Rivian, Lucid Tell Reservation Holders To Sign Binding Agreements
In doing so before the Inflation Reduction Act is passed, customers can remain eligible for the current $7,500 tax credit.
Earlier this week, Fisker announced its reservation holders that it found a loophole allowing them to benefit from the full $7,500 tax credit before the Inflation Reduction Act goes into effect.
According to Fisker, the bill's "Transition Rule" could work in favor of current reservation holders if they enter into a binding contract before the Inflation Reduction Act goes into law. Essentially, a taxpayer who has entered into a new vehicle contract before the new law is passed could be treated as a customer ordering a vehicle while the previous bill was still in place.
Rivian, Lucid Tell Reservation Holders To Sign Binding Agreements
Rivian and Lucid informed reservation holders that they can enter into binding contracts to make sure they qualify for the full $7,500 tax credit.
insideevs.com