Federal Tax Benefits For Electric Vehicles

Greetings from GatorMoto Utility Vehicles & More!

Last year was a great year for federal taxpayers purchasing electric street legal vehicles.  As expected, the federal tax benefit for 2010 is still in effect, but has undergone some significant changes.  No longer is the tax benefit based on the battery traction capacity.  The credit is now simply 10% of the cost of the vehicle, not to exceed $7500.00.

GatorMoto Utility Vehicles will keep up with breaking news on any additional changes during the year.  Last year’s huge tax benefit program took effect late in the year (June, 2009), so who knows?  Maybe we’ll see some increases later in the year for owning an electric street legal vehicle.

So, visit our blog often, and visit our website (http://www.gatormotoutilityvehicles.com) for some of the lowest cost, most efficient electric vehicles in the country.