AMP joins list of plug in electric vehicle manufacturers qualifying purchasers for US$7,500 tax credit

AMP Electric Vehicles has announced that it has been qualified by the US IRS for the federal tax credit. The company joins the list of plug-in electric drive motor vehicle manufacturers, including Ford Motor Company, General Motors Corporation, Tesla, Toyota, and 13 EV manufacturers in all, qualifying purchasers for US$7,500 tax credit when purchasing an AMP electric vehicle.
March 19, 2012 Read time: 1 min
4072 AMP Electric Vehicles has announced that it has been qualified by the US IRS for the federal tax credit. The company joins the list of plug-in electric drive motor vehicle manufacturers, including 3423 Ford Motor Company, 4070 General Motors Corporation, 4071 Tesla, 2728 Toyota, and 13 EV manufacturers in all, qualifying purchasers for US$7,500 tax credit when purchasing an AMP electric vehicle. Many states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase.

“The timing of AMP's qualifying for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers, couldn't be better," said Jim Taylor, AMP CEO. "Given the recent increase in gas prices and the low operating cost of an EV, more buyers are turning their attention to EV alternatives."

For more information on companies in this article

Related Content

  • Deciding whether to buy new or used equipment
    May 20, 2015
    Customers can face the choice of buying used or new equipment – Dan Gilkes writes. The decision to buy either new or used equipment is almost as old as the construction plant market itself. However some of the reasons for choosing between the two might well be changing, to meet new demands from customers across the world and to cope with a changing supply base. Ever more stringent emissions legislation in Europe, the US and Japan, rapidly developing emerging markets that want the productivity of the latest
    Read More
  • Are friends electric? – the drives
    October 3, 2018
    Advances in drive technology are being seen from several key firms as new generation, compact electric systems begin entering the market - Mike Woof writes Major innovations in machine systems are being seen in the construction equipment sector. Several manufacturers are hedging their bets with regard to drive technology and introducing electric drive machines, which will suit use in urban ultra-low emission zones. Wacker Neuson has developed an array of electric machines in recent years including a numbe
    Read More
  • A variety of measures will increase demand for electric vehicles
    April 2, 2013
    A wide array of measures is being used around the world to encourage customers to buy electric vehicles. Customers are still proving reluctant in many markets to buy electric vehicles, with range concerns and purchase costs amongst the key. Nissan reports that sales of its sophisticated Leaf model (developed jointly with its partner Renault) have been sluggish in Europe, despite glowing reviews in various motoring magazines. In the UK one leading thinktank, the Institute for Public Policy Research (IPPR), h
    Read More
  • VW to offer fuel sipping city car
    March 5, 2012
    The Volkswagen group has now committed itself to putting its innovative XL1 vehicle into series production.
    Read More

Highlighted Content