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A new plug-in conversion credit -10% of the cost of converting any motor vehicle (new or used)
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New plug-in conversion credit. A new plug-in conversion credit of 10% of the cost of converting any motor vehicle (new or used) to a qualified plug-in electric drive motor vehicle. The maximum credit is $4,000 per vehicle. This credit is claimed on Form 8910, Alternative Motor Vehicle Credit, and applies to property placed in service after February 17, 2009.



New plug-in electric vehicle credit. A new credit of 10% of the cost of a new plug-in electric vehicle can be claimed on Form 8834. The maximum credit is $2,500 per vehicle.



A qualified plug-in electric vehicle must meet the following requirements.




  • The original use of the vehicle began with you;

  • Was purchased for your use and not for resale;

  • Is made by a manufacturer;

  • Is manufactured primarily for use on public streets, roads, and highways;

  • Has a gross vehicle weight rating of less than 14,000; and

  • Is propelled to a significant extent by an electric motor which draws electricity from a battery which:

    • Has a capacity of not less than 4 kilowatt hours (2.5 kilowatt hours in the case of a vehicle with 2 or 3 wheels), and

    • Is capable of being recharged from an external source of electricity.


Generally, no credit is allowed if the vehicle is used predominantly outside the United States.


This credit applies to vehicles acquired after February 17, 2009.


New plug-in electric drive motor vehicle credit. A new plug-in electric drive motor vehicle credit can be claimed on new Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit. You may be able to claim this credit if you place in service a plug-in electric drive motor vehicle for business or personal use in tax years beginning after 2008. The amount of the credit varies depending on the battery capacity and weight limitations and ranges from $2,500 to $15,000.


A new qualified plug-in electric drive motor vehicle is a motor vehicle that:



  • The original use of the vehicle starts with you,

  • Is purchased for your use or lease and not for resale,

  • Is made by a manufacturer,

  • Is treated as a motor vehicle for purposes of title II of the Clean Air Act,

  • Has a gross vehicle weight rating of less than 14,000 pounds, and

  • Is propelled to a significant extent by an electric motor which draws electricity from a battery which:

    • Has a capacity of not less that 4 kilowatt hours, and

    • Is capable of being recharged from an external source of electricity.


Generally, no credit is allowed if the vehicle is used predominately outside the United States.


For more information, see section 30D and Notice 2009-54.

Posted on: Feb. 10, 2010 5:11pm,UTC
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Electric Car Acceptance
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MAYOR of South Miami drives an Electric Car


Steve Clunn of Green Shed Conversion is proud to announce that the newly elected MAYOR of South Miami was featured on CBS news last night driving his Electric Car converted by our shop. see: http://cbs4.com/video/?id=91355@wfor.dayport.com

Lets hope that this breaks the CURSE that seems to have befallen EV supporters running for office in the Political arena.

Audrey Martin


--
Tomorrows Ride TODAY !
Visit our shop web page at: www.Greenshedconversions.com[/font][/size]







London mayor 100,000 electric cars for capital




Boris Johnson announces commitment to making electric cars 'first choice for Londoners', pledging 20m of the GLA budget


Alok Jha
guardian.co.uk,
Wednesday 8 April 2009 17.55 BST


..."The time for simply talking about electric vehicles is over we need real action on the ground to make the electric vehicle an easy choice for Londoners," said Johnson. "I am today committing millions to install the infrastructure needed for when, in just a few years time, these vehicles become much more widely available." - - more

Posted on: May. 18, 2009 2:37pm,UTC
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