2013 Zero S

Fiscal cliff bill preserves electric motorcycle and other tax credits

A long list of tax credits due to expire at the end of 2012 did not get lost in last weeks political insanity, and several clean technology tax credits including those for electric motorcycles and electric car charging infrastructure were extended until the end of 2013.

The U.S. narrowly avoided a self inflicted recession that was to be triggered by the "Fiscal Cliff" when Congress passed an emergency bill, the American Taxpayer Relief Act of 2012. There was a long list of special tax provisions due to expire at the end of 20112, some of which were related to green energy and electric vehicles. With the extreme political wrangling, these may have gotten lost, but instead they were preserved in the bill.

The Joint Committee on Taxation published an 8-page list of details of the tax effects of the Taxpayer Relief Act. The list of preserved tax items is good news for those in support of the green energy and technology proposals of the Obama Administration.

The tax credits for 2- and 3- wheeled electric vehicles has been preserved. This covers 10 percent of the purchase price, up to $2,500 maximum, and applies only to vehicles with a 4 kilowatt-hour (or larger) battery pack that can go over 45 miles/hr. This affects Brammo and Zero Motorcycles, both of whom are selling electric motorcycles with top speeds over 100 miles/hr, as well as several smaller electric motorcycle and scooter manufacturers.

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Comments

More Stupidity!!! Nothing about this administration can possibly surprise me!
Renewable energy is stupidity? I don't THINK so! Thank you Uncle Sam for helping me afford my Zero DS!
So you couldn't buy it on your own? The least you can do is make one of my car payments as a thank you for helping you buy your bike.
Buy an e-car if you want the subsidy. This taxpayer is happier paying for clean air than for the military protection of foreign fossil fuels.
No wars are being fought over my gasoline. I live where it's made. Almost literally. The wars in the Middle East aren't about oil imports (we barely import 15% of our oil from there), they're about the Petro Dollar (aka World Reserve currency), which is what makes your subsidies possible.
For every $41 in new taxes imposed on us, they cut $1 from the budget. Fiscal responsibility at its finest.

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