NEV2
msrp = $6,995*
credit= $4,209.70
net cost= $2,785.30

NEV4
msrp = $7,995*
credit = $4,209.70
net cost = $3,785.30

CRUISER EV2
msrp= $8,495*
credit = $4,209.70
net cost = $4,285.30

CRUISER LX2
msrp = $9,995*
credit = $5,435.68
net cost = $4,559.32

CRUISER LX4
msrp = $10, 995*
credit = $5,435.68
net cost = $5,559.32

HUNTER/CRUISER 4x4
msrp = $10, 995*
credit = $5,435.68
net cost = $5,559.32

* MSRP before tax, tag and title.

Customers who are purchasing vehicles in the 2010 year, are able to take advantage of a 10% tax credit up to $2500.00 under IRC 30.

Internal Revenue Code Section 30 provides a credit for qualified plug-in electric vehicles. The credit is equal to 10 percent of the cost of a qualified plug-in electric vehicle and is limited to $2,500. Qualified vehicles may include low-speed vehicles or vehicles that have two or three wheels.

Vehicles must be acquired after February 17, 2009, and before January 1, 2012. The vehicle must be acquired for use or lease and not for resale. Additionally, the original use of the vehicle must commence with the taxpayer and the vehicle must be used predominantly in the United States.]

Notice 2009-58 provides procedures for a vehicle manufacturer to certify to the Internal Revenue Service that a vehicle of a particular make, model, and model year meets the requirements that must be satisfied to claim the new plug-in electric vehicle credit under § 30.

For more details please visit the IRS site on IRC 30




Customers who purchased a vehicle in the 2009 year are able to take advantage of the below credits:

The Emergency Economic Stabilization Act offers a tax credit for plug-in electric vehicles of $2,500 plus $417 for every kilowatt hour in excess of 4kw that were bought before December 31, 2009. The NEV2, NEV4 and CEV2 have 8.1kw capacity. Based on this formula, the tax credit can be calculated as follows:

$2,500 + ($417 x 4.1) = $4,209.70 in tax credit

But please check with your tax accountant to determine how
this credit affects you.

The information below is directly from the IRS’s Web site about the tax breaks available to people who purchase qualified plug-in electric vehicles.

Plug-in electric vehicles using certain types of batteries may qualify for a new tax credit if purchased this year, the Internal Revenue Service said today.

The Emergency Economic Stabilization Act of 2008 (EESA) and the American Recovery and Reinvestment Act of 2009 (ARRA) created two new tax credits for various types of electric vehicles, which may include what are commonly referred to as neighborhood electric vehicles.

ARRA creates a tax credit for low-speed or two- or three-wheel electric vehicles, such as motor scooters, purchased after Feb. 17, 2009, and before Jan. 1, 2012. The amount of the credit is 10 percent of the cost of the vehicle, up to a maximum credit of $2,500. To qualify, a vehicle must be either a low-speed vehicle that is propelled to a significant extent by a rechargeable battery with a capacity of at least 4 kilowatt hours or be a two- or three-wheeled vehicle that is propelled to a significant extent by a rechargeable battery with a capacity of at least 2.5 kilowatt hours.

EESA created a tax credit for vehicles that have at least four wheels and draw propulsion using a rechargeable traction battery with at least four kilowatt hours of capacity. For 2009, the minimum credit is $2,500 and the credit tops out at $7,500 to $15,000, depending on the weight of the vehicle and the capacity of the battery.

During 2009, low-speed, four-wheeled vehicles manufactured primarily for use on public streets, roads and highways (neighborhood electric vehicles) may qualify both for the EESA credit and, if purchased after February 17, 2009, for the ARRA credit for low-speed electric vehicles. A taxpayer may not claim both credits for the same vehicle. Vehicles manufactured primarily for off-road use, such as for use on a golf course, do not qualify for either credit.

The Internal Revenue Service is working on guidance regarding certification procedures for both of these credits.

Visit the IRS's Web page on plug-in electric vehicles to learn more or email us at .