What is the amount of the tax credit?
For low-speed vehicles (“LSVs”) purchased in 2009, the amount of the credit is
$2,500, with an additi onal $417 for each full kilowatt hour of tracti on batt ery
capacity in excess of 4 kilowatt hours. So, all new 2007, 2008 and 2009 GEM models
qualify for a $3,751 credit, except for the GEM e6 (w/8-volt batt ery) and the GEM eL
XD, which qualify for a $5,002 credit. (Please visit www.gemcar.com/taxcredit and
click on EESA Tax Credit for more informati on on this credit.)
Model Year
Vehicle
Credit Amount
2007, 2008, 2009
GEM e2
$3,751.00
2007, 2008, 2009
GEM e4
$3,751.00
2007, 2008, 2009
GEM e6 (with 12 volt batt eries)
$3,751.00
2007, 2008, 2009
GEM e6 (with 8 volt batt eries)
$5,002.00
2007, 2008, 2009
GEM eS
$3,751.00
2007, 2008, 2009
GEM eL
$3,751.00
2007, 2008, 2009
GEM eL XD
$5,002.00
For LSVs purchased in 2010 or 2011, the amount of the credit is equal to 10 percent
of the purchase price of the vehicle, up to $2,500. (Please visit www.gemcar.com/
taxcredit and click on ARRA Tax Credit for more informati on on this credit.)
In either case, the credit is only available to LSVs with a tracti on batt ery capacity of at
least 4 kilowatt hours.*
Is the tax credit available for leases as well as purchases?
Yes.
Is the tax credit available for purchases of used vehicles?
No.
Plug-In Hybrid Electric Vehicle Tax Credit
Frequently Asked Questi ons
www.gemcar.com/taxcredit
R
Updated 8/27/09
Can the tax credit be used in conjuncti on with other tax incenti ves?
No. The credit cannot be used in conjuncti on with other Federal tax incenti ves, such
as other credits that are available for “green” vehicles or the temporary deducti on
for State or local sales or excise taxes. In additi on, future depreciati on deducti ons
for any vehicle that is purchased for business use are reduced by the amount of the
credit. However, the credit can be used in conjuncti on with any applicable State tax
incenti ves. (Please visit www.gemcar.com/taxcredit and click on State In