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Uncle Sam Is Making It Cheaper To Buy An Electric Motorcycle In 2016
Uncle Sam Is Making It Cheaper To Buy An Electric Motorcycle In 2016-July 2024
2024-02-19 EST 22:14:15

Have your eye on one of ? You should. If so, you’ll be glad to know Congress supports your decision and wants to help make buying electric a little easier on your bank account.

The Protecting Americans from Tax Hikes (PATH) Act was just passed by Congress and signed by President Obama, which gives buyers of electric motorcycles a tax credit of 10 percent of the purchase, up to $2,500.

You can also get 30 percent back on a charger, so long as it is on a separate invoice.

The credit, which expired at the end of 2013, has been reinstated for 2016 and made retroactive for 2015. It applies to any two-wheeled vehicle that can achieve speeds of 45 mph and have at least a 4 kwh battery.

This means that the new apple of my eye, the pictured above is now $13,945 instead of $15,495 which, while still a hefty chunk of change, is a lot closer to what a KTM or similar version would be.

What electric bike would you buy?

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