Tax Time: U.S. Extends EVSE, Motorcycle & FCVs Credits Through End Of 2017

FEB 10 2018 BY MARK KANE 11

It’s high time to think those taxes for the past year (2017) and to make sure to grab some tax credits that were recently, and unexpectedly, retroactively extended.

Zero Motorcycles

Congress decided to extend some EV-related tax credits (for charging stations, electric motorcycles and hydrogen fuel cell cars) that had expired on December 31, 2016. The new date is December 31, 2017. So, in other words, those who made a qualifying purchase this past year can get an unexpected reward.

The tax credit for charging stations (EVSE) is 30% (up to $1,000), while for electric motorcycles its 10% (up to $2,500). Hydrogen cars are eligible for up to $8,000.

Note that the extension is only retroactive. For right now it does not include the year 2018. However, we do expect more extensions at some point in the future, but without an official announcement you can’t count on it for now.

The basic $7,500 tax credit for plug-in electric cars (depending on battery capacity) remains in place for manufacturers that haven’t exceeded 200,000 plug-in car sales (no manufacturers has yet), which triggers the phase-out stage.

Alternative Fuel Infrastructure Tax Credit

Qualified Two-Wheeled Plug-In Electric Drive Motor Vehicle Tax Credit

Fuel Cell Motor Vehicle Tax Credit

Info:

Categories: Bikes, Charging

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11 Comments on "Tax Time: U.S. Extends EVSE, Motorcycle & FCVs Credits Through End Of 2017"

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Bill Howland
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Bill Howland

Very very cool. While commenters such as zzzzzzz will be happy with the Fuel Cell credit, I’ll happily take 30% off the price of the 2 EVSE’s I bought in 2017, in addition to the credit I took in 2011. Thanks H of R.

John
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John

WINNING!

Tesla Investors
Guest

Bummer! If I knew that, I’d have leased or bought the Mirai!
What a joke. Tell everyone there was a party after it is over!

Mister G
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Mister G

I wonder if fossil fuel mafia and nuclear mafia got there tax credits too?

Troy
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Troy

retroactive now-expired tax credits.

we’ve got a bunch of Einsteins in DC, I’ll tell ya

energymatters
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energymatters

Bring back the 1603 refundable credits so that more people can actually benefit. Tax crefdits only wrthwhile if you have enough taxable income to use them. Nice for show, little to go.

When the Stimulus in 2009 used Sect 1603 for Solar and Wind we saw a huge boost in solar installs and employment as it allowed more people to actually utilize the credits and reduced the bite of the “Tax Equity” providers.

Nelson
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Nelson

TuboTax Deluxe does not know the credit was extended.

NPNS! SBF!
Volt#671 + BoltEV

EVShopper
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EVShopper

They often do updates to the software. Maybe contact their support line.

jim stack
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jim stack

FOOL CELLS get $8K? %$*)((^%@##$@@#

The tax credit for charging stations (EVSE) is 30% (up to $1,000), while for electric motorcycles its 10% (up to $2,500). Hydrogen cars are eligible for up to $8,000.

wavelet
Guest
wavelet

A retroactive incentive is one of the most stupid concepts I can think of… People who’ve already bought the motorcycle / EVSE / Mirai (just kidding about the last item) did so fully knowing there will likely not be a tax credit.

This means the credit wasn’t a factor in their buying decision, and so by definition didn’t serve as an incentive. It’s simply an after-the-fact subsidy. Why waste that money on those purchasers, instead of earmarking it for future purchases?

Cullen
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Cullen

The H&R Block tax software also did not ask about this credit. I’ll give them a call about an update. I’ve already filed but would certainly send an amended return to recoup 30% on my EVSE and the cost to run my 220V line.