Electric Vehicle Credit – Credit Eligibility For Plug-In Electric Drive Vehicles
This electric vehicle credit applies to qualified plug in electric drive vehicles, including passenger vehicles or light trucks purchased or leased after December 31, 2009.
The minimum amount for qualified vehicles is $2,500. If you are eligible, you may receive a electric vehicle credit equal to $7,500 (the amount of the credit is calculated depending on battery capacity).
Claim For This Credit In A Timely Manner! The credit Phases Out After 200,000 Eligible Vehicles
The amount of electric vehicle credit initially provided will be reduced after the manufacturer has sold 200,000 qualifying vehicles.
Tax News Updates:
Cleantech Firms Paying the Price for Subsidies
A maker of electric-vehicle batteries that received a federal grant to build a factory in Indiana is reorganizing via bankruptcy, wiping out the equity of its original investors. Meanwhile, the US International Trade Commission may be on the verge of ...
GM Reveals Dismal Volt Sales in January
Electric vehicle enthusiasts (and critics) are keeping a close eye on sales of GM's Volt this year to get a sense of whether electric vehicles will really finally catch on. GM has said that it hopes to sell 30000 Volts in 2012, which would mean selling ...
Rep. Lundgren proposes $1 billion prize to oil addicting automakers
Not all Californians are looking forward to electric vehicles, some are Congressmen who propose legislation whose result would be to keep us addicted to oil. Yesterday Rep. Dan Lungren (R-CA) proposed HR 3872, the E Prize Act of 2012, which offers a $1 ...
Update on Chevy Volt Hearing
36) proposes to “transform the existing $7500 tax credit for electric vehicles into a rebate that will be available to all consumers immediately at the point of sale.” They don't call it “Government Motors” for nothing. Although the company is paying ...
