The current $7,500 tax credit would be unavailable should Congress pass the Inflation Reduction Act of 2022 and President Biden signs the legislation into law. The current $7,500 tax credit would be unavailable should Congress pass the Inflation Reduction Act of 2022 and President Biden signs the legislation into law. Therefore, we acted swiftly and proactively to protect access to existing tax credits for qualifying Fisker Ocean buyers should the Inflation Reduction Act become law. This ordering system remains in effect until The Inflation Reduction Act is passed and signed into law. Reservation holders should consult with a tax professional to determine eligibility for any federal tax credit and do not rely upon such tax credit when making a purchase decision.

Source: Forbes August 07, 2022 17:19 UTC