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 extends the federal tax credit for plug-in 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.
“This bi-partisan work and cooperation results in jobs and support for companies like Brammo,” said Craig Bramscher, CEO of Brammo. “It makes us proud when our elected office holders work together and 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.”
Brammo, Inc., is a leading electric vehicle technology company headquartered in North America. Brammo designs and develops electric vehicles including the Encite™, Enertia™, Empulse™ and Engage™ motorcycles. Brammo is the current TTXGP eGrandPrix champion of North America. Brammo is an OEM supplier of its innovative Brammo Digital Drivetrain™ systems including the Brammo Power™ battery pack and Brammo Power™ vehicle management system. Brammo has vehicle distribution and marketing operations in North America, Europe and Asia.