In my previous post, I wrote about the two new tax credits that are in the works for plug-in electric vehicles. My problem with the IRS verbiage – you don’t just need to be a CPA to figure it out, you need to be a physicist! I did some research to bring you some examples of low-speed, four-door vehicles, and came across a great website that shows not only those vehicles, but three-door vehicles; high-speed, four-door vehicles; and concept vehicles in the making. Some of the cars would qualify for the EESA credit, others for the ARRA credit, and a couple for both (but don’t forget, you can’t actually take both!).
Personally, I wouldn’t drive the low-speed or three-door vehicles. But, I live in LA. To me, they sound like a death wish. I prefer the high-speed, four door varities, and if I could afford it, would love to purchase the new Tesla Model S when it emerges. But, I don’t think I could afford it, even after the EESA tax credit. Sigh.
Still, it’s exciting to see the government try to encourage both consumers and manufacturers to spend the hard earned cash in a better way. I know a lot of people consider this socialism, but … well, we could use a teensy bit of socialism right now, couldn’t we?
Filed under: Alternative Energy Transportation, Electric Vehicles, Tax Law
