Anyone following the tax credit news and progress for EVs? Looks like the first version was only for new electric vehicles from qualified manufacturers, but now S271 seems to include "kits" which I'm sure is meant for the Prius plug-in modules, but may include conversions. I'm going to meet with a lobbyist today to talk about some of this stuff, but let me know if you have further insight.<br>
Thanks,<br><br>Gary<br>ReinCarNation<br>RCN Motors, LLC<br><a href="mailto:gary@rcnmotors.com">gary@rcnmotors.com</a><br><a href="http://www.rcnmotors.com">http://www.rcnmotors.com</a><br><br>-----------<br><br><br>Senate Bailout Bill, Oct. 2008<br>
- Adds up to $7500 tax credit for new electric cars.<br><br>FREEDOM Act of 2009, bill S271<br>- Doubles the number of electric cars allowed (now 500,000) and expands beyond conventional four-wheel automobiles to include three-wheel and two-wheel vehicles, as well as low-speed neighborhood electric cars. Electric vehicles like ZAP's Alias and others would receive a tax credit equal to a percentage of the purchase price up to $4,000. <br>
<br><a href="http://www.matternetwork.com/2009/1/freedom-act-offer-plug-vehicle.cfm">http://www.matternetwork.com/2009/1/freedom-act-offer-plug-vehicle.cfm</a><br>Plug-in conversion kits would now also qualify for up to a $4000 tax credit. <br>
<br>As the bill presently reads, 'qualified' manufacturing facilities that turn out either completed plug-in vehicles and/or components for those vehicles are 100 percent deductible if placed into service before January 1,2012. Similar facilities placed in service after this date, buy prior to January 1, 2014 are eligible to claim 50% of the cost of construction.<br>
<br>Quotes:<br><a href="http://www.marketwire.com/press-release/Zap-945459.html">http://www.marketwire.com/press-release/Zap-945459.html</a><br>Starr added: "There are many smaller automakers that are making plug-in transportation today and these tax incentives would allow Americans to jump-start the adoption of electrics immediately. The Small Business Administration says up to 80 percent of new jobs in America are created by small business and 90 percent of all innovation is created by entrepreneurs. It is critical that Congress supports more automotive innovation in the US and we ask Americans to urge their Federal representative to move quickly to pass this legislation and make it go into effect immediately." <br>
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