2024 Delivery and Tax Credit?

[John Becker]

Will the F150 Lightning still qualify for the full $7,500 tax credit if taking delivery in 2024?

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[TaxmanHog]

With regard to the content requirement %% ?
I don't think we have disclosure of the make up for the Lightning, all we know is that it qualified for 2023.

The future .... who knows for sure but I would hope Ford will disclose this to the public when the 2024 order bank opens.

 

[John Becker]

With regard to the content requirement %% ?
I don't think we have disclosure of the make up for the Lightning, all we know is that it qualified for 2023.

The future .... who knows for sure but I would hope Ford will disclose this to the public when the 2024 order bank opens.

Do we know what percentage of the battery's components are made in North America?
And do we know what percentage of critical minerals extracted or processed in the U.S. or in a country that’s a U.S. free-trade agreement partner?
If we have those 2023 numbers, we can do the math and be able to make an educated guess regarding 2024.

I found this info: "To qualify for a full tax credit, at least 50 percent of a vehicle’s battery components must be produced or assembled in North America. In addition, at least 40 percent of critical minerals used in the battery must be extracted or processed in the U.S. or in a country that’s a U.S. free-trade agreement partner, or they must have been made from materials recycled in North America. The new rules will become stricter over time, with requirements increasing by 10 percent each year through 2027."

 

[TaxmanHog]

That's my point, we do not have numeric values, we only have Fords attestation for MY23 that the truck qualifies, they will issue a puff of smoke at some point as to MY24. All subject to validation by the relevant bureaucracies.

 

[RickLightning]

That's my point, we do not have numeric values, we only have Fords attestation for MY23 that the truck qualifies, they will issue a puff of smoke at some point as to MY24. All subject to validation by the relevant bureaucracies.

Correct.

And we're not going to know that information, likely ever. Ford deals with the government, they give them whatever is required, and either they qualify, or they don't.

 

[chl]

Will the F150 Lightning still qualify for the full $7,500 tax credit if taking delivery in 2024?

Just found this July 25, 2023 article.

The 2024 Chevy Silverado in in the table, as is the 2024 Chevy Blazer and 2024 Equinox, also the 2024 BMW X5 xDrive50e, the 2024 Cadillac LYRIQ, but not the 2024 Lightning.

However, this may just be because as of the time of the writing of the article, they didn't have the information needed to assess it, many/most EV's in the table did not have any 2024 indication...for what it's worth.

"...The table below includes all 24 vehicles that qualify for the full $7,500 credit when placed into service on or after April 18, 2023...."

https://www.investors.com/news/ev-t...-2024-electric-cars-and-trucks-that-get-7500/

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