AMP joins list of plug in electric vehicle manufacturers qualifying purchasers for US$7,500 tax credit

4072 AMP Electric Vehicles has announced that it has been qualified by the US IRS for the federal tax credit. The company joins the list of plug-in electric drive motor vehicle manufacturers, including 3423 Ford Motor Company, 4070 General Motors Corporation, 4071 Tesla, 2728 Toyota, and 13 EV manufacturers in all, qualifying purchasers for US$7,500 tax credit when purchasing an AMP electric vehicle. Many states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase.

“The timing of AMP's qualifying for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers, couldn't be better," said Jim Taylor, AMP CEO. "Given the recent increase in gas prices and the low operating cost of an EV, more buyers are turning their attention to EV alternatives."