Feb 12, 2018

USA retroactively extends tax credits for e-mobility

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The U.S. Congress has voted to retroactively extend tax credits for EV charging infrastructure, fuel cell vehicles and electric motorcycles through the end of 2017. Anyone who had invested in such vehicles or installation can qualify for these rebates on their upcoming tax return.

When thinking of EV subsidies in the States, the 7,500 dollar federal tax credit for buying an electric car first springs to mind. But here are other incentives available.

These include the newly-extended 30% rebate (up to 1,000 dollars) for costs for the installation of an EV charging station, a 10% credit (up to 2,500 dollars) on 2- or 3-wheeled electric vehicles such as electric motorcycles or trikes, and a 4,000 dollar credit for fuel cell vehicles.

These incentives had expired at the end of 2016, and were extended retroactively through the end of 2017 only now. Tax payers can claim some money back on their tax return. However, those wanting to buy an electric motorcycle or fuel cell vehicle or install their own EV charging station this year, will have to wait for their tax credit. The Senate has not yet decided if said incentives will be extended throughout 2018 as well.

The 7,500 dollar rebate for electric cars remains in place unchanged and is still set to a limit of 200,000 cars per manufacturer, before it gradually phases out until mid-2020.

electrek.co, congress.gov (Congress bill)




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Found on electrive.com
https://www.electrive.com/2018/02/12/usa-retroactively-extends-tax-credits-e-mobility/
12.02.2018 12:56