Bye Bye Tax Credit for Mercedes EQ's
Thread Starter
MBWorld Fanatic!
Joined: Aug 2009
Posts: 2,133
Likes: 265
From: NM
2023 AMG EQS
Bye Bye Tax Credit for Mercedes EQ's
The Senate has passed the Inflation Reduction Act
https://electrek.co/2022/08/07/senat...ate-bill-ever/
This will extend the $7500 credit for EVs assembled in North America and end the current $7500 credit for all others.
If you can pick up your EQS before the house passes it and Biden signs it into law then make it happen!
I think the EQS SUV will still be eligible? Correct me if I am wrong please.
https://electrek.co/2022/08/07/senat...ate-bill-ever/
This will extend the $7500 credit for EVs assembled in North America and end the current $7500 credit for all others.
If you can pick up your EQS before the house passes it and Biden signs it into law then make it happen!
I think the EQS SUV will still be eligible? Correct me if I am wrong please.
Super Member
Joined: Sep 2016
Posts: 765
Likes: 289
From: Los Angeles
2024 GLE63s, 2021 E63s, 2018 GLC43
SUV price capped at $80k for tax credit. Car price capped at $55k.
Income is capped at $150k/300k for credit.
There’s also stipulations about location of vehicle’s final assembly and where the batteries are manufactured.
From what I’m reading, there’s literally only about half a dozen EVs that will qualify for tax credit with this new bill.
Income is capped at $150k/300k for credit.
There’s also stipulations about location of vehicle’s final assembly and where the batteries are manufactured.
From what I’m reading, there’s literally only about half a dozen EVs that will qualify for tax credit with this new bill.
Member
Joined: Jan 2022
Posts: 137
Likes: 22
From: Western North Carolina
2022 EQS 450+, 2020 C300 Cab, 2019 Jeep GC
If the battery size is still used to determine the amount of credit the F-150 and Silverado may be the only ones to max. Not much has been said, but I wonder about what restrictions they have on the used EV credit.
Junior Member
Joined: Jan 2022
Posts: 54
Likes: 16
2022 EQS 580 4matic, 2022 GLS 450
In addition to the Federal EV tax loss, my state has eliminated their EV tax refund offer and added an additional road tax on all EV vehicles and hybrids! How is that supposed to encourage a switch?
Last edited by rbourge; Aug 8, 2022 at 11:43 AM.
Super Member
Joined: Nov 2021
Posts: 825
Likes: 263
From: NE KY, on the Ohio River
2018 S560; 2022 EQS450+
Thread Starter
MBWorld Fanatic!
Joined: Aug 2009
Posts: 2,133
Likes: 265
From: NM
2023 AMG EQS
Yeah they really watered the tax credit down. I just wish they left the old one in place until each company reached their 200,000 limit.
Also I believe there is an income limit as well. So a lot of buyers who claim this credit may not even be able to get all $7500.
Also I believe there is an income limit as well. So a lot of buyers who claim this credit may not even be able to get all $7500.
Out Of Control!!
Joined: Sep 2018
Posts: 14,666
Likes: 4,568
From: unbegrenzt
2017 GLE350 4MATIC
In addition to the issue of skirting road tax, electric utilities are not of one mind as to if, when and how to supply electricity for the new world of EVs, if it ever arrives.
Tapping the brakes on EV penetration, as this bill does, helps governments keep their eye on the tax ball and the utilities to rustle up a plan to bring more juice.
Tapping the brakes on EV penetration, as this bill does, helps governments keep their eye on the tax ball and the utilities to rustle up a plan to bring more juice.
Trending Topics
Super Member
Joined: Mar 2022
Posts: 583
Likes: 238
From: South by Southwest
2021 AMG E63s Wagon
No Free Lunch
Some EVs are so expensive now they should be part of the mortgage as an appliance or backup generator?
When 2020 CRV Hybrid finally dies wife's next vehicle has to be an EV. As an engineer would prefer a Hydrogen Fuel Cell vehicle but infrastructure not there yet. The way this country works as we phase out ICE the cost to charge EVs will creep up to what we used to pay for Diesel and Gasoline especially with all these incentives going away. States and Feds need to Tax charging to help pay for roads and graft. Insurance cost are also insane especially at GA residence. My 3 ICE vehicles in NM that take premium octane, cost less to insure than 2021 Kia Soul in Athens area of Georgia. 18-year old son partly to blame since is on GA policy but main culprit is our proximity to Atlanta Georgia so says our Agent in Watkinsville. Can only imagine what Tesla's or EQS SUV's Premium would cost @stealth.pilot ? Told the wife no more free lunch and needs to start saving up for her future transportation...lol
I will keep air in the tires and might help with insurance. Georgia taxes half my NM retirement income but at least I'm covered under her Government Health Insurance for now. I might buy a Zero Motorcycle if my balance is still good in 8-13 years. Will continue to enjoy all the pops from my Toys until I'm forced to downsize and relocate back East after 70 and old job no longer requires my part time services for contract. Hope wife transfers to DMV area in a Tax friendly location. Maybe WV or DE?
When 2020 CRV Hybrid finally dies wife's next vehicle has to be an EV. As an engineer would prefer a Hydrogen Fuel Cell vehicle but infrastructure not there yet. The way this country works as we phase out ICE the cost to charge EVs will creep up to what we used to pay for Diesel and Gasoline especially with all these incentives going away. States and Feds need to Tax charging to help pay for roads and graft. Insurance cost are also insane especially at GA residence. My 3 ICE vehicles in NM that take premium octane, cost less to insure than 2021 Kia Soul in Athens area of Georgia. 18-year old son partly to blame since is on GA policy but main culprit is our proximity to Atlanta Georgia so says our Agent in Watkinsville. Can only imagine what Tesla's or EQS SUV's Premium would cost @stealth.pilot ? Told the wife no more free lunch and needs to start saving up for her future transportation...lol
I will keep air in the tires and might help with insurance. Georgia taxes half my NM retirement income but at least I'm covered under her Government Health Insurance for now. I might buy a Zero Motorcycle if my balance is still good in 8-13 years. Will continue to enjoy all the pops from my Toys until I'm forced to downsize and relocate back East after 70 and old job no longer requires my part time services for contract. Hope wife transfers to DMV area in a Tax friendly location. Maybe WV or DE?
Last edited by Drone_S213; Aug 8, 2022 at 01:03 PM.
MB World Stories
The Best of Mercedes & AMG
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
10 Most Reliable Mercedes-Benz Models You Can Buy Used
Verdad Gallardo
MBWorld Fanatic!
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
Some EVs are so expensive now they should be part of the mortgage as an appliance or backup generator?
When 2020 CRV Hybrid finally dies wife's next vehicle has to be an EV. As an engineer would prefer a Hydrogen Fuel Cell vehicle but infrastructure not there yet. The way this country works as we phase out ICE the cost to charge EVs will creep up to what we used to pay for Diesel and Gasoline especially with all these incentives going away. States and Feds need to Tax charging to help pay for roads and graft. Insurance cost are also insane especially at GA residence. My 3 ICE vehicles in NM that take premium octane, cost lass to insure than 2021 Kia Soul in Athens area of Georgia. 18-year old son partly to blame since is on GA policy but main culprit is our proximity to Atlanta Georgia so says our Agent in Watkinsville. Can only imagine what Tesla's or EQS SUV's Premium would cost @stealth.pilot ? Told the wife no more free lunch and needs to start saving up for her future transportation...lol
I will keep air in the tires and might help with insurance. Georgia taxes half my NM retirement income but at least I'm covered under her Government Health Insurance for now. I might buy a Zero Motorcycle if my balance is still good in 8-13 years. Will continue to enjoy all the pops from my Toys until I'm forced to downsize and relocate back East after 70 and old job no longer requires my part time services for contract. Hope wife transfers to DMV area in a Tax friendly location. Maybe WV or DE?
When 2020 CRV Hybrid finally dies wife's next vehicle has to be an EV. As an engineer would prefer a Hydrogen Fuel Cell vehicle but infrastructure not there yet. The way this country works as we phase out ICE the cost to charge EVs will creep up to what we used to pay for Diesel and Gasoline especially with all these incentives going away. States and Feds need to Tax charging to help pay for roads and graft. Insurance cost are also insane especially at GA residence. My 3 ICE vehicles in NM that take premium octane, cost lass to insure than 2021 Kia Soul in Athens area of Georgia. 18-year old son partly to blame since is on GA policy but main culprit is our proximity to Atlanta Georgia so says our Agent in Watkinsville. Can only imagine what Tesla's or EQS SUV's Premium would cost @stealth.pilot ? Told the wife no more free lunch and needs to start saving up for her future transportation...lol
I will keep air in the tires and might help with insurance. Georgia taxes half my NM retirement income but at least I'm covered under her Government Health Insurance for now. I might buy a Zero Motorcycle if my balance is still good in 8-13 years. Will continue to enjoy all the pops from my Toys until I'm forced to downsize and relocate back East after 70 and old job no longer requires my part time services for contract. Hope wife transfers to DMV area in a Tax friendly location. Maybe WV or DE?
Junior Member
Joined: Jan 2022
Posts: 54
Likes: 16
2022 EQS 580 4matic, 2022 GLS 450
MBWorld Fanatic!
Joined: Oct 2020
Posts: 1,184
Likes: 891
From: Arizona
Bentley Continental GT; AMG GT
What state are you in? I looked at your profile, but it was not listed. Can you mention it if you don't mind?
Best,
Junior Member
Joined: Jan 2022
Posts: 54
Likes: 16
2022 EQS 580 4matic, 2022 GLS 450
Out Of Control!!
Joined: Nov 2018
Posts: 11,400
Likes: 5,324
From: San Francisco Bay Area
2019 C63CS
They indirectly do. The gas tax is tied to how much gas you use, not how many miles you drive. A car that burns more fuel and therefore pollutes more will pay more in taxes for a given distance than a more fuel efficient and less polluting car such as a hybrid. The issue is how the tax dollars are allocated. Are they used to clean up the environment or purely for road constructions or do they end up in the coffers of corrupt politicians.
Junior Member
Joined: Jan 2022
Posts: 44
Likes: 17
EQS 580
The Senate has passed the Inflation Reduction Act
https://electrek.co/2022/08/07/senat...ate-bill-ever/
This will extend the $7500 credit for EVs assembled in North America and end the current $7500 credit for all others.
If you can pick up your EQS before the house passes it and Biden signs it into law then make it happen!
I think the EQS SUV will still be eligible? Correct me if I am wrong please.
https://electrek.co/2022/08/07/senat...ate-bill-ever/
This will extend the $7500 credit for EVs assembled in North America and end the current $7500 credit for all others.
If you can pick up your EQS before the house passes it and Biden signs it into law then make it happen!
I think the EQS SUV will still be eligible? Correct me if I am wrong please.
Super Member
Joined: Nov 2021
Posts: 825
Likes: 263
From: NE KY, on the Ohio River
2018 S560; 2022 EQS450+
I get the optics, some people may feel that those who can afford spending a 100k+ On a Car in cash to buy the vehicle without a lien shouldn’t be entitled to a $7500 tax break. This may affect other cheaper Mercedes EQ models down the lineup. I do think that EV skeptics in the luxobarge category (like me previously) will be less likely to consider EQS. The tax break definitely sweetened the pot for me and cemented the decision on an EQS. Otherwise, I might have leaned toward S580 or the newer updated S8 to replace my A8.
I have an ‘18 S560 that I like very much
When the EQS was announced, I decided I wanted one, I had the $, the &7,500 credit was an added benefit that had nothing to do with my buy decision, so I bought my 450.
I’m very content.
Last edited by Newbyloub; Aug 10, 2022 at 05:58 AM.
Member
Joined: Mar 2013
Posts: 116
Likes: 38
From: NE Florida
2023 EQS 580
I was notified just today that we have an allocation for a mid November build. Car should be delivered by the end of December if we don’t run into any holds. It’s coming through Brunswick VPC. Can I get a binding purchase agreement or does the car need to be built? I hope I can get the $7500 credit.
MBWorld Fanatic!
Joined: Oct 2014
Posts: 4,524
Likes: 1,181
From: WI
17 E43; 21 GLS580
I was notified just today that we have an allocation for a mid November build. Car should be delivered by the end of December if we don’t run into any holds. It’s coming through Brunswick VPC. Can I get a binding purchase agreement or does the car need to be built? I hope I can get the $7500 credit.
Thread Starter
MBWorld Fanatic!
Joined: Aug 2009
Posts: 2,133
Likes: 265
From: NM
2023 AMG EQS
I was notified just today that we have an allocation for a mid November build. Car should be delivered by the end of December if we don’t run into any holds. It’s coming through Brunswick VPC. Can I get a binding purchase agreement or does the car need to be built? I hope I can get the $7500 credit.
Super Member
Joined: Dec 2014
Posts: 819
Likes: 184
From: New England/Florida
2005 SL 500. 2015 S550. 2016 GLE400 2018 S560
So does that mean you don’t actually have to have the car in your possession? I have a vin number and my car has been sitting at the German port for over 3 weeks waiting for a ship assignment. Talk about bad luck after waiting for over a year to get a build.
Junior Member
Joined: Jan 2022
Posts: 44
Likes: 17
EQS 580
This has some info that hopefully that maybe helpful to you to secure a "binding agreement" from your dealer, but there is no guarantee. I hope you get your credit. IMO you definitely deserve it given your wait time, the income cut offs and price limits that eliminate the EV tax credits are unfortunate.
MBWorld Fanatic!
Joined: Apr 2019
Posts: 1,564
Likes: 455
From: Scottsdale AZ
2015 CLS 550 2015 ML 400 Previous 2020 GLB 250 2019 A 220 2005 ML 350 1989 300 E 2001 SL 500
If you go ahead and pay for the car, and have a buyers order dated prior to the new law passing you should be fine.
Thread Starter
MBWorld Fanatic!
Joined: Aug 2009
Posts: 2,133
Likes: 265
From: NM
2023 AMG EQS
This is the information I read. Most seem to think that this is correct. I do not know if there is anything written anywhere to specifically confirm this belief.
Last edited by Tjdehya; Aug 11, 2022 at 08:03 PM.
Super Member
Joined: Dec 2014
Posts: 819
Likes: 184
From: New England/Florida
2005 SL 500. 2015 S550. 2016 GLE400 2018 S560
Member
Joined: Mar 2013
Posts: 116
Likes: 38
From: NE Florida
2023 EQS 580
Thanks. I forwarded this to my SA. I’m going to discuss this tomorrow. We ordered the car in January. I was starting to think it wouldn’t be made until next year. We started out at 16 and then the past two months we’ve been sitting at 3.
