NEVs Helped By Stimulus Bill

The tax credit for NEVs made it into the final stimulus bill recently signed by Obama.  The tax credit is for 10% of the purchase price of the vehicle with a  maximum credit of $2,500.  Three wheel vehicles like those produced by ZAP will also be eligible.

The bill also includes $300 million for federal fleet purchases of hybrid and electric vehicles which could help NEV manufacturers. Vehicles must be replaced on a one-to-one basis, and to remove a functioning government vehicle, the hybrid or electric replacement must have an improved fuel economy at least 10-percent greater than the original. Learn more

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