As we reported, Lucid Motors was working up a solution for customers to hopefully receive their tax credit on their Lucid Air, without having the car delivered by the end of the year, but confirming their orders in 2022.
Well, Lucid Motors has just emailed all customers with reservations with the option to confirm their order “which may maintain eligibility for Lucid customers” to be eligible for this tax credit. I note the words “may maintain eligibility.”
Note, that many of these customers will not accept their cars in 2022 and will see them come in after 2023. This is stated in the order confirmation emails customers are seeing.
The email has this header that says “Get your Lucid Air. And your tax credit.”
The email reads as follows:
This past weekend, the Senate passed the Inflation Reduction Act, which eliminates the $7,500 tax credit for sedans with an MSRP over $55,000. This means that if the bill is enacted, Lucid Air will no longer qualify for this tax credit. The House is expected to vote on the bill this Friday, August 12.
Many of you have asked what we can do to help you maintain your eligibility for this tax credit.*
The current text of the bill includes a “transition rule,” which may maintain eligibility for Lucid customers who enter into a contract to purchase their Lucid Air before the bill is signed. We’ve decided to help reservation holders take advantage of the transition rule by opening a window to place an order for their Lucid Air. This window is now open, and will remain so until 12 a.m. the morning the bill is passed, which could be as soon as this Friday.
To be completely clear, you don’t have to place an order now and your reservation will remain in place — we’re doing this to help those who want to do everything possible to maintain eligibility for the federal tax credit. If you don’t wish to place an order now, you’ll still have the opportunity to do so closer to your vehicle’s production date. Please note that placing an order now will not alter the expected delivery timelines for Touring and Pure.
However, if you decide to place an order now, please understand you’ll be entering into a contract, and your deposit will become non-refundable.
To place your order, log into your Lucid account, go to your “Designs and Orders” tab, identify the relevant reservation and click the “Order” button. A pop-up window will appear where you can again click “Confirm this order” to complete the process.
I found this email in the Lucid Owners Forum.
I do see many customers confirming their orders now online and are displayed this confirmation agreement: