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It looks like new EV tax credit is landing soon. But it looks pretty bad to lucid people as the msrp cap for ev credit is $55,000. I am AGT reservation holder and hope to get any time in next year.
If the bill passes, I can’t get $7,500 tax credit? If so, that would be pretty sucks…
 

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It looks like new EV tax credit is landing soon. But it looks pretty bad to lucid people as the msrp cap for ev credit is $55,000. I am AGT reservation holder and hope to get any time in next year.
If the bill passes, I can’t get $7,500 tax credit? If so, that would be pretty sucks…
Hey @hlee welcome to the forum! That's correct the tax credit is only available for electric sedans priced up to $55,000. So the Air isn't eligible. Is that going to affect your reservation?

 

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Hey @hlee welcome to the forum! That's correct the tax credit is only available for electric sedans priced up to $55,000. So the Air isn't eligible. Is that going to affect your reservation?

It wouldn't affect my reservation. I just feel bad about it and I would say lucid stock price will affect my reservation much more.
 

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Hey @hlee welcome to the forum! That's correct the tax credit is only available for electric sedans priced up to $55,000. So the Air isn't eligible. Is that going to affect your reservation?

I went to the link you provided and the MB EQS 580 qualifies for the $7,500.00 tax credit, so wouldn't the Lucid AGT?
 

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I went to the link you provided and the MB EQS 580 qualifies for the $7,500.00 tax credit, so wouldn't the Lucid AGT?
That article hasn't been updated. As of right now, the Lucid still qualifies. The "Build Back Better" Bill didn't pass.

They will try to modify it and get it passed. If they do, the credit could be in jeopardy but that will also depend whether they make the change in credit retroactive to the first of this year.

If they don't, some early AGT owners might still get it
 

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From my initial understanding of the proposed change for the Federal EV credit, it sounds as if the big legacy makers and the auto dealerships had a lot of input. The new EV has to be $55,000 or less, limits on how much the household makes in order to qualify, assembled in North America, certain amount of its battery has to be made in the USA, and has to be sold from a dealership. Sounds like Ford and GM wrote those stipulations. Why have any stipulations about dealership purchase? In the end, I wonder if a 2022 Lucid reservation will be grandfathered in under the old rule?
 
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