Taxes Wired For Electric Vehicles
As the weather begins to break, many think about updating their vehicles. The hype over the Volt, Leaf and other plug in vehicles will only intensify as new technology develops. The government is helping with generous tax credits, $7,500 towards the Volt in particular.
Certain street-legal electric golf carts can qualify for a credit of 10% of the vehicle’s cost. Although usable on
golf courses, these carts are made mainly for use on public roads with low posted speed limits. Max: $2,500.
The tax credit for the purchase of a qualifying plug-in electric vehicle continues through 2011: up to $2,500,
plus $417 for each kilowatt hour of battery capacity exceeding five hours. Maximum credit: $7,500.
Visit: The US Dept. of Energy for specific credit information… or give us a call.