Electric motorcycles like Brammo’s forthcoming Empulse model would qualify for a tax credit.
PICKERINGTON, Ohio — Buyers of on-road electric motorcycles would continue to be eligible for up to a $2,500 tax credit under a bill approved by the U.S. Senate Finance Committee, the American Motorcyclist Association reports.
On Aug. 2, the panel approved bipartisan legislation extending dozens of tax breaks, including language offered by U.S. Sen. Ron Wyden (D-Ore.) to preserve the tax credit for buying electric motorcycles designed for the street.
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HOFFMAN ESTATES, Ill., Jul 10, 2012– GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the U.S.
“We’ve proven that we can successfully marry technology with performance and now we’re ramping up our efforts to deliver our unique products to the marketplace,” said Craig Bramscher, founder and CEO of Brammo. “This program with GE Capital will support the rapid growth of our distribution network, allowing leading motorcycle dealerships to capitalize on the growing demand for electric motorcycles.”