Posted 12/31/15 in Articles
As part of tax bill signed into law in December 2015, a 10% federal tax credit - up to $2,500 - will now be available for two- and three-wheel electric motorcycles. The federal tax credit will be applied retroactively for all sales made from January 1, 2015 and will last until the end of 2016.
The tax credit is available on electric motorcycles and three-wheelers with a top speed of at least 45 MPH and with at least a 4 kWh battery pack.
According to a press release issued by Zero Motorcycle, the company “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.”