On February 17, 2009 President Barack Obama signed into law the Stimulus Act which carries a provision in which buyers of ZAP electric cars and trucks can receive a 10 percent tax credit up to $2,500.
The plug-in tax credit in the Stimulus Act can be applied for on vehicles purchased starting today. The tax credit applies towards ZAP's Xebra sedan (MSRP $11,700) and truck (MSRP $12,500) as well as its new low-speed vehicles, the ZAP Shuttle (MSRP $14,700) and ZAP XL Truck (MSRP $14,500).
The ZAP Xebra Can Receive a 10% U.S. Tax Credit.The tax credits were initially slated to have an effective date starting January 1, 2010, but ZAP argued that the tax credits would meet the spirit of the Stimulus Act if started immediately.
ZAP CEO Steve Schneider expressed appreciation to Congressman Mike Thompson (California 1st District), who successfully argued for immediate implementation of the tax credits in the House Committee on Ways and Means.
Federal Tax Credit
Now It's Easier to Go Electric
Massachusetts legislature is working on providing measures that will make going electric more attractive financially and more convenient in use. As measures are adopted we will post them.
Because driving a ZAP all-electric vehicle is the right thing to do for the environment, your federal government is giving you tax credit to help you pay for it.
Call us, and we can explain how these combined credits can make owning a ZAP car or truck even more affordable than ever before.