I received this email from Subaru today concerning the Federal Tax Credit:
As a Solterra customer, we want to provide you with an update, particularly given the passage of the Inflation Reduction Act (IRA) by the U.S. Congress last week.
This bill includes significant changes to the $7,500 EV tax credit. Immediately upon the President’s enactment of this legislation (expected soon), EVs assembled outside of North America, including the Solterra, will no longer qualify for the tax credit.
The Act includes a transition period that may provide a limited-time opportunity for Solterra customers to qualify for the current $7,500 tax credit. More specifically, customers who have “entered into a written binding contract to purchase” prior to the date of enactment may still qualify for the $7,500 tax credit. As the President is expected to sign the bill into law soon, we wanted to share this information with you. Please be sure to consult with your tax advisor before making any decisions based on this new law or the availability of the tax credit.
We will provide an update when we receive more information regarding the applicability of the $7,500 tax credit.
In addition, you may be aware we have not yet been able to deliver any Solterra vehicles to Subaru retailers because of a recall involving the wheel’s lug bolt. Please know every effort is being made to resolve this issue as quickly as possible, but at the same time we will not sell a car that doesn’t meet Subaru standards. We are committed to providing a safe and reliable vehicle. Nothing is more important to us.
We apologize for the delays we have encountered with the Solterra, but we’re determined to provide a Subaru-level vehicle to you.
As soon as we have new information available about the lug bolt issue, we will share it with you."
Thank you for your patience,
Your Friends at Subaru