Government Tax Credit Extension for 2-Wheel Electric Vehicles Promises Growth for Brammo and Jobs Locally
ASHLAND, OR--Jan. 2, 2013: Brammo, Inc., a leading developer of electric vehicle technology and manufacturer of two-wheel electric vehicles, is delighted by the news from Washington D.C. that the federal tax credit for electric motorcycles and other two and three-wheeled vehicles has been extended through 2012 and 2013. With this extension, electric motorcycle enthusiasts will continue to receive personal tax incentives when purchasing the Enertia Plus, Empulse and Empulse R models.
The provision, passed late last night along with other fiscal reforms, extends the federal tax credit for two and three-wheeled electric plug-in vehicles for two years. This tax credit can cover up to 10% of the vehicle's cost or a maximum of $2,500.
Brammo sends particular thanks to U.S. Rep. Greg Walden (R-Ore.) whom offered the amendment, and Sen. Ron Wyden (D-Ore.) who strongly supported the tax credit despite the difficult environment in the House. Additional support from U.S. Sen. Jeff Merkley (D-Ore.) not only for electric vehicles, but for sustainability and clean energy initiatives overall, will continue to help drive Oregon as a leader of green and clean legislation.
"This bi-partisan work and cooperation results in jobs and support for companies like Brammo," said Craig Bramscher, CEO of Brammo. "We are excited for what this means for electric vehicles and the electric motorcycle industry, which will make these 'vehicles of the future' more accessible to all consumers."