Federal Tax credit

It was announced that the 10% Federal Tax Credit on motorcycles will be extended until the end of 2021. It was supposed to end at the end of 2020. So for those who can actually make a purchase by the end of December, you will have some additional savings.

https://electrek.co/2021/02/09/buying-an-electric-motorcycle-in-2021-just-got-cheaper-with-more-us-tax-credits/

27 comments

27 Comments

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Spies

Feb 19, 2021

I believe if H.R.848 - GREEN Act of 2021 passes in its current state it will add 3 wheeled electric vehicles back to the federal tax credit starting in 2022 with the following amendment: (b) Extension For 2- And 3-Wheeled Plug-In Electric Vehicles.—Section 30D(g)(3)(E) is amended to read as follows:

“(E) is acquired after December 31, 2021, and before January 1, 2027.”.

Spies

Feb 20, 2021

Replying to

Well it looks to be 200,000 vehicles per manufacturer before phaseout just like it is for 4-wheeled vehicles currently. From Section 30D(e)(2):

Phaseout period

For purposes of this subsection, the phaseout period is the period beginning with the second calendar quarter following the calendar quarter which includes the first date on which the number of new qualified plug-in electric drive motor vehicles manufactured by the manufacturer of the vehicle referred to in paragraph (1) sold for use in the United States after December 31, 2009, is at least 200,000.