If I placed the order for my electric vehicle in February 2022, is that considered a written binding contract to purchase?

[PattiF]

From the IRS:

What is a written binding contract?

In general, a written binding contract :

• is enforceable under state law, based on the state and relevant facts and circumstances, and
• does not limit the damages a buyer or seller can receive for a breached contract, such as forfeiting a deposit or paying a pre-determined dollar amount or a percentage of the total contract price for the vehicle.

An indication of a binding contract is if a buyer has made a significant non-refundable deposit or down payment.

Please see this Article from the IRS about New Electric Vehicles.