The Aptera Forum
Electric 3 wheelers don't currently qualify for a federal tax credit, although they did a few years ago. Hopefully the next administration can quickly change that. Some states do however give rebates for electric motocycles and autocycles. Check with your state and let us know.
Someone know of or want to put together a spreadsheet of state incentives?
I live in NJ and was bummed to hear that only 4 wheelers can get the $5K rebate here. We can get rebates for EV chargers though.
I expect that we could get the laws changed with some coordinated effort.
Only rich people need tax credits. Regular people want these “incentives“ to be directly deducted from the cost of the car at purchase.
@Tim Dean (15565) In order to have a tax liability of $7500.00 a person's taxable income would need to be about $52,000.00 - not exactly "rich" when you consider the upper income limit to be eligible for Affordable Care Act insurance tax credit is $48,000...
But I'd be all for the "credit" going to the manufacturer or dealer so long as they deducted it from the sale price of the vehicle! I'll bet more manufacturers would be on the EV bandwagon if they received a credit for every EV they sold!
@Kerbe #12705 The issue with such credits and incentives I see is that it often translates to the vendor raising their price at least by a considerable portion of such credit and/or incentive. One would think that this would allow for accessibility by the consumer, but if it simply causes the price to go up to match the incentive the end result is not benefiting those it is supposed to target and the trickle-down effect transforms into a tinkle-down effect. So, what then is the best way to bridge this gap in the most equitable manner possible?
@fanfare Darn that corporate (and individual) greed!😠
I would love to see a coordinated effort from the Aptera team and fans/ambassadors to pressure our law makers. I live in California. I will be writing some emails to our representatives. We are suppose to more EV friendly nation in coming years, so I am hopeful that the 3-wheel incentives will be back.
In California, Aptera purchasers should get at least $2250 from state incentives (items 2 and 3 in reference below) plus a possible $900 or $1000 depending on the county they live in. Also, I feel Aptera qualifies for the federal 10% tax credit up to $2500 for plug-in two-wheelers. So, living in California, one should receive at least $4750 in federal and state incentives.
Reference California Air Resource Board summarizes the Zero-Emission Motorcycle (ZEM) Incentives (note: 3-wheeler EMV Auto Solo is listed as a qualifying motorcycle): https://ww2.arb.ca.gov/zero-emission-motorcycle-incentives
10% federal tax credit up to $2500...just extended an additional year through the latest stimulus package approval
California Clean Fuel Reward (CCFR) provides up to $1500 at time of purchase - depends on battery size but even the 25kW Aptera should get the full $1500 since the EMV Auto Solo gets $1500
Clean Vehicle Rebate Program (CVRP) provides rebates of up to $750 for new ZEM...Aptera should get $750 since EMV Auto Solo gets $750
San Joaquin Valley Drive Clean Rebate Program - up to $1000
Monterey Bay Electric Vehicle Incentive Program - up to $900
@DYEE08 From what I read, the federal electric motorcycle rebate will expire at the end of this year, i.e. tonight, so the current law won't help Aptera buyers, most of which won't get their vehicles until 2022.
@Harry Parker I was reading a Bloomberg article on the approved stimulus packaged and it mentioned that the package included a 1 year extension on the federal tax incentives for plug-in electric motorcycles. I'm hoping the new administration will update the federal tax incentives for electrified vehicles (regardless of the number of wheels) to accelerate the adoption of EVs.
This a link to Tesla that provides some info by state https://www.tesla.com/support/incentives I have had Tesla on my roof for two years in Fl and only received full Fed tax credits because we paid enough fed tax. Some utility companies offer some insensitive for vehicles also.
Federally, almost, but not quite: https://afdc.energy.gov/laws/11382
"A credit is available for the purchase of a new qualified two-wheeled plug-in electric drive vehicle that draws propulsion using a traction battery that has at least 2.5 kilowatt hours (kWh) of capacity, uses an external source of energy to recharge the battery, has a gross vehicle weight rating of up to 14,000 pounds, is manufactured primarily for use on public roadways, and can drive at least 45 miles per hour. The credit is for 10% of the cost of the qualified vehicle, up to $2,500. For more information about claiming the credit, see the Internal Revenue Service (IRS) Plug-In Electric Vehicle Credit website and IRS Form 8936, which is available on the IRS Forms and Publications website. (Reference Public Law 116-260, Public Law 116-94, Public Law 115-123, Public Law 114-113, and 26 U.S. Code 30D)
Point of Contact
U.S. Internal Revenue Service
Phone: (800) 829-1040
My guess is guess Aptera would want t o get itself on this list: https://www.irs.gov/businesses/irc-30d-new-qualified-plug-in-electric-drive-motor-vehicle-credit
@fanfare Thanks, very informative.