Is there any status improvement in PA for those of us wishing to do
conversions?
So far it looks like the state offers nothing for us. Now, correct me
if I'm wrong about the Federal: Apparently the $2500-7500 tax credit is
only for new commercially produced EVs by major auto makers.
So, it seems that the only break we get is a 10% tax credit for
converting, and this goes thru end of 2011. The DOE website is a bit
vague about how this credit works: http://www.energy.gov/taxbreaks.htm
(CTRL-F for "conversion"). The unanswered questions include whether the
market value of the donor vehicle, cost of body work and paint job would
be included in the credit; or would only the cost of the electric
drivetrain components be included.
Even if all of that is included, still 10% is not that much of a break.
Are there any news about further incentives on the way, either federal,
or state?
Mike
If you look closely at the ARRA Feb. 2009 law, there are provisions in there for credits for conversions. I don't have a final copy and can't quote you chapter and verse, sorry. You've found about as much as there is, and it's not much. I don't know the full requirements to qualify off the top of my head. I believe the ceiling $$ limiter kicks in before you'd need to total up all the other things like paint, bodywork etc. No additional laws affecting this have been created since then, AFAIK. It's better than nothing.
Yours truly,
Ron Freund
PlugInAmerica Board
Electric Auto Association
EV+PV= near self-sufficiency in energy!
-
Mike
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-----Original Message-----
From: char...@googlegroups.com [mailto:char...@googlegroups.com] On Behalf Of Michael J. Baysek
Sent: Friday, July 30, 2010 9:32 AM
To: char...@googlegroups.com
Subject: [ChargeCar] Tax Incentives for EV Conversions
Mike
best
illah
Ron
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best,
illah
Ron Gaydos
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illah
Ron Gaydos wrote:
> Illah,
>
> I'm on a project investigating tech transfer and other aspects of
> technology based economic development. Could I buy you coffee in the
> next week or two so you can tell me all of the remarkable parts of it
> (things that work and things that don't)? I'm looking for models.
>
> Thanks,
>
> Ron
>
> *Ron Gaydos*
>
> *|||///|||\\\|||///|||\\\|||///|||\\\*
>
> *LinkedIn.com/in/RonGaydos*
>
> *Twitter.com/RGaydos*
>
> *Skype: ron.gaydos*
>
> *412-606-1607*