ScooteringUSA

President Obama signed the American Recovery and Reinvestment Act of 2009 on February 17 which provides additional tax credits for clean energy vehicles. This is terrific news for consumers who want to buy electric bikes, electric motorcycles, traditional motorcycles and 3 wheeled electric vehicles.

The US Department of Energy summed up this new tax credit on their website as follows: “For businesses and individuals buying electric vehicles, the act simplifies and expands the available tax credits. For electric low-speed vehicles, motorcycles, and three-wheeled vehicles, a 10% tax credit is available through 2011, with a cap of $2,500″. For more information go to the US Department of Energy website using the following link: http://apps1.eere.energy.gov/news/news_detail.cfm/news_id=12248.