@palyamrao - It appears that the driving determinent is 'take possession / take delivery' to demarcate between paragraph 1 and paragraph 2. Whether a 'binding agreement' or a 'purchase' isn't really important if the delivery date is 2023.
1) If you entered a written binding contract to buy a vehicle before August 16, 2022, but took possession on or after August 16, 2022, and before January 1, 2023, you may claim the credit based on the prior rules and disregard the assembly requirement. the vehicle will be delivered in April 2023. So you don't qualify under this statement, right?
2) If you purchased a vehicle between August 16, 2022 and December 31, 2022 but don't take delivery of the vehicle until 2023, see Credit for New Clean Vehicles Purchased in 2023 and After. the vehicle will be delivered in April 2023, so you qualify under this statement, right?
Why do you think you would not be subject to paragraph #2 ?
Where is the car being manufactured?
