Electric Motorcycle Tax Credit Expansion: Lower Purchase Costs for Two-Wheelers.
This law expands the existing federal tax credit for new clean vehicles to include electric motorcycles and scooters. Citizens purchasing qualified two-wheeled electric vehicles can now claim a substantial tax credit, making these environmentally friendly transportation options more affordable. The change aims to encourage the adoption of smaller, cleaner vehicles.
Key points
Establishes a federal tax credit for the purchase of new electric motorcycles and scooters that meet specific technical requirements.
The credit applies retroactively to vehicles acquired after December 31, 2022, potentially allowing taxpayers to claim it in current filings.
To qualify, the vehicle must be manufactured for public road use and capable of reaching speeds of 45 miles per hour or greater.
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