[ad_1]
-
Fisker enables qualifying US Fisker Ocean reservation holders, in advance of the bill’s passage, to enter a binding contract with the automaker to purchase a vehicle, retaining potential eligibility for the current federal tax credit of up to $7,500.
-
The current draft of the Inflation Reduction Act includes a North American production requirement that renders Fisker Ocean buyers ineligible for the proposed tax credit.
-
US-based Fisker Ocean reservation holders are not required to commit additional funds to convert deposits to non-refundable orders.
-
The Fisker Ocean will commence production on November 17, 2022, and ramp up to 40,000-50,000 units in 2023.
Fisker Inc. (NYSE:FSR) (“Fisker”) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – unveils a process for qualifying US-based reservation holders of the Fisker Ocean all-electric SUV to retain access to the existing federal tax credit. The current $7,500 tax credit would be unavailable should Congress pass the Inflation Reduction Act of 2022 and President Biden signs the legislation into law.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220807005016/en/
Fisker Inc. – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – unveils a process for qualifying US-based reservation holders of the Fisker Ocean all-electric SUV to retain access to the existing federal tax credit. The current $7,500 tax credit would be unavailable should Congress pass the Inflation Reduction Act of 2022 and President Biden signs the legislation into law. (Photo credit: Fisker)
Qualifying reservation holders in the United States are eligible for a $7,500 tax credit under existing law, but the proposed legislation, as currently drafted, would make the Fisker Ocean, built in Austria, ineligible. In addition, the bill also imposes a household income cap of $150,000 for single filers and $300,000 for couples filing jointly. However, Fisker believes customers may be able to retain eligibility for the full $7,500 credit for the 2022 tax year by converting their existing reservations into a binding sales contract for the purchase of the Fisker Ocean .1
“Many of our reservation holders are looking forward to the tax advantages of purchasing an electric vehicle. Therefore, …
Full story available on Benzinga.com
[ad_2]
Source link
