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Re: Tax credit? (was:RE: (ET) Think Spring)
- Subject: Re: Tax credit? (was:RE: (ET) Think Spring)
- From: "David Roden (Akron OH USA)" <roden ald net>
- Date: Fri, 7 Mar 2003 13:59:52 -0500
- In-reply-to: <007201c2e4ad$bc9bd6c0$889a2e80@ecn.purdue.edu>
- References: <20030307002927.70903.qmail@web21402.mail.yahoo.com>
- Sender: owner-elec-trak cosmos phy tufts edu
On 7 Mar 2003 at 8:30, Phil Trice wrote:
> Would an electric tractor qualify as
> 'transportation'? Would a new battery pack (which I'd like, also) fall
> in the permissible deductions?
That'd be nice, wouldn't it? Unfortunately, the answers are no and no.
This deduction applies only to brand-new on-road vehicles. It's also
available only for those which have never been used as conventionally
powered vehicles. Thus, EV conversions don't qualify, unless they are
made
from gliders purchased new from a vehicle manufacturer and never run on a
public road before conversion. Good luck finding such an EV these days.
Practically speaking, these deductions are good only for the so-called
"hybrid" Hondas and Toyotas -- rather odd, since those sold in the US use
only gasoline. They use no alternate fuel at all, and no electricity.
All
their energy comes from gasoline. As the makers are at great pains to
tell
us, "you don't ever have to plug it in."
I believe the deductions are also available for natural gas fueled
vehicles,
but I'm not sure.
David Roden - Akron, Ohio, USA
1991 Solectria Force 144vac
1991 Ford Escort Green/EV 128vdc
1970 GE Elec-trak E15 36vdc
1974 Avco New Idea 36vdc
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