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New Fed Budget--tax Credit For "2 Or 3 Wheel " Electric Vehicle

RUCRAYZE

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I was unfamiliar, and perhaps others, noticed in the approved budget the credit. It had expired, however it was placed back into the new budget.
Didn't know it was 2-3 wheel specific. I, as many others knew of 4 wheel EV's
(I WONDER WHY??)
highlight- me


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Plug-in Electric Drive Vehicle Credit at a Glance
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You may be eligible for a credit under Section 30D(a), if you purchased a car or truck with at least four wheels and a gross vehicle weight of less than 14,000 pounds that draws energy from a battery with at least 4 kilowatt hours and that may be recharged from an external source. You must have purchased it in or after 2010 and begun driving it in the year in which you claim the credit. The credit ranges between $2,500 and $7,500, depending on the capacity of the battery. The credit begins to phase out for a manufacturer, when that manufacturer sells 200,000 qualified vehicles.

You may be eligible for a credit under section 30D(g), if you purchased a 2- or 3-wheeled vehicle that draws energy from a battery with at least 2.5 kilowatt hours and may be recharged from an external source. You must have purchased the vehicle in 2012 or 2013 and begun using it in the year in which you claim the credit. The credit is 10% of the purchase price of the vehicle with a maximum credit of $2,500.

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Plug-In Electric Drive Vehicle Credit (IRC 30D)
 

Rickb

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The electric motorcycle tax credit program had expired some time ago. It was recently renewed as the result of a successful lobby effort by a handful of electric MC manufacturers.

Good news for those of us planning to purchase the $11,900 base SRK everyday electric if it's delivered in 2016 as hoped.
 
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