Seven of GGT’s all-electric, zero-emission trucks, cars, and vans have been certified to claim the qualified plug-in electric vehicle credit under Internal Revenue Code Section 30. This means that, upon purchase, buyers of these vehicles can claim a tax credit for their new EV that is “equal to 10 percent of the cost of the qualified plug-in electric vehicles placed in service during the tax year, not to exceed $2,500.00.”
In layman’s terms, that means that, after purchasing a GGT electric vehicle for personal or fleet use, you are eligible to get a tax credit up to $2,500 per vehicle, which is both an affirmation of the value that the U.S. Government places on the burgeoning electric vehicle industry and a significant savings that makes its way directly back in your wallet.
“We’re very grateful to the Department of the Treasury for certifying our vehicles for the plug-in credit,” said Ray Leduc, CEO of GGT Electric. “We have always believed that electric vehicles were the most economical choice for personal and commercial buyers, due to their independence from foreign oil concerns and their amazing two-cents-per-mile cost to operate. But, with this $2,500 tax credit, that message just got even more compelling. There is no question now that, like no other car or truck out there, electric vehicles can save you money.”
The seven GGT vehicles approved for the plug-in credit are the GGT E-Dyne Electric Van, the E-Dyne Electric Truck, the Scout 72-volt Electric Van, the Scout 98-volt Electric Van, the Scout 72-volt Electric Truck, the Scout 98-volt Electric Truck, and the Cozmo electric car.
GGT Electric is a leader in the international fleet greening movement, having previous supplied its all-electric vehicles to such diverse sources as the state of South Carolina, the U.S. Bureau of Land Management (BLM), the U.S. Veterans Administration, Virginia Tech University, the Federal Aviation Administration (FAA), the Grand Canyon National Park, the University of Memphis, and the U.S. Forestry Service, among others.