EV Charging Station Tax Breaks End Saturday

EV buyers are eligible for up to $7,500 in tax credits.

EV buyers are eligible for up to $7,500 in tax credits. (nissan)

Americans have embraced hybrid technology in the last few years, but fully-electric cars have yet to catch on except with a small handfull of consumers. And while we’re certain electric vehicles (EVs) are nowhere near becoming the first choice of consumers, many new models will appear in 2012, including consumer-oriented choices like the Ford Focus Electric.

There are misfit cars such as the Chevrolet Volt that offer a mix of EV utility and a gasoline engine for when electric range is exhausted, but the majority of EVs have to be charged with an electrical source in order to operate.

It’s possible to charge many EVs with a standard 110 volt outlet, but in order to get the best performance and fastest charging times, owners have to install EV charging stations that operate on 220 volts. Such stations can cut the time it takes to fully charge an EV in half, meaning full capacity is reached in as little as four hours.

In the past, owners that install chargers have been able to take advantage of tax credits that covered a significant portion of the cost of installation. 2010 saw tax credits of up to 50 percent of the total cost available as part of a government stimulus package.

The deductions for 2011 aren’t quite as large, but taxpayers who installed such stations can deduct 30 percent of the cost, up to $1,000 when they file next year. And commercial enterprises are allowed to deduct up to $30,000.

But despite the upcoming new models that will debut in the next calendar year, Congress has taken no action on extending charging station tax credits, so as of Saturday, December 31, the program officially ends.

Of course, Congress can reinstate these tax credits retroactively once they come back into session in January, but as of yet, there’s been no solid action indicating they will do so.

The biggest tax break on EVs remains in place, however. Buying an EV will still garner a tax credit of $7,500, greatly reducing the cost of such vehicles.


About Cecil Helton

Cecil Helton Cecil Helton is a U.S.-based writer and editor with passions for cars, motorcycles, boats, technology and social media. Much of his professional life since 1996 has been web-centric, and he’s written and developed content on a variety of subjects. His work in the houseboat industry received wide acclaim, such as winning the 1999 Cisco Systems Growing with Technology award and being named one of five finalists in the manufacturing sector of the 2000 Computerworld-Smithsonian Awards. As an Air Force brat, he spent much of his childhood in a two-year cycle of moving to a new place, making new friends, establishing a life, and then moving again. Destinations included: Kentucky, Illinois, Texas, the Greek isle of Crete, California and Ohio. Today you’ll find Cecil coping with his 15 year old son’s decision to pursue a motorcycle license at the same time he gets his driver’s license, being active across the web on multiple social media sites, and of course, writing articles and creating content on automotive and car insurance related topics right here at CarInsurance.org.


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