Hi sraja18, thanks for posting the questions.
Inflation Reduction Act of 2022 (IRA 2022) signed into law on 8/16/2022. Hence terms used here are “Pre-IRA 2022” and “Post-IRA 2022.”
To reply:
1. If you purchase and take possession of a qualifying electric vehicle after August 16, 2022 and before January 1, 2023, aside from the final assembly requirement (which you indicated - satisficed), the rules in effect before the enactment of the Inflation Reduction Act for the EV credit apply (including those involving the manufacturing caps on vehicles sold). Yes, there is no income limit for tax year 2022. Income limits, vehicle price limits etc. start to apply in 1/1/2023 and onwards.
2. Here is the general rule for manufacturer/vehicle approaching 200,000 cap: Taxpayers may claim the full amount of the credit up to the end of the 1st quarter after the quarter in which the manufacturer records its sale of the 200,000th qualified vehicle. For the 2nd and 3rd quarters, taxpayers may claim 50% of the credit. For the 4th and 5th quarters, taxpayers may claim 25% of the credit. No credit is allowed after the 5th quarter. (Source - TheTaxBook research tool)
Please see below for Index for Manufacturers published by the IRS
https://www.irs.gov/businesses/irc-30d-new-qualified-plug-in-electric-drive-motor-vehicle-credit
Hope the above helps.
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