Electric Car Tax Credit: How Fairway Golf Carts Can Save You Money

As per the January 3, 2008 stimulus bill, electric car buyers nationwide will now be able to take advantage of a significant tax credit when they purchase their vehicle. At Fairway Golf Carts, our low-speed electric vehicles qualify you for this credit, letting you save up to $7500! This electric car tax credit includes a base amount of $2,500 for the vehicle, plus $417 for each battery kilowatt hour over 4 hours. For electric vehicles in the weight class of Tomberlin’s Anvil, the total tax credit amount may not exceed $7500.

As with all great deals, this tax credit has a term limit to it. After 250,000 of these vehicles have been purchased in the US, it will only be available for the remainder of that quarter of the year. This means that if the 250,000 limit is reached in the first quarter of the year, then the tax credit will not be available in the second. In addition, the credit is only available to those who purchase their electric car before December 31, 2009. Don’t hesitate to take advantage of this money-saving bonus! Call or e-mail Fairway Golf Carts today for more information on the stimulus bill’s electric car tax credit, and to learn more about our low speed electric vehicles such as the Tomberlin Anvil.

Click here to see the 2008 Economic Stimulus Bill, which lists out the electric car tax credit information. See Sec. 30D.

The above article is for informational purposes only. Please consult your tax advisor before any purchase and for further information.