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Published on December 5th, 2013 | by Nicholas Brown

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Still Pondering A Home EV Charging Station? (Or Electric Motorcycle?) If So, Hurry!

December 5th, 2013 by  


You may be pondering whether or not it is worth it for you to purchase an electric vehicle (EV) charging station — it could be a significant investment, especially if it is a fast charger. However, if you are still ruminating, you need to think fast, because the tax credit for these devices ends on December 31.

A Chevrolet Spark EV recharges at the DC Fast Charger at Fashion Valley Mall Saturday, September 28, 2013 in San Diego, California. The SAE International DC “Combo” Fast Charge station is the first public installation of an industry-coordinated standard in the US for fast charging of plug-in electric vehicles. Image Credit: Stan Liu for Chevrolet

Image Credit: Stan Liu/Chevrolet

If you already have a 240 volt outlet that can recharge your vehicle within 7 hours overnight, and you only use it to go to work and back during the week, then maybe you can hold off on the charging station purchase.

However, if you do make trips more often than that, the charging station could certainly be worth it.

According to Green Car Reports, the tax credit covers 30% of the charger’s cost, but with a maximum credit of $1,000.

(You’ll want to use Form 8911 when you file your taxes early next year.)

The tax credit was renewed for this year only as part of a package of legislation that ended the fiscal-cliff debacle on January 1 this year.

A credit for 10 percent of the purchase price of an electric motorcycle or three-wheeled vehicle was also renewed, and also expires again on December 31.

(That one’s Form 8834.)

More info on plug-in car and related tax incentives is available over on Plug-In America.

With the US Congress not exactly functional at the moment, not much is expected to get done by the end of the year, and these tax credits are almost certainly going to expire. So, think fast…

For more stories like this, visit our electric vehicle channel. 
 





 

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About the Author

writes on CleanTechnica, Gas2, Kleef&Co, and Green Building Elements. He has a keen interest in physics-intensive topics such as electricity generation, refrigeration and air conditioning technology, energy storage, and geography. His website is: Kompulsa.com.



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