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

  • XCMG reveals path ahead
    September 30, 2024
    Chinese construction machinery giant XCMG has revealed the path ahead.
    Read More
  • Fuel cell vehicles promise potential
    February 18, 2015
    Automobile manufacturers are gearing up to launch new fuel cell vehicle models during 2015. Reports suggest that up to six fuel cell vehicles will be introduced in the coming year. Toyota looks set to be one of those firms offering its Mirai fuel cell vehicle, while Tata Motors may well introduce a model either under its own brand or that of its UK subsidiary Jaguar Land Rover.
    Read More
  • New driveline developments boost machine efficiency
    April 24, 2013
    Advances in transmission technology will help to optimise machine performance – writes Mike Woof. As construction machines have become more sophisticated, so have the transmission systems used in items of equipment. Advances in electronics and software in particular have allowed the development of integrated transmissions. These operate more efficiently and help optimise power delivery from an engine, boosting torque response and cutting fuel consumption and emissions at the same time. The smart electronics
    Read More
  • Innovations in power systems for industry
    September 19, 2019
    Major innovations in power systems and drivelines are offering increased efficiency and reduced emissions for the future of construction machines - Mike Woof writes
    Read More

Highlighted Content