With a new administration comes change and one of the questions consumers may be asking themselves is if the expired tax incentive on two-wheel vehicles will be renewed. On December 31, 2016, the Electric Motorcycle Federal Tax Credit expired, but consumers are left wondering if – like has been the case with the current administration, it will be renewed.
Electric vehicles (including electric motorcycles) face an uncertain future in regards to tax incentives and federal refund eligibility. With the future administration showing limited interest in existing policy, the current 10% federal tax refunds for new and used purchases expired December 31, 2016, representing up to $2,500 in lose incentives on the purchase price of a zero Motorcycle.
In addition to The Electric Motorcycle Federal Tax Credit, also known as the 2-wheeled plug-in tax credit, many states offer incentives, making the purchase of a zero even more attractive. Regardless of any one personal or political reason, there is a substantial cost benefit of riding an electric zero Motorcycle compared to its gas counterpart.
Much like TESLA has changed the public’s perception of electric-powered vehicles, so too has ZERO Motorcycles. ZERO Motorcycles produces a 100% electric powertrain motorcycles and electric motorcycles offer less pollution, greater efficiency and significantly reduce CO2 and noxious fumes emissions.
Knowing that all consumers currently shopping zero-emissions motor vehicles will be facing similar financial uncertainty heading into 2017, it’s a topic that must be discussed due to the interest electric vehicles have obtained over the last decade.