, the global leader in the electric motorcycle industry, today announced that the company’s complete 2016 model line of electric motorcycles will again be eligible for a 10 percent federal tax credit for plug-in vehicles. The tax credit was included in the “last minute” tax extenders bill approved by Congress on Friday and signed into law by President Obama that afternoon.
Zero Motorcycles took the lead in working with Plug-In America
and a coalition of other electric motorcycle companies to ensure the plug-in tax credit would be extended and include electric motorcycles. Standing together with companies coast-to-coast, the coalition rallied Congress to take action and expand green jobs in this exciting and emerging industry. Zero Motorcycles dealers, customers and fans weighed in as well, urging Congress to support the extension of the plug-in tax credits.
“Tax credits for electric motorcycles are not only an effective way to create jobs, they are also an investment in clean energy technology. We think that America can and should lead the world in electric motorcycle technology,” said Richard Walker, CEO of Zero Motorcycles. “The electric motorcycle industry is rapidly responding to our country’s need for affordable and environmentally responsible transportation. We’re naturally excited to combine our passion for motorcycles with something that benefits everyone.”
After many months of consistent work with Congress, two major plug-in tax credits, including the 2-3 wheeled plug-in tax credit, which had expired at the end of 2013, were extended as part of the final tax extenders legislation signed by President Obama. The signed bill includes the following provisions: