Only one month left for tax credits on home EV chargers in US
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Only one month left for tax credits on home EV chargers in US
Filed under: EV/Plug-in, Legislation and Policy, USA
The number 13 may be considered bad fortune for the superstitious, but it's the year '14 when plug-in vehicle drivers who had been looking to get a little extra tax love from the federal government will really feel out of luck. The clock is ticking through the end of the month (and the year) on two policies aimed to spur electric-vehicle adoption. Both received one-year renewals last January as part of a budget compromise but are unlikely to get another reprieve because of ongoing contentiousness in Washington, according to Green Car Reports.
The more pressing deadline for drivers of cars like the Nissan Leaf and Tesla Model S is the one for a federal income-tax credit that provides a refund of 30 percent of the purchase and installation cost of a home-charging system, up to $1,000. The clock will also strike the proverbial 12 for a policy that provides a 10-percent incentive for buyers of electric motorcycles and three-wheeled vehicles.
Green Car Reports was kind enough to include federal tax form numbers - they're 8911 (PDF) for the charging-station incentive and 8834 (PDF) for the motorcycle one - and is directing the curious a Plug In America web page that details state-by-state plug-in vehicle incentives.Only one month left for tax credits on home EV chargers in US originally appeared on AutoblogGreen on Wed, 04 Dec 2013 07:56:00 EST. Please see our terms for use of feeds.
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The number 13 may be considered bad fortune for the superstitious, but it's the year '14 when plug-in vehicle drivers who had been looking to get a little extra tax love from the federal government will really feel out of luck. The clock is ticking through the end of the month (and the year) on two policies aimed to spur electric-vehicle adoption. Both received one-year renewals last January as part of a budget compromise but are unlikely to get another reprieve because of ongoing contentiousness in Washington, according to Green Car Reports.
The more pressing deadline for drivers of cars like the Nissan Leaf and Tesla Model S is the one for a federal income-tax credit that provides a refund of 30 percent of the purchase and installation cost of a home-charging system, up to $1,000. The clock will also strike the proverbial 12 for a policy that provides a 10-percent incentive for buyers of electric motorcycles and three-wheeled vehicles.
Green Car Reports was kind enough to include federal tax form numbers - they're 8911 (PDF) for the charging-station incentive and 8834 (PDF) for the motorcycle one - and is directing the curious a Plug In America web page that details state-by-state plug-in vehicle incentives.Only one month left for tax credits on home EV chargers in US originally appeared on AutoblogGreen on Wed, 04 Dec 2013 07:56:00 EST. Please see our terms for use of feeds.
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