Yes but the new method transfers the tax credit to the dealer, who then gives you a discount off the purchase price. Seems possible that the purchaser income limit wouldn't apply when it's the dealer taking the credit. All the articles I've seen say we're still waiting for complete IRS guidance though.
Re:Tesla Cybertruck Pricing and Specs
by JumpCrisscross on Thursday November 30, 2023 @06:49PM
(#38480943)
> possible that the purchaser income limit wouldn't apply when it's the dealer taking the credit
The credit changes when you get the cash, not its eligibility [1]. If the dealer mistakenly gives you the credit, it will be added back--with interest and penalties--when you file. (The dealer reports it, so if someone forgets to include it in their filing it will accrue penalties and interest until the IRS gets around to collecting.)
[1] https://www.irs.gov/credits-deductions/credits-for-new-clean...
You can't claim it if you make more than "$300,000 for a household, $150,000 for an individual or $225,000 for a head of household" [1]. That describes a decent fraction of the Cybertruck's target market.
[1] https://www.npr.org/2023/01/07/1147209505/electric-car-tax-c...