electric coup¨¦ convertion ?
Best Answer: Colorado will not reimburse you for the cost. You can carry a tax credit of up to 85% of the incremental "VALUE" of the car. So here's an example. You have $30,000 coup¨¦ and you make it electric for a cost of $30,000 (see first link on the cost to answer your question, slice 2). That means you have $60,000 in the sports car. You can buy a factory made electric car just like yours for $40,000. OOPPPPs, no duty credit. Now instead, you buy a new EV at $40,000 and the equivalent gasoline one costs $35,000. You can deduct 85% or the difference so $4,000 maximum. http://www.coloradoautoconnection.com/electric_car_conversions.asp http://www.fueleconomy.gov/feg/tax_hybrid.shtml http://www.revenue.state.co.us/fyi/html/income09.html
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