AMP Electric Vehicles announced it has been qualified by the IRS for the federal tax credit.
The timing of AMP’s qualifying for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers, “couldn’t be better,” said Jim Taylor, AMP CEO. “Given the recent increase in gas prices and the low operating cost of an EV, more buyers are turning their attention to EV alternatives.”
Many states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase.
“After the tax credit, an AMP EV buyer can drive an all-electric SUV for as little as $49,900, a very competitive price for an EV,” said Dana Hackney, owner of AMP of Cincinnati dealership.
AMP is taking reservations for their all-electric vehicles at it website at http://ampelectricvehicles.com.