I was told last November 2-4 months. Six weeks ago I was told delivery in July. Left a message with my DA and with Millbrae, no call back. I think they will be painting all silvers cars ordered in the same batch. If you order silver you get one pencil, one hat and a blood pressure monitor.
I should already know this, since I have a GT on order, but does the $7,500 tax credit occur when filing taxes, or as a line item on the bill of sale? I’m in CA and apparently we get another $750 credit, but not clear how that gets applied either.
Pretty sure $7500 is a credit when you file your tax return next year (assuming your tax liability is at least that amount). Not sure about the CA $750 credit.
All done at tax time - on your 2022 taxes.
Thank you, that’s what I thought. It gets a little confusing because Lucid shows it as a line item credit on the configuration page.
Wow, glad it failed!
An article from a couple days ago... It says that Lucid is elible for the 7,500 rebate, but if BBB passed, it would be 12,500.
electrek.co
The $750 credit comes off the Purchase, that is a CA thing. The $7,500 tax credit is a federal thing and comes off the taxes you owe as a credit.
BBB details….An article from a couple days ago... It says that Lucid is elible for the 7,500 rebate, but if BBB passed, it would be 12,500.
Here's every electric vehicle that currently qualifies for the US federal tax credit
Here's a comprehensive guide to help you figure out if your electric vehicle still qualifies for any federal tax credit and state incentives.
I'm also in CA. Don't have my vehicle yet but I believe it's a Federal tax credit that you receive when you file your tax return Also, if you install a home charger, I believe there is an additional 30% up to $1,000 rebate.
I am fairly certain it did
In that case and for purely selfish reasons, we had better hope that the BBB never passes in its current guise. That $7500 federal tax credit is a pretty nice incentive for me to switch from Tesla to Lucid.
As a retiree, I can adjust my income up and down by choosing what stocks to sell and short vs long term gains, but I was unaware of a 55k cap. It is interesting that the article did not mention that. In fact the chart showed the Lucid GT and Dream as eligible, but that may be based on the bill not passing? Anyway, that bill has not passed and likely will not, and it is hard to say what it would look like by the time it passed.
That was definitely optimistic when they stated that for the early confirmers. I think that since you just joined the forum, you may have missed the history that went into your assumption. Lucid started confirming reservations before production of the GT started, greys and silvers and those with Santa Cruz interiors were/are delayed, and ramp up has not gone as planned. So the people that reserved and confirmed early have a much longer wait before delivery than someone that reserves today since there is no wait for production of the GT to start and it appears they are producing more cars/week. The time between confirmation and receiving a VIN seems to be shortening and the time from VIN to delivery center is definitely shorter. My SA said 2 - 3 months which I was shocked at - this was a couple of weeks ago. 3 - 5 months seems like a reasonable estimate now...at least I hope so. We'll have to see if Lucid runs into another parts issue that undermines production.
If BBB passed it would be $0 for a Lucid.An article from a couple days ago... It says that Lucid is elible for the 7,500 rebate, but if BBB passed, it would be 12,500.
Here's every electric vehicle that currently qualifies for the US federal tax credit
Here's a comprehensive guide to help you figure out if your electric vehicle still qualifies for any federal tax credit and state incentives.
