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Electric Motorcycle News / EV Motorcycle Tax Credit Returns in the US...with a catch
« on: February 11, 2018, 04:59:50 AM »
Leave it to the US congress to make laws that allow them to take credit for doing something green while totally screwing potential customers and the industry at the same time....
The US Congress retroactively extended the credit for electric motorcycles. If you purchased an electric motorcycle in 2017, it turns out you will get the EV Tax Credit of 10% up to $2500.
The bad news....this is a retroactive change AND it's only good for purchases made between December 31, 2016 through January 1, 2018. That's right.....the bill that was just passed this week is retroactively only good through January 1, 2018. I can guarantee a lot of buyers didn't buy in 2017 because they didn't think they would be getting the credit, thus the uncertainty KILLED EV motorcycle sales in 2017. If you happened to buy a bike in 2017 anyway, good news for you.
Now we are left with the same situation for 2018. Buyers are left wondering if the US Congress will once again extend the credit to include bikes purchased in 2018. Which means that sales will once again be slammed by the uncertainty.
Thanks US Congress!!
https://electrek.co/2018/02/09/ev-charging-credit-extended-2018/
https://www.congress.gov/bill/115th-congress/house-bill/1892/text?r=1#toc-H595CF07C98BE40B8B21E578B818CFC86
The US Congress retroactively extended the credit for electric motorcycles. If you purchased an electric motorcycle in 2017, it turns out you will get the EV Tax Credit of 10% up to $2500.
The bad news....this is a retroactive change AND it's only good for purchases made between December 31, 2016 through January 1, 2018. That's right.....the bill that was just passed this week is retroactively only good through January 1, 2018. I can guarantee a lot of buyers didn't buy in 2017 because they didn't think they would be getting the credit, thus the uncertainty KILLED EV motorcycle sales in 2017. If you happened to buy a bike in 2017 anyway, good news for you.
Now we are left with the same situation for 2018. Buyers are left wondering if the US Congress will once again extend the credit to include bikes purchased in 2018. Which means that sales will once again be slammed by the uncertainty.
Thanks US Congress!!
https://electrek.co/2018/02/09/ev-charging-credit-extended-2018/
https://www.congress.gov/bill/115th-congress/house-bill/1892/text?r=1#toc-H595CF07C98BE40B8B21E578B818CFC86