By Troy Siahaan
Zero Motorcycles today announced that its complete line of 2016 electric motorcycles will again be eligible for a 10% federal tax credit for plug-in vehicles. The tax credit was included in the “last minute” tax extenders bill approved by Congress on Friday and signed into law by President Obama that afternoon.
Two plug-in tax credits, including the 2-3 wheeled plug-in tax credit which had expired at the end of 2013, were extended as part of the final tax extenders legislation signed by President Obama. The signed bill includes the following provisions:
- Extends the EV infrastructure tax credit from the beginning of 2015 until the end of 2016.
- In the case of the 2-3 wheeled plug-in tax credit, this covers 10% of the purchase price, up to $2,500 maximum, and applies only to vehicles capable of over 45 mph and with a 4 kilowatt-hour or larger battery pack. The 2016 Zero S, Zero SR, Zero DS, Zero DSR, Zero FX and Zero FXS all qualify for the incentive.
- These tax credits are retroactive and apply to electric motorcycles and EV chargers purchased in 2015. All new Zero models purchased in 2015 or 2016 are eligible for the tax credits.
For more information, contact your local Zero dealer.