Jim Ellis Green
5901 Peachtree Industrial Blvd. Atlanta, GA 30341Sales: (888) 690-4671
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Federal Green Car Incentives
The Federal government has created a number of incentives for those who wish to purchase vehicles that use the new green technology, including alternative fuels, hybrid, electric, and so on.
While all of the detailed information about these credits can be found online, we're going to try to provide the highlights here.
Click on a Topic Below to Review Tax Incentives for:
Tax Incentives for Electric Vehicles
The Federal government has just announced additional income tax credits to be effective in 2011, but for 2010, consumers who purchase electric vehicles like the full-speed Wheego Whip LiFe are eligible for a $7,500 income tax credit in the year of purchase.
The minimum amount of the credit for qualified plug-in electric drive vehicles is $2,500 and the credit tops out at $7,500, depending on the battery capacity.
To qualify, vehicles must be newly purchased, have four or more wheels, have a gross vehicle weight rating of less than 14,000 lbs, and draw propulsion using a battery with at least four kilowatt hours that can be recharged from an external source of electricity.
We are still waiting to hear if new updates will also provide tax credits for the installation of an in-home 220/240-volt circuit charging station.
The Wheego Whip LiFe is also eligible for tax incentives from the state of Georgia, and the Alternative Fuel license plate .
Tax Incentives for Low-Speed Electric Vehicles
The Recovery Act law also creates a special tax credit for the low-speed Wheego Whip, which is 10% of the purchase price (up to a maximum credit of $2,500) for purchases made after Feb. 17, 2009, and before Jan. 1, 2012.
To qualify, a vehicle must be either a low speed vehicle propelled by an electric motor that draws electricity from a battery with a capacity of 4 kilowatt hours or more.
We are still waiting to hear if new updates will also provide tax credits for the installation of an in-home 220/240-volt circuit charging station.
Unfortunately, at this time the low-speed Wheego Whip does not qualify for the Georgia state tax incentive, or the alternative fuel license plate.
Tax Incentives for Clean Diesel
Diesel vehicles with advanced lean-burn technologies are eligible for tax credits, though most of these are only in effect until December 31, 2010. (For vehicles purchased for use or lease on or after January 1, 2011, no credit is allowable because the credits under section 30B(c) and section 30B(d) expire for vehicles purchased after that date.)
Jim Ellis brand vehicles purchased for use or lease on or before December 31, 2010 that qualify for this incentive are listed on the table below:
Because these credits were created in 2005, we are nearing the end of their terms. So don't delay!
Tax Incentives for Hybrid Vehicles
Individuals and businesses who buy or lease a new hybrid gas-electric car or truck are eligible for an income tax credit for vehicles "placed in service" starting January 1, 2006, and purchased on or before December 31, 2010.
The amount of the credit depends on the fuel economy, the weight of the vehicle, and whether the tax credit has been or is being phased out (depending on the number of units each manufacturer has sold). Hybrid vehicles that use less gasoline than the average vehicle of similar weight and that meet an emissions standard qualify for the credit.
Jim Ellis brand vehicles that qualify for this incentive are listed on the tables below.
Qualifying 2010 Chevrolet models:
Qualifying 2010 GMC models:
Because these credits were created in 2005, we are nearing the end of their scheduled terms, and the amount available will reduce next year.
Tax Incentives for Alternative Fuel Vehicles
The original 2005 alternative fuel tax credits have now been phased out entirely. It is unknown as to whether the Federal government will be instituting more of these in the near future, or not.
While there are no Federal programs or incentives for bio-fuel vehicles, the state of Georgia has enacted incentives for this kind of vehicle. These include the alternative fuel license plate and unrestricted use of Georgia's HOV lanes.
While all of the detailed information about these credits can be found online, we're going to try to provide the highlights here.
Click on a Topic Below to Review Tax Incentives for:
Tax Incentives for Electric Vehicles
The Federal government has just announced additional income tax credits to be effective in 2011, but for 2010, consumers who purchase electric vehicles like the full-speed Wheego Whip LiFe are eligible for a $7,500 income tax credit in the year of purchase.
The minimum amount of the credit for qualified plug-in electric drive vehicles is $2,500 and the credit tops out at $7,500, depending on the battery capacity.
To qualify, vehicles must be newly purchased, have four or more wheels, have a gross vehicle weight rating of less than 14,000 lbs, and draw propulsion using a battery with at least four kilowatt hours that can be recharged from an external source of electricity.
We are still waiting to hear if new updates will also provide tax credits for the installation of an in-home 220/240-volt circuit charging station.
The Wheego Whip LiFe is also eligible for tax incentives from the state of Georgia, and the Alternative Fuel license plate .
Tax Incentives for Low-Speed Electric Vehicles
The Recovery Act law also creates a special tax credit for the low-speed Wheego Whip, which is 10% of the purchase price (up to a maximum credit of $2,500) for purchases made after Feb. 17, 2009, and before Jan. 1, 2012.
To qualify, a vehicle must be either a low speed vehicle propelled by an electric motor that draws electricity from a battery with a capacity of 4 kilowatt hours or more.
We are still waiting to hear if new updates will also provide tax credits for the installation of an in-home 220/240-volt circuit charging station.
Unfortunately, at this time the low-speed Wheego Whip does not qualify for the Georgia state tax incentive, or the alternative fuel license plate.
Tax Incentives for Clean Diesel
Diesel vehicles with advanced lean-burn technologies are eligible for tax credits, though most of these are only in effect until December 31, 2010. (For vehicles purchased for use or lease on or after January 1, 2011, no credit is allowable because the credits under section 30B(c) and section 30B(d) expire for vehicles purchased after that date.)
Jim Ellis brand vehicles purchased for use or lease on or before December 31, 2010 that qualify for this incentive are listed on the table below:
| Model Year | Make | Model | Credit Amount |
| 2010 | Audi | A3 2.0L TDI automatic | $650 |
| 2010 | Audi | Q7 3.0L TDI | $575 |
| 2010 | Volkswagen | Golf 2.0L TDI 2 door and 4 door automatic | $850 |
| 2010 | Volkswagen | Golf 2.0L TDI 2 door and 4 door manual | $650 |
| 2010 | Volkswagen | Jetta 2.0L TDI (manual and automatic) | $650 |
| 2010 | Volkswagen | Jetta 2.0L TDI SportWagen (manual and automatic) | $650 |
| 2010 | Volkswagen | Touareg 3.0L TDI | $575 |
Because these credits were created in 2005, we are nearing the end of their terms. So don't delay!
Tax Incentives for Hybrid Vehicles
Individuals and businesses who buy or lease a new hybrid gas-electric car or truck are eligible for an income tax credit for vehicles "placed in service" starting January 1, 2006, and purchased on or before December 31, 2010.
The amount of the credit depends on the fuel economy, the weight of the vehicle, and whether the tax credit has been or is being phased out (depending on the number of units each manufacturer has sold). Hybrid vehicles that use less gasoline than the average vehicle of similar weight and that meet an emissions standard qualify for the credit.
Jim Ellis brand vehicles that qualify for this incentive are listed on the tables below.
Qualifying 2010 Chevrolet models:
| Model | Credit Amount |
| Malibu Hybrid | $1,550 |
| Silverado Hybrid C15 2WD | $2,200 |
| Silverado Hybrid K15 4WD | $2,200 |
| Tahoe Hybrid C1500 2WD | $2,200 |
| Tahoe Hybrid K1500 4WD | $2,200 |
Qualifying 2010 GMC models:
| Model | Credit Amount |
| Sierra Hybrid C15 2WD | $2,200 |
| Sierra Hybrid K15 4WD | $2,200 |
| Yukon Hybrid C1500 2WD | $2,200 |
| Yukon Hybrid K1500 4WD | $2,200 |
| Yukon Denali Hybrid C1500 2WD | $2,200 |
| Yukon Denali Hybrid K1500 4WD | $2,200 |
Because these credits were created in 2005, we are nearing the end of their scheduled terms, and the amount available will reduce next year.
Tax Incentives for Alternative Fuel Vehicles
The original 2005 alternative fuel tax credits have now been phased out entirely. It is unknown as to whether the Federal government will be instituting more of these in the near future, or not.
While there are no Federal programs or incentives for bio-fuel vehicles, the state of Georgia has enacted incentives for this kind of vehicle. These include the alternative fuel license plate and unrestricted use of Georgia's HOV lanes.
Contact
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Jim Ellis Green
5901 Peachtree Industrial Blvd.
Atlanta,
GA
30341