Agreed. I havent seen a PBA, but someone in the other thread posted that is states on the first page that is it "Binding". And its in writing, so I would think it qualifies. Ill try to find the other post to have it in this thread also.
Here per Nuclianba
Yep, all bill text that has been seen has the 40% requirement taking effect immediately upon guidance being issued by secretary of transportation.
Unless Rivian lets us sign PBAs, which they need to do. Period.
I believe this author is claiming the EV tax credits from the old bill are being put into the Schumer manchin compromise bill.
Edit: it looks extremely likely this author is completely wrong.
interesting. They are literally the first ones reporting this. Will be very interesting to see if accurate, but does seem plausible.
edit: the author of the volt equity article is totally wrong and very misinformed.
This portion of the bill (senate finance committee) Is going before the parliamentarian today.
per Bloomberg (And other articles I have read that I can’t find right now): “The domestic-content provisions are especially vulnerable to being stricken, since they may be ruled as not strictly...
If you have a written binding agreement in place before the bill is signed, yes.
If not, very likely no due to battery requirements but TBD.
(Battery requirement provision still might change due to parliamentarian process but very unclear)
https://www.bloomberg.com/news/articles/2022-08-02/gop-plans-to-deploy-obscure-rule-as-weapon-against-spending-bill
One paragraph form this article:
Google title in incognito to get around paywall:
GOP Plans to Deploy Obscure Rule as Weapon Against Spending Bill
Ok, interesting- didn’t know they were non binding.
Time for a revision to make them binding with a TEN (!!) dollar penalty if either party breaches the agreement.
Huh, I dont read it that way.
”Except as provided in paragraphs 2,3,4 and 5, the charges made by this section (which removes the old credit and imposes new requirements) apply to vehicles placed in service after 12/31/22”.
(2): Assembly in USA requirement: applies to old credit upon bill...
This is not accurate. Later in the video he talks about the transition period. (11:30). He glosses over it because the transition rule doesn’t help Tesla, since they have no current credit.
The transition rule is a major deal to every manufacturer with current tax credits.
For example, if...