Home / Auto News / News article: AMP Electric Vehicles Now Qualify for Tax Credit - AutoGuide.com News
 |  Mar 12 2012, 10:01 AM

While some electric vehicle companies are floundering, AMP Electric Vehicles has just been cleared by the IRS to give a federal tax credit to its customers. 

With the prices of gas steadily increasing, the timing of AMP’s qualification is right on point. Jim Taylor, AMP CEO says “Given the recent increase in gas prices and the low operating cost of an EV, more buyers are turning their attention to EV alternatives.”

Buyers of AMP’s electric vehicles can now get up to $7,500 off in federal tax credits, and additional tax credits of up to $5,000 are also available depending on your state.

AMP provides all-electric versions of Jeep Grand Cherokees and Mercedes-Benz MLs. With the tax credits, it means that buyers could get into an AMP EV for $49,000.

The vehicles both claim a range of at least 80 miles on a single charge, and still boast the same cargo space and passenger room as the standard gas variants, even with the batteries.

  • Lloyd

    I hope they have better quality on their vehicles, than they do their sign!