ElectricMotorcycleForum.com
General Category => General Discussion => Topic started by: Richard230 on July 30, 2022, 10:48:38 PM
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Attached is an article regarding the details of the proposed U.S. law recently approved by the Senate which is now heading to the House of Representatives for approval. It would give an IRS credit to people buying a new or used electric vehicle. However, the hooks in the law are enough to make my head spin. So I am attaching a copy of the article that was published in my newspaper today and I will let you try to figure it out to determine if the credit would apply to your next EV purchase.
I think that both Zeros and the LiveWire One might be eligible for the credit because they are assembled in the U.S., however there are a lot of other restrictions that might potentially disqualify them. These rules are definitely not as simple as they used to be in the past.
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Here is the second page of the article.
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I should mention that what got my attention is in the second column at the end of the last page there are restrictions about more than half of the value of the battery components need to be made in NA, at least 40% of the battery minerals must be sourced from the U.S., or from a country with a free trade agreement and the percentage will increase over time. How will the government determine where the battery minerals come from and what percentage meet the requirements. Determining if the EV meets those regulations should keep a lot of bureaucrats quite busy.
As an example, Zero sources its battery pouches from an American-owned factory in China, which are assembled into battery packs at their California factory. Who knows where the minerals for the battery pouches come from and how will they be traced? That is the part of the regulations that mystify me as to how they will be enforced. BTW, their motorcycles are assembled in the U.S. by U.S. workers, but most of the components are sourced from China or a few other countries.
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Today the Senate passed the $750 billion climate improvement and tax adjustment bill, with a bunch of amendments. My guess is that the EV rebates and credits in the article that I posted above likely didn't change as the fighting was about frying much bigger fish. The bill goes on to the House of Representatives, where it is very likely to pass and be sent on to the President for his signature and become law. Someday my newspaper will likely provide more details regarding EV credits and the like that are in the law and when that happens I will add that information to this thread.
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As I suspected hardly anyone is going to get an EV purchase tax rebate when this law becomes effective next year. And that goes double for anyone who buys an electric motorcycle. >:(
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And now we have this.... ::)
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I just wish they would use that money to put more charge stations out in the middle of nowhere. That alone will help EVs sell.
-Don- Trinidad, CA
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Increased funding for EV chargers in rural areas was in the bill that Biden signed in November 2021.
"President Biden’s Bipartisan Infrastructure Law includes a total of $7.5 billion to build out a nationwide network of 500,000 electric vehicle chargers."
https://www.transportation.gov/briefing-room/president-biden-us-department-transportation-releases-toolkit-help-rural-communities
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Increased funding for EV chargers in rural areas was in the bill that Biden signed in November 2021.
Yeah, I heard about that too. But when do you think we will start seeing them on the road? And what type of chargers? Zeros need more J-1772, but Energica is best with CCS. However, the slow J-1772 has one big advantage. Just about every type of EV made can use it, regardless of make and model or if car or motorcycle.
-Don- Reno, NV
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Inquire with the Council Of Governments for the counties in your area.
On the California central coast there appears to be a six county effort to locate chargers with a focus on rural areas. The planning work has begun and the decisions look to be controlled at the local level.
https://keyt.com/news/environment/2022/08/15/public-help-is-requested-to-locate-sites-for-new-electric-vehicle-charging-stations/
As to when, first they need to develop a plan, then approve a plan, then contract a plan, and then install the plan. 18 to 24 months would be really, really fast given the current labor and equipment shortages.
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Inquire with the Council Of Governments for the counties in your area.
On the California central coast there appears to be a six county effort to locate chargers with a focus on rural areas. The planning work has begun and the decisions look to be controlled at the local level.
https://keyt.com/news/environment/2022/08/15/public-help-is-requested-to-locate-sites-for-new-electric-vehicle-charging-stations/
As to when, first they need to develop a plan, then approve a plan, then contract a plan, and then install the plan. 18 to 24 months would be really, really fast given the current labor and equipment shortages.
And after all of those plans, they will have to select a vendor to install, operate and maintain the charging stations. As always, when you encounter a government public works program, don't hold your breath waiting for it to be completed. ::)
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On the California central coast there appears to be a six county effort to locate chargers with a focus on rural areas.
"Central CA coast rural areas" sure sounds like an oxymoron to me! And they show Tesla? Not much of an issue there.
How about CCS and J-plugs in places such as Portola, Quency, Susanville, CA? None even in the Wal*Mart in Susanville. Even they ignored the most needed locations! Lake Topaz? (CA & NV border). Downieville, Sierraville, CA. I can name real CA rural areas all day that desperately need CCS and J-plugs.
-Don- Reno, NV
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Here is the latest detailed scoop regarding the "Inflation Reduction Act's" (gotta love that title ::) ) climate reduction rebates scheme. Good luck figuring out if you will qualify for a rebate. ???
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Hopefully manufacturers will bring lawmakers to their senses, it's pointless if the law applies to 1/4 (or less!) of EVs on the market.
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Hopefully manufacturers will bring lawmakers to their senses, it's pointless if the law applies to 1/4 (or less!) of EVs on the market.
And maybe 1/4 (or less) of the people buying them.
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My '19 Bolt EV was trivially clearly eligible for the tax credit, yet it took 4 letters back and forth to the IRS over 2 years before it was finally accepted. So good luck actually getting an IRS credit within a complicated rule system. And the 87,000 new IRS agents will make it harder, not easier. And the credits help automakers to increase retail prices to take most of the money, just as universities can do with loan forgiveness. What a debacle.
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And now the political cartoonists have figured out the new U.S. Inflation Reduction Act law and how it will help the average person. ::)
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It looks like electric motorcycles have been cut out of the U.S. EV rebate law: https://www.revzilla.com/common-tread/motorcycles-left-out-of-federal-incentives-for-electric-vehicles
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It looks like electric motorcycles have been cut out of the U.S. EV rebate law:
But if you live in Illinois. (https://www.msn.com/en-us/autos/motorcycles/illinois-announces-round-two-of-its-ev-rebate-program-including-bikes/ar-AA11k2G7?ocid=msedgntp&cvid=b14e702aacde48ab99aa45983428cdbe)
-Don- Reno, NV
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I think California is still offering rebates ($750?) to purchasers of new electric motorcycles, but the rebate depends upon your gross income as reported to the IRS. If you make too much money, no rebate for you. :(
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I think California is still offering rebates ($750?) to purchasers of new electric motorcycles, but the rebate depends upon your gross income as reported to the IRS. If you make too much money, no rebate for you. :(
It's 150K$ max income. I am just a little over that amount, figures! My Experia will have a CA plate, but that won't do me any good. See here. (https://driveclean.ca.gov/node/919735)
-Don- Reno, NV
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Don,
After you take delivery of your Experia, sell it to me used so I can take advantage of the second round of rebates in Illinois. ;D
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After reading the attached article that was published in my newspaper yesterday it sure looks like fully battery-powered vehicles are getting the short end of the stick when it comes to the IRS rebate credit for purchasing an EV car. And of course, motorcycles don't even get any part of the stick as they were cut out of the program entirely. If you buy a hybrid car with a 7 kWh battery you can get the full $7,500 rebate, but if you buy a motorcycle with two or three times the battery capacity of a hybrid you get zippo. >:(
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I don't think I would have circled the same paragraphs as you did. The title makes sense as described in the article with limited domestic ingredients using those ingredients in smaller packages will yield more "cars" that qualify. Not even sure if car covers all vehicles isn't there a price difference max to qualify depending on vehicle type.
Whether some of the stuff goes against existing trade agreements with foreign nations seems quite possible. We here in the USA have been scared 100% tariffs are coming on certain displacement European motorcycles because of some dispute I think it was agricultural subsidies in Europe.
Sounds like Tesla who had used up all their subsidies at the lessening purchase price aspect now will find itself in the best position to gobble up this batch of incentives compared to others.
This probably sounds bizzare but if the object is to reduce carbon dioxide tail pipe emissions somehow figure out how to make the incentives to replace higher mileage user's vehicle.
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I originally cut that article out and circled those paragraphs for a friend of mine who keeps talking about switching to an all-electric car to replace his ICE sedan. I thought those comments would be of interest to him when considering what to do about his next car purchase plans. It was only later when I thought to post it here. Most of the time I don't outline specific areas of an EV article unless it has something to do with motorcycles when posting an article here.