Author Topic: Federal electric motorcycle credit returns  (Read 6200 times)

Richard230

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Federal electric motorcycle credit returns
« on: February 10, 2018, 08:58:23 PM »
current bikes: 2018 16.6 kWh Zero S, 2011 Royal Enfield Bullet 500 Classic, 2009 BMW F650GS, 2007 BMW R1200R, 2005 Triumph T-100 Bonneville, 2002 Yamaha FZ1 and a 1978 Honda Kick 'N Go Senior.

HadesOmega

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Re: Federal electric motorcycle credit returns
« Reply #1 on: February 13, 2018, 04:59:34 AM »
Nice I was just doing my taxes and was wondering about this =)
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HadesOmega

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Re: Federal electric motorcycle credit returns
« Reply #2 on: March 22, 2018, 06:38:06 AM »
Just FYI I was able to get the electric tax credit when I did my taxes.  It took a little bit for Turbo Tax to update because the new law passed very recently.  I go about $400 credit =)
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Richard230

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Re: Federal electric motorcycle credit returns
« Reply #3 on: December 19, 2019, 10:52:34 AM »
The U.S. Congress has (or will later this week) passed a law making the purchase of electric motorcycles and certain home charging equipment subject to a 10% tax credit of their cost during the years 2018 to 2020. This can be a decent amount of money. When I purchased my 2018 Zero in 2017, I received a check from the U.S. Treasury in the amount of $1,830.

So far, I have received a 10% tax credit (or rebate, if you prefer) for each of the five electric motorcycles that I have purchased during the past 10 years. (In addition to the $900 cash rebate from the state of California. Unfortunately, that rebate has recently been revised so that it only applies to one electric motorcycle purchase during a person's lifetime.)   :(

Here is a link to the article announcing this change in the current tax law authorizing the credit:
https://electrek.co/2019/12/18/us-extends-tax-credits-for-ev-chargers-motorcycles-fuel-cells-again-retroactively/
« Last Edit: December 19, 2019, 10:54:56 AM by Richard230 »
current bikes: 2018 16.6 kWh Zero S, 2011 Royal Enfield Bullet 500 Classic, 2009 BMW F650GS, 2007 BMW R1200R, 2005 Triumph T-100 Bonneville, 2002 Yamaha FZ1 and a 1978 Honda Kick 'N Go Senior.

Richard230

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Re: Federal electric motorcycle credit returns
« Reply #4 on: December 21, 2019, 01:19:38 PM »
I just received this email message from Zero:

Happy Holidays!

We at Zero Motorcycles have long been at the forefront of advocacy for tax incentives for electric motorcycles. Now, with the help from some of Santa
current bikes: 2018 16.6 kWh Zero S, 2011 Royal Enfield Bullet 500 Classic, 2009 BMW F650GS, 2007 BMW R1200R, 2005 Triumph T-100 Bonneville, 2002 Yamaha FZ1 and a 1978 Honda Kick 'N Go Senior.