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Polaris to buy Global Electric Motorcars LLC (GEM) from Chrysler

Green Car Congress

based subsidiary of Chrysler Group LLC. The six GEM passenger and utility models are legal on most streets with posted speeds of 35 mph or less. GEM cars are eligible for incentives and tax credits from clean-air districts and other governmental agencies. Click to enlarge. Polaris Industries Inc.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

Federal EV Tax Credit. To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car. The tax credit depends on the manufacturer you choose and vehicle battery. Not listed.