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07-04-2010, 05:59 PM
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Senior Member
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Join Date: Jan 2010
Location: Los Angeles, CA
Posts: 246
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Rebates for conversions
Has anyone ever wondered what would happen if everyone who was interested in doing a conversion got together and demanded rebates equal to those given to new electric cars?
I mean, conversions are just as (if not more) environmentally friendly than new electric cars. That would really make it possible for lots of people to get into an electric car on the cheap.
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07-04-2010, 08:10 PM
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Junior Member
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Join Date: Mar 2010
Location: Colorado
Posts: 19
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Re: Rebates for conversions
Quote:
Originally Posted by meanderingthemaze
Has anyone ever wondered what would happen if everyone who was interested in doing a conversion got together and demanded rebates equal to those given to new electric cars?
I mean, conversions are just as (if not more) environmentally friendly than new electric cars. That would really make it possible for lots of people to get into an electric car on the cheap.
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Come to Colorful Colorado; here is a link to the explanation of the rebates available to qualifing conversions. They can be up to $ 6,000.00. Hope I can finish mine before the state gets as broke as Calif.
http://www.colorado.gov/cs/Satellite...&ssbinary=true
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07-05-2010, 11:34 AM
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Senior Member
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Join Date: Jan 2010
Location: Los Angeles, CA
Posts: 246
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Re: Rebates for conversions
Sweet!
In CA, they only give you 10% of the "kit" cost. But CA gives out $5K for NEW EVs. So what's up with that?
Then, there is the Federal rebates to consider. They're giving out $7.5K. But nothing to conversions.
If you buy a NEW EV in CA, you get $12.5K back in credits/rebates. But since we are talking about emissions, what is the REAL diff between NEW and CONVERTED? Why not give equal credits for equal emissions ratings?
That would allow many converters to go Lion that couldn't otherwise. Or it would allow individuals who aren't interested in DIY, to contract a mechanic to do the labor. If we really want EVs on the road, this is a more cost-effective way to go about doing it.
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07-16-2010, 02:18 PM
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Senior Member
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Join Date: Jun 2009
Posts: 512
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Re: Rebates for conversions
Sounds reasonable to me! Here in North Carolina, you get nothing for either though, so I guess I can't complain much.
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07-16-2010, 02:31 PM
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Senior Member
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Join Date: Jan 2010
Location: Los Angeles, CA
Posts: 246
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Re: Rebates for conversions
Colorado is looking pretty nice right now.
@rillip3, that's exactly why you need to complain!!!
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07-22-2010, 11:41 AM
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Senior Member
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Join Date: May 2008
Location: Tampa FL
Posts: 1,981
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Re: Rebates for conversions
Quote:
Originally Posted by meanderingthemaze
Then, there is the Federal rebates to consider. They're giving out $7.5K. But nothing to conversions.
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This is not true. There is current 10% conversion cost tax rebate, there is an IRS form for it. I use TurboTax online for my taxes and it took a little searching to find the right form, but it was not hard and I got $2000 back for my conversion.
Many other forum members got same rebate, its been discussed a few times here.
Of course it would be nice to get more, but I am glad to get 10% back.
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07-22-2010, 11:43 AM
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Senior Member
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Join Date: May 2008
Location: Tampa FL
Posts: 1,981
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Re: Rebates for conversions
Just looked it up, its Form 8910 , you can find it on IRS Web site too.
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07-24-2010, 04:49 PM
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Junior Member
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Join Date: Jul 2010
Posts: 8
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Re: Rebates for conversions
We need to press our members of congress have got to make subsidies equal to new for conversions. It is not just that conversions are more eco friendly, the are also more ECOnomically friendly. If the bank wants a new car, lets redo the springs, interior, windsheild, tires and roll the product out new. and how about insurance? If someone turns in front of you, you pay a company a couple thousand to move everything to the new donor. I am pressing my congresspeople and we all should be doing the same. juddmeyers@yahoo.com
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07-22-2010, 12:31 PM
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Senior Member
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Join Date: Jan 2010
Location: Los Angeles, CA
Posts: 246
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Re: Rebates for conversions
Well, part of the reason I misspoke is that the information is not that easy to find. It's not well-advertised. I seem to also be mistaken about CA's tax credit. It seems that has been discontinued. The reason that the CA Energy Comission gave was that the battery performance was not up to par with industry standards. It seemed like a bogus reply.
I will not be able to get $2,000, but more like $1,200, which essentially takes care of the state tax.
I would agree that something is better than nothing, but it's not enough to make serious change.
What about a retroactive credit for the last decade or so, who would be up for signing that petition?
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07-16-2010, 02:42 PM
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Junior Member
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Join Date: Jul 2010
Posts: 8
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Re: Rebates for conversions
I had the IRS call me the other day (terrifying) and my understanding from them is that there is a 10 percent credit nationwide until at least the end of 2011. 30B sub1 up to 40k conversion cost. To further screw things up, I have been to several banks and am basically told conversions can only be financed for the amount the car books for. This is the most important thing to get past if we are going to get a few million of these on the road in the next couple years.
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