AMP Electric Vehicles Qualify for Federal Tax Credit

AMP Electric Vehicles (OTCBB and OTCQB: AMPD), announced today they have been qualified by the IRS for the federal tax credit.

The timing of AMP’s qualifying for the Federal Plug-in Electric Drive Motor Vehicle Credit of $7,500, which applies to retail and fleet buyers, couldn’t be better," said Jim Taylor, AMP CEO. "Given the recent increase in gas prices and the low operating cost of an EV, more buyers are turning their attention to EV alternatives."

Many states offer additional sales tax exemptions and zero emission tax credits of up to $5,000 that can also be applied to the purchase. AMP is taking reservations for their all-electric vehicles at

"After the tax credit, an AMP EV buyer can drive an all-electric SUV for as little as $49,900, a very competitive price for an EV," said Dana Hackney, owner of AMP of Cincinnati dealership. "When our buyers compare AMP’s SUVs to other smaller EV offerings they will be very impressed."

AMP recently received numerous great reviews following the Detroit Auto Show press events, including Consumer Reports, citing that electric power isn’t just for "little city cars:".

AMP (OTCBB and OTCQB: AMPD) has introduced a unique electrification technology that has generated an extreme amount of interest from around the world. AMP is strategically targeting their electrification at the OEM SUV and Commercial Medium Duty Vehicle markets. AMP customer sales will be from both the consumer and fleet markets. The Company was founded in 2007 by entrepreneurs who have created several hi-tech companies and is currently comprised of top automotive industry veterans and business executives.