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

  • Solutions to road user charging
    April 11, 2012
    In this second of a two-part article, Jack Opiola, demonstrates that the imposition of a government provided GPS mandate to levy mileage tax could be eliminated by offering motorists transparent choices regarding their manner of compliance. The key to a mileage tax system without a GPS mandate is through offering motorists choices. Most motorists are consumers who are comfortable with selecting products and services from among options available in the marketplace. A mileage tax can be built upon this reali
    Read More
  • Solutions to road user charging
    February 28, 2012
    In this second of a two-part article, Jack Opiola, demonstrates that the imposition of a government provided GPS mandate to levy mileage tax could be eliminated by offering motorists transparent choices regarding their manner of compliance. The key to a mileage tax system without a GPS mandate is through offering motorists choices. Most motorists are consumers who are comfortable with selecting products and services from among options available in the marketplace. A mileage tax can be built upon this realit
    Read More
  • Future driveline trends for vehicles
    July 2, 2015
    Future vehicles will no longer rely on power from internal combustion engines as the supply of oil dwindles and as climate change issues force a reduction in carbon dioxide emissions. According to a report from IDTechEx, there are three major technological trends for vehicles that are becoming increasingly important. These trends are shaping the development of new vehicles, targeting them at specific customer types and also the applications for these vehicles.
    Read More
  • Engine innovations unveiled
    August 24, 2023
    The recent CONEXPO-CON/Agg exhibition in Las Vegas saw major engine firms unveiling innovative new technologies
    Read More

Highlighted Content