Hello -
I am interested in purchasing a Ford EV made here in North America by the end of the year (2022). A couple questions regarding the federal EV tax credit.
1. Do the income limits apply for 2022 EV purchases? When do the income limits start for EV purchases? My understanding is that the income limits for the new Clean Air Act kicks in on Jan 1, 2023, but wanted to verify.
2. I looked on the IRS website and the sales for Ford will go over 200,000 units this quarter (ending 9/30/2022). But it sounds like the next quarter (until 12/31/2022) after 200K cars is still eligible for the full EV tax credit of $7500 (see IRS website). Does this mean that I can purchase a vehicle in Nov or Dec this year and still be eligible for the full EV credit ($7500)?
Thanks!
