But the law includes a ?transition rule? which states any EV with a ?written binding contract to purchase? signed before the date of the law?s enactment will be able to take the old credit if the buyer so chooses, even if the car is delivered after the bill is signed. This is covered on page 393-394 of the bill. We don?t know when the bill will be signed, but it could happen within days.
(Note: this means that a buyer who signs a binding purchase agreements today can, if they choose, treat the credit as if they bought the car today, with all of the current rules for the ?old? credit ? you can?t mix and match certain rules, you either get all the provisions of the old one or of the new one)
Because of this, some EV manufacturers are offering binding purchase agreements to lock in credit availability for cars that are assembled outside North America or which run afoul of the new bill?s price cap.
