Rivian Emails Customers About IRS' Rules For EX Tax Credits via insideevs.com
Startup electric vehicle maker Rivian recently reached out to its customers via email to fill them in on the Internal Revenue Service’s guidance related to the Inflation Reduction Act's newly revamped US federal EV tax credit. However, the information explains how to take advantage of the original credit rather than the new one.
Some people have voiced concerns that they ordered an EV in the US before the new EV tax credit was made official. There have been questions about whether they can still get the"old" credit they were hoping for, or if exceptions may be made for them to somehow benefit from the revamped credit even if the rules are stacked against them., electric cars must be put into service after
December 31, 2022, and before January 1, 2033. They also must have their final assembly take place in North America.Fortunately, the IRS has now released guidance on precisely how US taxpayers may be able to get the old federal EV tax credit. The guidance applies to folks with"If you have such a contract, you can claim the original EV tax credit, and there won't be any restrictions on the
MSRP or the buyer's income. Moreover, there won't be rules pertaining to materials sourcing and manufacturing requirements.
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