Federal Tax Credit

I’m trying to understand how this tax credit works from people with first hand experience. Does it only work if you buy the car AFTER the tax credit is approved or in affect?

I’m looking to buying a M3 SR+ this year, but I’m afraid that if I don’t plan this right, I could miss out on this possible tax credit. Is possible to buy the car now and redeem the credit if/once it’s available to redeem?

submitted by /u/one_anonymous_dingo
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