought we were done with that for awhile. Now we’ll have to hope this monstrosity doesn’t pass and if it does, it doesn’t become retroactive to 1/1. The fact is nobody knows.

 

[Fayt349]

I hadn’t heard that. I thought we were done with that for awhile. Now we’ll have to hope this monstrosity doesn’t pass and if it does, it doesn’t become retroactive to 1/1. The fact is nobody knows.

 

[Ken7]

Yeah, it really makes sense to cap EV sedans at $55,000 when you’re trying to get people to buy these things. Makes as much sense as allowing a cap of $25,000 more for SUVs & vans. Elect geniuses and you get genius legislation.

Now let’s see what these clowns do with the effective dates. They could start it next year, make it effective as of the date it’s signed into law or make it retroactive to 1/1 or any date in 2022 they please.

The earlier you get your car the more likely, but certainly not guaranteed, to get the $7,500 tax credit if you qualify.

 

[FL M8]

Are there any (reliable) published projections regarding when BMW will hit the 200K production threshold and no longer be eligible for the tax credit? I was surprised to see that the company had already produced ~135K electric vehicles, presumably i3’s, i8’s and hybrids.

 

[Mike i4 M50]

Yup, the 135K number includes all of BMW's electrified vehicles..........330e, 530e, i3, i8, X3 and X5 plug-in hydrids, 7-series hybrid and any others

 

[rollermonkey]

Are there any (reliable) published projections regarding when BMW will hit the 200K production threshold and no longer be eligible for the tax credit? I was surprised to see that the company had already produced ~135K electric vehicles, presumably i3’s, i8’s and hybrids.

I think it's safe to say that the 5k deliveries in Q4 2021 is on the low end of things moving forward. The highest number they hit in a quarter before that was 7142 in Q2 of 2021. Even if they doubled that to 15k, It would take 5 quarters to reach 200k. Under current law, eligibility for the credit continues for two more quarters at the full level, then phases out over the two quarters after that.

In other words, if there are no changes to the law, and BMW doubles its qualifying EV deliveries, we have until (at least) June 2023 to take delivery and qualify for the full credit.

 

[rollermonkey]

Also: I am also starting to think that BEV Mini deliveries are included in the BMW total numbers?

 

[FL M8]

Thanks for your response. Your projection is very much in line with what I was thinking.

 

[M3HNGRY]

So glad we are still in the clear for the incentive.

 

[685]

Manchin is a democrat?

 

[Fayt349]

So glad we are still in the clear for the incentive.

Not if we keep getting constant delay after delay

 

[M3HNGRY]

Not if we keep getting constant delay after delay

What delay? Only delay I have seen was me changing my order to Individual Order. That delay was only 2 months.

 

[gsbaker]

Manchin is a democrat?

Manchin is a democrat from WV who is close to the republican position on many things.

So he is effective a swing vote in the Senate