The EV companies of Vinfast are coming to the US. Changes to the federal electric vehicle tax credit will make it more difficult to get a tax deduction. If your household makes more than a certain amount, you won't be eligible for the tax credit. Up to 70% of electric vehicles are not eligible for a credit.
VinFast is promising that if you have a pre-order with the manufacturer and you are no longer eligible for the tax rebate, they will give you a discount on the car.
VinFast is a brand that not only stands behind our vehicles with our 10-year/125,000-mile warranty but more importantly, we stand behind our customers, that's what the company wrote in an email to its pre-order holders. If a customer is denied a tax credit because they are not related to the customer, VinFast will give them a purchase price rebate on their VinFast vehicle purchase. There is more information in the binding agreement regarding eligibility for the rebate.
Can VinFast make EV battery subscriptions a thing?
Customers have to convert their non-binding $200 pre-order to a written contract in order to take advantage of this offer. You can try your luck with the IRS, with the current $7,500 tax credit before Congress changes the program, if you pay the $200 reservation fee. The company said the discount would kick in if it failed.
It makes sense to lower the tax rebate to $40,000 because it will make low-end EV more accessible to customers. Electric trucks that are beating sports cars on the drag strip and family saloons that are the fastest things on the road are marketing headlines. If we want to make a difference in climate change, we need to encourage as many people as possible to switch to electric as soon as possible.
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