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

  • Kansas road and bridge funding will help develop economy
    March 24, 2017
    A new report by the American Road & Transportation Builders Association’s (ARTBA) identifies the economic gains from road development in Kansas.
    Read More
  • Saving lives, funding roads the focus of IRF – RA Regional Conference in Sydney in May
    April 8, 2015
    Road safety, funding and financing will be among the key issues on the table at the inaugural IRF - Roads Australia Regional Conference for Asia and Australasia, to be held in Sydney from May 4th - 6th, 2015. The Conference coincides with UN Global Road Safety Week, with safer roads, worksites and driver behaviour being a central focus of discussions. Speakers from across the Asia Pacific are expected to share learnings and experiences in tackling regional road safety and the challenges and opportunities fo
    Read More
  • Low emissions vehicles only for central London
    March 26, 2015
    UK capital London is taking further steps to reduce pollution with the introduction of an Ultra Low Emission Zone (ULEZ). This will be introduced in central London in 2020 and is intended to improve air quality across the city.
    Read More
  • Chinese demand for EVs is growing
    June 14, 2016
    Demand for electric vehicles (EVs) is growing in China. A report from the Shanghai Daily said that data from the China Association of Automobile Manufacturers showed EV sales reached 90,000 units, 131% higher in January-April 2016 than for the same period in the previous year. Demand for EVs is particularly strong in the major Chinese cities. Vehicle buyers in Beijing have to submit a request for a vehicle registration. Official data shows that applications for EV registrations reached 17,600, an increase o
    Read More

Highlighted Content