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Old 05-30-2013, 10:46 AM   #3 (permalink)
Ryland
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Join Date: Jan 2008
Location: Western Wisconsin
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honda cb125 - '74 Honda CB 125 S1
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The NEV tax credit is not $7,500 either, it's 10% of the cost or $2,500 and it's a non refundable tax credit, so you have to OWE $2,500 in federal taxes that you would then not end up paying.
From what I can tell, for your vehicle to qualify then the manufacturer has to have filed paper work for their vehicle to qualify, so if it does qualify then getting that paper work from the manufacturer shouldn't be an issue.
Home Built EV's do not qualify, I can buy all new parts from kit car companies and make an electric hot rod that looks like a Model T Ford and it's a kit car and there for home built because the final assembly took place outside of a factory.
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