Free electric car(t)!

[wtmusic]

"There has been talk of free neighborhood electric vehicles (NEVs) before, but Drive Electric is turning up the promotional hype. The company is selling golf carts for the sale price of $6,496.53. Why that amount? Because there is a federal tax credit available for these EVs worth, look at that, $6,496.53. The credit runs out at the end of the year.

The golf carts that Drive Electric sells are classified as NEVs, and so are street legal on roads with speed limits under 35 mph. Other companies will sell similarly qualified vehicles, but might not be pricing their vehicles to match the value of the tax credit. We'll repeat Drive Electric's statement that nothing here should be considered to be tax advice and we recommend people should talk with their tax advisor before trying to get a car for free."

http://green.autoblog.com/2009/12/21/free-electric-car/

[Dover]

1. Anyone familiar with that tax credit that has used it?

Here it is:

http://www.electricdrive.org/index.php?ht=d/sp/i/11032/pid/11032

[wtmusic]

2. I used it for tax year 2008

A little hard to know whether it will fly or not on my electric conversion. My accountant, who used to be an IRS auditor, seemed to think there would be no problem.

[tinrobot]

3. Would it apply to conversion upgrades?

I have an MGB that's already been converted to electric. I'm pondering upgrading the batteries to lithium. Wonder if the tax break would apply.

[wtmusic]

5. Hmm don't know

Definitely worth asking a tax pro about...keep us posted

[madokie]

4. I'm going to check in on that tomorrow

That would fit most all my personal driving

Thanks for the reminder, this time I hope I remember to follow through.

[Terry in Austin]

6. Texas just raised the limit

New law allows NEV's to drive on roads posted at 45 mph or less.

Now for that GEM http://www.ride-4-fun.com/frequently-asked-questions.html#Why%20won%27t%20a%20GEM%20car%20with%20the%20GEM%207HP%20motor%20go%20faster%20than%2025%20or%20Why%20can%27t%20the%20GEM%207HP%20be%20programmed?">speed-up mod...