% More U.S. IRS plugin-tax-credits than actual sales %

http://www.greencarreports.com/news/1096629_irs-electric-car-tax-credits-reporting-discrepancies-remain
IRS Electric-Car Tax Credits: Reporting Discrepancies Remain
By John Voelcker  Feb 4, 2015

[images  
http://images.thecarconnection.com/lrg/manufacturers-with-vehicles-eligible-for-plug-in-electric-vehicle-purchase-tax-credit-irs-nov-2014_100499337_l.jpg
Manufacturers with vehicles eligible for plug-in electric vehicle purchase
tax credit, IRS, Nov 2014
...
http://www.irs.gov/Businesses/Qualified-Vehicles-Acquired-after-12-31-2009

http://images.thecarconnection.com/lrg/sales-of-vehicles-qualifying-for-plug-in-electric-car-purchase-tax-credit-irs-nov-2014_100499338_l.jpg
Sales of vehicles qualifying for plug-in electric car purchase tax credit,
IRS, Nov 2014
...
http://www.irs.gov/Businesses/IRC-30D-Plug-In-Electric-Drive-Motor-Vehicle-Credit-Quarterly-Sales
]

[image] 2015 Ford Focus Electric
As U.S. taxpayers start to grapple with their income-tax filings, due April
15, tens of thousands of taxpayers will benefit from a Federal income-tax
credit of $2,500 to $7,500 offered to buyers of plug-in electric cars.

Enacted in 2009, it was intended to spur the early sales of such cars whose
prices remain higher than those of their gasoline equivalents.

With more than 285,000 battery-electric and plug-in hybrid cars on U.S.
roads today, that credit likely helped cut the cost of a majority of them.

[image] 2014 Chevrolet Volt [pih]
But the credit starts to sunset for each carmaker when it reaches a total of
200,000 plug-in cars sold.

To help buyers understand how many vehicles remain eligible for the credit,
the IRS offers a report showing the vehicles that qualify, and other one
showing how many were sold for each maker.

As AutoblogGreen noted last September, that page had numerous problems with
missing makers and strange totals. In many cases, it conflicted directly
with publicly-available sales data for electric cars, which is widely
reported here and by numerous other outlets.

Eligible vehicles: largely accurate

So has the situation improved? Is the IRS page any more accurate? The short
answer is yes and no.

Autoblog's piece was written on September 18, and the page had then last
been updated on September 2. It now shows the last update as of November 17,
last year.

There are now 25 separate manufacturers listed, including both carmakers and
those that sell medium- and heavy-duty commercial vehicles, on the
qualifying vehicle list.

That list seems largely accurate, but there are still some oddities. The
Honda page, for instance, lists only the Accord Plug-In Hybrid, but not the
Fit EV (which has sold more than double the number).

And the Kia Soul EV, which went on sale in October, is not listed (although
the Porsche Cayenne S E-Hybrid, which started sales only in November, is).

Number sold: still perplexing

The vehicle-sales total page, however, remains perplexing.

As Autoblog noted, this could be a problem of reporting on the carmaker side
or challenges in keeping the page updated on the part of the IRS.

But numerous concerns remain.

More than two dozen different models of plug-in passenger vehicles have now
been sold since 2009 and are eligible for the credits. But only seven are
listed as having been sold in 2014.

That's up from the five reported by Autoblog, but it's still missing data
for every maker except for Ford, Mercedes-Benz, and Nissan.

Which is to say, BMW, Fiat Chrysler, General Motors (Cadillac, Chevrolet),
Honda, Mitsubishi, Toyota, and VW Group (Porsche, Volkswagen).

A rough scan of the Nissan sales totals shows that they are lower than the
total reported deliveries of the same cars, which makes sense: Not every
buyer is able to claim the tax credit.

More credits than sales?

The most glaring oddity, however, is the total sales reported for the three
qualifying Ford products: the Focus Electric, C-Max Energi, and Fusion
Energi.

In 2012, the IRS shows 4,101 of those vehicles cumulatively sold. Yet Ford's
own reports say it delivered 2,374 C-Max Energis and 685 Focus Electrics
that year, for a total of 3,059.

The 2013 total of 20,409 Fords similarly exceeds Ford's reported total of
14,981, made up of 7,154 C-Max Energis, 6,089 Fusion Energis, and 1,738
Focus Electrics.

We might suggest that the IRS may wish to do two things: First, contact Ford
to ask about those apparent discrepancies, and second, reach out to the
other seven automakers whose totals are not shown on the November report.

It may be that the data exists within the vast IRS apparatus, and this is
just a lag in posting it publicly--which as online publishers we have some
sympathy for.

Nevertheless, over to you IRS--and Ford too, for that matter.
[© greencarreports.com]




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