2016 Zero Motorcycles Eligible for 10% Federal Tax Credit
http://cleantechnica.com/2015/12/21/electric-motorcycles-have-a-tax-credit-again/ Electric Motorcycles Have A Tax Credit Again! December 21st, 2015 Steve Hanley [image http://www.gas2.org/wp-content/uploads/2013/02/zero-motorcycles.jpg ] Zero Motorcycles eligible for federal tax credit As part of a mammoth $1.1 trillion dollar spending package approved by Congress last week, a federal tax credit for electric motorcycles that expired at the end of 2013 has been reinstated. The new law authorizes a federal tax credit equal to 10% of the purchase price of a qualifying plug-in two- or three-wheel vehicle, provided it has a top speed of at least 45 mph and a 4 kWh battery or larger. The maximum credit is capped at $2,500. The credit will apply retroactively to all purchases of a qualifying vehicle since January 1, 2015, and to any new purchases until the end of 2016. The provision was inserted into the law after a coalition spearheaded by Zero Motorcycles and Plug In America lobbied Congress to revive the expired credit as a means of helping create “green” jobs and promote zero-emissions vehicles in America. They were joined in their efforts by several other electric vehicle manufacturers and their customers. According to a Zero Motorcycles press release quoted by Inside EVs, “Standing together with companies coast-to-coast, the coalition rallied Congress to take action and expand green jobs in this exciting and emerging industry. Zero Motorcycles dealers, customers and fans weighed in as well, urging Congress to support the extension of the plug-in tax credits.” Zero CEO Richard Walker said, “Tax credits for electric motorcycles are not only an effective way to create jobs, they are also an investment in clean energy technology. We think that America can and should lead the world in electric motorcycle technology. The electric motorcycle industry is rapidly responding to our country’s need for affordable and environmentally responsible transportation. We’re naturally excited to combine our passion for motorcycles with something that benefits everyone.” The tax credit should provide a welcome boost to the US electric motorcycle market. Companies like Zero Motorcycles are bringing more and more new models to market and riders are beginning to discover how much fun riding an electric bike can be. [© cleantechnica.com] http://www.motorcycle-usa.com/2015/12/article/2016-zero-motorcycles-eligible-for-10-federal-tax-credit/ 2016 Zero Motorcycles Eligible for 10% Federal Tax Credit December 18, 2015 [image http://www.motorcycle-usa.com/wp-content/uploads/2015/11/Zero-DSR-2016.jpg?378220 Zero Motorcycles will launch the DSR model alongside the rest of the 2016 Zero models during the upcoming EICMA show ] ... [© motorcycle-usa.com] ... http://ecomento.com/2015/12/22/federal-tax-credit-for-electric-motorcycles-restored/ Federal tax credit for electric motorcycles restored December 22, 2015 Among its many provisions was one that reinstates the federal tax credit for qualifying two and three wheeled vehicles powered by electricity ... http://www.bizjournals.com/prnewswire/press_releases/2015/12/18/LA85608 Zero Motorcycles Helps Deliver Tax Credits For Electric Motorcycles Dec. 18, 2015 PR Newswire Electric Motorcycles Again Eligible for 10% Federal Tax Credit SANTA CRUZ, Calif., Dec. 18, 2015 /PRNewswire/ -- Zero Motorcycles, the global leader in the electric motorcycle industry, today announced that the company's complete 2016 model line of electric motorcycles will again be eligible for a 10 percent federal tax credit for plug-in vehicles. The tax credit was included in the "last minute" tax extenders bill approved by Congress on Friday and signed into law by President Obama that afternoon. Zero Motorcycles took the lead in working with Plug-In America and a coalition of other electric motorcycle companies to ensure the plug-in tax credit would be extended and include electric motorcycles. Standing together with companies coast-to-coast, the coalition rallied Congress to take action and expand green jobs in this exciting and emerging industry. Zero Motorcycles dealers, customers and fans weighed in as well, urging Congress to support the extension of the plug-in tax credits. "Tax credits for electric motorcycles are not only an effective way to create jobs, they are also an investment in clean energy technology. We think that America can and should lead the world in electric motorcycle technology," said Richard Walker, CEO of Zero Motorcycles. "The electric motorcycle industry is rapidly responding to our country's need for affordable and environmentally responsible transportation. We're naturally excited to combine our passion for motorcycles with something that benefits everyone." After many months of consistent work with Congress, two major plug-in tax credits, including the 2-3 wheeled plug-in tax credit which had expired at the end of 2013, were extended as part of the final tax extenders legislation signed by President Obama. The signed bill includes the following provisions: Extends the EV infrastructure tax credit from the beginning of 2015 until the end of 2016. In the case of the 2-3 wheeled plug-in tax credit, this covers 10 percent of the purchase price, up to $2,500 maximum, and applies only to vehicles capable of over 45 mph and with a 4 kilowatt-hour or larger battery pack. The 2016 Zero S, Zero SR, Zero DS, Zero DSR, Zero FX and Zero FXS all qualify for the incentive. These tax credits are retroactive and apply to electric motorcycles and EV chargers purchased in 2015. All new Zero models purchased in 2015 or 2016 are eligible for the tax credits. Consumers are encouraged to speak with an authorized Zero Dealer to obtain more information about this federal tax credit. About Zero Motorcycles ... www.zeromotorcycles.com/press ... To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/zero-motorcycles-helps-deliver-tax-credits-for-electric-motorcycles-300195475.html SOURCE Zero Motorcycles [© bizjournals.com] For EVLN EV-newswire posts use: http://evdl.org/evln/ {brucedp.150m.com} -- View this message in context: http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-Electric-Motorcycles-Have-A-Purchase-Tax-Credit-Again-tp4679317.html Sent from the Electric Vehicle Discussion List mailing list archive at Nabble.com. _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org Read EVAngel's EV News at http://evdl.org/evln/ Please discuss EV drag racing at NEDRA (http://groups.yahoo.com/group/NEDRA)
