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

  • Cummins sets new quarterly record
    November 6, 2023
    The US-headquartered global off-highway machine engine giant posted a 15% year-on-year revenue rise to US$8.4 billion.
    Read More
  • Road user charging, the way to highway investment?
    February 27, 2012
    Tough political decisions have to be made to ensure highway investment - *Dr Max Lay reports
    Read More
  • Road user charging, the way to highway investment?
    April 12, 2012
    Tough political decisions have to be made to ensure highway investment - *Dr Max Lay reports Our road systems and how we use them have changed dramatically over the last few centuries, and yet some problems persist and others reappear. For most of human history roads have been used by foot traffic and by cumbersome wagons hauled at walking pace. Roads were built to provide some obvious advantage in commerce or conquest. They were then grudgingly maintained by those who might gain some advantage from the
    Read More
  • New paving range
    February 8, 2012
    Several key additions to Dynapac's equipment line-up will extend the firm's machine range for the road construction market. Paving, planer and compaction lines will benefit from new machines, with president Claes Ahrengart emphasising the investment in research and development Dynapac continues to make.
    Read More

Highlighted Content