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

  • Volvo CE’s electric quarry operation commences trials
    August 29, 2018
    Volvo CE is commencing operations of its low emission quarrying operation in Sweden. The facility has a strong focus on electric machines, with diesel-electric hybrid equipment also being used. According to the firm, this is a world first for a quarry facility that can be run almost 'emission-free'. Volvo CE and its customer Skanska have now commenced testing the viability of the Electric Site concept at Skanska’s Vikan Kross quarry, located near Gothenburg in Sweden. The production system at the site
    Read More
  • Engine firms delivering innovative solutions for reducing emissions and fuel consumption
    January 6, 2017
    Solutions for Tier 4 Final emissions regulations dominated Conexpo 2014, with many firms showing off their options of DOC, DPF and SCR after-treatments. Deutz, while staying with an SCR-only solution, took a more unusual approach on its high horsepower V6 12litre and V8 16litre engines. Both get a dual SCR after treatment system to meet Tier 4 Final emission standards.
    Read More
  • Engine firms delivering innovative solutions for reducing emissions and fuel consumption
    March 8, 2014
    Solutions for Tier 4 Final emissions regulations dominated Conexpo 2014, with many firms showing off their options of DOC, DPF and SCR after-treatments. Deutz, while staying with an SCR-only solution, took a more unusual approach on its high horsepower V6 12litre and V8 16litre engines. Both get a dual SCR after treatment system to meet Tier 4 Final emission standards.
    Read More
  • Versatile machines offer improved efficiency
    April 28, 2015
    An array of versatile new machines from different segments is available for the rental sector - Mike Woof writes The rental machine market continues to develop in many countries around the world. Equipment rental has a long history in the UK and the US and in more recent years has developed well in France also, while other countries are also benefiting from growth in this sector. As with other machines, equipment for the European and US rental sector now has to meet tough exhaust and noise emissions legi
    Read More

Highlighted Content